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Minutes for the City Council meeting on October 5, 1970
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The City Council of the City of Jonesboro met in regular session in City Hall, Monday night, October 5, 1970, at 7:30 p.m. There were present: Mayor, City Attorney, City Clerk and the following named Councilmen: Pierce, Park, Dr. Bowers, Young, Darling, Stricklin, Minx, Pardew, Bowers, Williams, Johnson and Knight.
Mr. Minx offered the following ordinance for its first reading:
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT BY AND BETWEEN THE CITY OF JONESBORO, ARKANSAS, AS LESSOR, AND TENNECO, INC, A DELAWARE CORPORATION AS LESSEE, IN SUBSTANTIALLY THE FORM AND WITH SUBSTANTIALLY THE CONTENTS SET FORTH IN AND MADE A PART OF THE ORDINANCE; AUTHORIZING THE EXECUTION AND DELIVERY OF THE LEASE AND AGREEMENT; PRESCRIBING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY
Mr. Knight moved with Mr. Williams seconding the motion that the rule be suspended and the ordinance be placed on the second reading. All members voted aye and the motion carried. Mr. Knight moved with Mr. Pierce seconding the motion that the rule be further suspended and the ordinance be placed on the third and final reading. All voted aye and the motion carried. Mr. Knight then moved with Mr. Pierce seconding the motion that the ordinance be adopted. All aye and the motion carried. Motion by Knight, second by Pierce, to adopt the emergency clause passed unanimously. The ordinance was given the number 1275.
Mr. Young offered the following ordinance for its first reading:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS UNDER ACT NO. 9 OF THE FIRST EXTRAORDINARY SESSION OF THE SIXTY-SECOND GENERAL ASSEMBLY OF THE STATE OF ARKANSAS, APPROVED JANUARY 21, 1960, AS AMENDED, FOR THE PURPOSE OF PROVIDING PERMANENT FINANCING OF THE COST OF SECURING AND DEVELOPING INDUSTRY (THE PARTICULAR INDUSTRIAL PROJECT IS DESCRIBED IN THE ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF A TRUST INDENTURE SECU...
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