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Minutes for the City Council meeting on December 2, 1985
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A Public Hearing was held for Kenney Manufacturing Co. regarding the issuance of bonds (Act 9) at 7:00 p.m.
City Council Minutes - December 2, 1985
The Jonesboro City Council met in regular session at 7:30 p.m. Present were Mayor, City Clerk, City Attorney, and all Aldermen.
The minutes of November 18, 1985, were approved as mailed on motion by Mr. Stricklin, seconded by Mr. Shelton. All voted aye.
Mr. Sanderson offered the following ordinance: (Kenney Man. Co. Act 9 Bonds)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS UNDER ACT. NO. 9 OF 1960, AS AMENDED, FOR THE PURPOSE OF PROVIDING PERMANENT FINANCING FOR 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 SECURING THE BONDS; AUTHORIZING AND PRESCRIBING CERTAIN OTHER MATTERS PERTAINING TO THE INDUSTRIAL PROJECT, THE CONSTRUCTION THEREOF; AND THE FINANCING THEREOF. AUTHORIZING A LEASE AGREEMENT BETWEEN THE CITY OF JONESBORO, AS LESSOR AND G. DICKSON KENNEY, AS LESSEE, IN SUBSTANTIALLY THE FORM AND WITH SUBSTANTIALLY THE CONTENTS SET FORTH IN AND MADE A PART OF THIS ORDINANCE; AUTHORIZING THE EXECUTION AND DELIVERY OF LEASE AGREEMENT; PRESCRIBING OTHER MATTERS RELATING THEREOF: AND DECLARING AN EMERGENCY
Mr. Park moved, seconded by Mr. Stricklin to suspend the rules and place on second reading. All voted aye. The ordinance was read for the second time. Mr. Nix moved, seconded by Mr. Stricklin to suspend the rules and place on third reading. All voted aye. The ordinance was r3ad for the third time. Mr. Park moved, seconded by Mr. Stricklin to adopt the ordinance. All voted aye. Mr. Stricklin moved, seconded by Mr. Shelton to adopt the emergency clause. All voted aye. The ordinance was the number 1958.
Mayor Stallings adjourned the regular session and conducted a Public Hearing for Farr Co...
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