Legislation Details

File #: RES-64:2016    Version: 1 Name: Sale of revenue bonds
Type: Resolution Status: Passed
File created: 9/8/1964 In control: City Council
On agenda: Final action: 9/8/1964
Title: RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK TO CONTRACT FOR SALE ACT 9 BONDS THAT MAY BECOME AVAILABLE AFTER THE OCTOBER 13, 1964, ELECTION
Indexes: Bonds - revenue/development, Contract
Related files: MIN-64:017

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RESOLUTION TO AUTHORIZE THE MAYOR AND CITY CLERK TO CONTRACT FOR SALE ACT 9 BONDS THAT MAY BECOME AVAILABLE AFTER THE OCTOBER 13, 1964, ELECTION

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BE IT RESOLVED, by the City Council of the City of Jonesboro, Arkansas, that the Mayor and City Clerk are hereby authorized to contract for the sale of Act 9 Bonds which may become available for issuance and sale as a result of an election to be held thereon on October 13, 1964, when and if the same are issued, at the best price available and under such terms as will cost the City of Jonesboro nothing and will not adversely affect the rentals now received from Crane Company.

 

The acts of said officials to be upon recommendations of the President of the Jonesboro Industrial Development Corporation and the President of the Citizens Bank, Trustee of such bond issue.

 

PASSED and ADOPTED this 8th day of September, 1964.