title
A RESOLUTION AUTHORIZING A CONTRACT OF PURCHASE BY AND BETWEEN THE CITY OF JONESBORO, ARKANSAS, AND LEHMAN BROTHERS, INC., AND KIDDER, PEABODY AND CO., INC, UNDERWRITERS; APPROVING THE OFFICIAL STATEMENT PERTAINING TO THE SALE OF $3,500,000 1973 INDUSTRIAL DEVELOPMENT BONDS, (FMC CORPORATION PROJECT); AND PRESCRIBING OTHER MATTERS RELATING THERETO
body
BE IT RESOLVED by the City Council of the City of Jonesboro, Arkansas:
That there be and there is hereby authorized the executive and delivery of a contract of purchase between the City of Jonesboro and Lehman Brothers, Inc. and Kidder, Peabody and Co., Inc., underwriters, in substantially the form and with substantially the contents hereinafter set forth and the Mayor and City Clerk be and they are hereby authorized to execute and deliver the contract of purchase for and on behalf of the City. And the form and contents of the contract of purchase, which are hereby approved and which are made a part thereof shall substantially as follows:
1. That the form of official statement presented at this meeting and the distribution thereof by the underwriters is hereby approved and (authorized by the underwriter) and the Mayor is authorized and directed to sign said official statement. A copy shall be filed in the Office of the City Clerk.
2. That the Mayor and City Clerk be, and they are hereby authorized and directed for an on behalf of the City to do all things execute all instruments and otherwise take all action necessary to the realization of the City’s rights and to the discharge of the City’s obligations under the contract of purchase.
PASSED AND ADOPTED this 4th day of April, 1973.