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AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE UNDER THE MUNICIPALITIES AND COUNTIES INDUSTRIAL DEVELOPMENT REVENUE BOND LAW, ACTS 1960 (EX. SESS.), NO.9, BY THE CITY OF JONESBORO, ARKANSAS, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS (ANHEUSER-BUSCH COMPANIES, INC. PROJECT) SERIES 1982, FOR THE PURPOSE OF FINANCING CERTAIN INDUSTRIAL FACILITIES; AUTHORIZING THE EXECUTION AND DELIVERY BY THE CITY OF JONESBORO, ARKANSAS OF AN AGREEMENT OF SALE, INDENTURE OF TRUST, BOND PURCHASE AGREEMENT, OFFICIAL STATEMENT AND SUCH BONDS IN CONNECTION THEREWITH; DECLARING AN EMERGENCY; AND AUTHORIZING OTHER ACTIONS IN CONNECTION THEREWITH (NOTE: THIS ORDINANCE WAS AMENDED BY ORD-82:1809 ON DECEMBER 20, 1982)
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WHEREAS, the City of Jonesboro, Arkansas (the “Issuer”), is authorized and empowered by the provisions of the Municipalities and Counties Industrial Development Revenue Bond Law, Acts 1960 (Ex. Sess.), No.9, as amended (the “Act”), to issue its revenue bonds for the purpose of financing land, buildings or facilities of any and every nature whatsoever that can be used in securing or developing industry within or near the Issuer upon such terms as the City Council of the Issuer shall deem advisable and as shall not conflict with the provisions of the Act; and
WHEREAS, in order to accomplish the purpose of the Act; the Issuer has determined it necessary and advisable to finance the costs of the acquisition, construction and installation of certain facilities, including buildings. Equipment and related facilities suitable for use as a new rice mill facility (the Project”) for Anheuser-Busch Companies, Inc., a Delaware corporation, and its wholly-owned subsidiary, Anheuser-Bush, Incorporated (together, the “Companies”), which Project will be located within or near the Issuer and will be used by Busch Agricultural Resources, Inc., a wholly-owned subsidiary of Anheuser-Busch Companies Inc. (the “User”), and which Project qualifies as “facilities” which may be ...
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