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AN ORDINANCE AUTHORIZING A FIRST SUPPLEMENTAL LEASE AND AGREEMENT (IN THE FORM AND WITH THE CONTENTS SET FORTH IN THE ORDINANCE) AND AUTHORIZING A FIRST SUPPLEMENTAL TRUST INDENTURE (IN THE FORM AND WITH THE CONTENTS SET FORTH IN THE ORDINANCE), BOTH IN CONNECTION WITH THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS TO FINANCE AN EXPANSION TO THE BAJOHR INDUSTRIAL PROJECT; PRESCRIBING OTHER MATTERS RELATING THERETO; AN DECLARING AN EMERGENCY
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BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas (the “City”):
Section 1: That the Mayor and City Clerk be and they are hereby, authorized and directed for an on behalf of the City to execute, acknowledge and deliver a First Supplemental Lease and Agreement (the “First Supplemental Lease and Agreement”) to that Lease and Agreement wherein the City of Jonesboro, Arkansas (the “City”), is Lessor, and The Carl Bajohr Company (“Bajohr”) is Lessee, dated as of July 1, 1974, in substantially the form and with substantially the contents hereinafter set forth, and which form of First Supplemental Lease and Agreement is hereby made a part hereof:
Section 2: That there is hereby authorized the sale and delivery of $300,000 in principal amount of City of Jonesboro, Arkansas Industrial Development Revenue Bonds - Bajohr Project, Series B, dated as of November 1, 1977, (the “Series B Bonds”). The issuance of the Series B Bonds has been heretofore authorized by the Trust Indenture dated as of July 1, 1974, by and between the City and Citizens Bank of Jonesboro, Jonesboro, Arkansas, and in connection therewith there is hereby authorized a First Supplemental Trust Indenture (the “First Supplemental Trust Indenture”), in substantially the form and with substantially the contents hereinafter set forth, which shall be executed and acknowledged by the Mayor and City Clerk for and on behalf of the City, with the seal of the City affixed thereto, and which form of First Supplemental Trust Indenture is hereby...
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