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Minutes for the City Council meeting on March 19, 1973
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CITY COUNCIL MEETING MONDAY NIGHT MARCH 19, 1973
The City council of the City of Jonesboro met in regular session in City Hall, Monday night, March 19, 1973, at 7:30 p.m. There were present: Mayor, City Attorney, City Clerk and the following named Councilmen: Pierce, Park, Dr. Bowers, Hannah, Stricklin, Minx, Smith, Bowers, Goforth, Johnson, Bridger and Ward. Dr. Bowers was not present for the 1st 10 and last 3 roll calls. Mr. Bowers was not present for the last 3 roll calls.
Mr. Park offered the following Ordinance for its 1st reading: (#1357 FMC Bonds)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL REVENUE BONDS UNDER ACT NO. 9, FOR THE PURPOSE OF PROVIDING PERMANENT FINANCING OF THE COSTS OF SECURING AND DEVELOPING INDUSTRY; AUTHORIZING THE EXECUTION AND DELIVERY OF A TRUST INDENTURE SECURING THE BONDS; AUTHORIZING AND PRESCRIBING OTHER MATTERS PERTAINING TO THE INDUSTRIAL PROJECT, THE CONSTRUCTION THEREOF AND THE FINANCING THEREOF; AND DECLARING AN EMERGENCY
Mr. Pierce moved with Mr. Park seconding the motion that the rules be suspended and the ordinance be placed on the second reading. All present voted aye except Bowers who passed. Mr. Pierce moved with Mr. Park seconding the motion that the rules be further suspended and the ordinance be placed on the third and final reading. Bowers passed and all others present voted aye, motion carried. Mr. Park then moved with Mr. Pierce seconding the motion that the ordinance be adopted. Bowers passed and others present voted aye. Motion carried. Motion by Park, seconded by Ward to adopt the Emergency Clause, passed.
Mr. Pierce offered the following Ordinance for its 1st reading:
AN ORDINANCE AUTHORIZING A LEASE AGREEMENT BY AND BETWEEN THE CITY OF JONESBORO, AS LESSOR, AND FMC CORPORATION, AS LESSEE, IN SUBSTANTIALLY THE FORM AND WITH THE CONTENTS SET FORTH IN AND MADE A PART OF THIS ORDINANCE; AUTHORIZING THE EXECUTION AND DELIVERY OF THE...
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