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2 RESOLUTION NO. 8,559
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A RESOLUTION FIXING A DATE AND TIME
4 FOR A PUBLIC HEARING.
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6
7 WHEREAS, the City of Little Rock, Arkansas Health
8 Facilities Board (Baptist medical Center) (the "Board") was
created by Ordinance No. 13,700, adopted and approved August 7,
9 1979, as heretofore amended (the NEnabling Ordinance ") for the
10 purpose of financing facilities for use by Baptist Medical
11 Center, in order to assist Baptist Medical Center in continuing
12 to meet the requirements of the inhabitants of the City of
13 Little Rock, Arkansas (the "City") and of the State of Arkansas
for health care, pursuant to the Constitution and laws of the
14 State of Arkansas, including particularly Arkansas Code of 1987
15 Annotated § §14- 137 -101 through 123 (the "Act"); and
16 WHEREAS, the Board issued its City of Little Rock, Arkansas
17 Health Facilities Board (Baptist Medical Center) Hospital
Revenue Bonds, Series 1979, dated November 1, 1979, in the
18 principal amount of $35,650,000 (the "Outstanding Bonds ") for
19 the purpose of financing the acquisition, construction and
20 equipping of Baptist Medical Center, for the provision of
21 medical and nursing care (the "Hospital "); and
22 WHEREAS, the Board has determined that the Outstanding
Bonds can be refunded, with substantial savings in interest
23 costs, by the issuance of refunding bonds, under the Act and the
24 Enabling Ordinance (the "Refunding BondsN); and
25 WHEREAS, it is necessary, as a condition to the exemption
26 of interest on the Refunding Bonds from federal income tax, that
27 issuance of the Refunding Bonds be approved by an elected
official or officials, following a public hearing and fourteen
28 days' published notice of such hearing; and
29 WHEREAS, the Refunding Bonds will be obligations only of
30 the Board and will not in any event constitute an indebtedness
31 of which the faith and credit of the City or any of its revenues
32 are pledged; and
WHEREAS, copies of the notice for a public hearing and of a
33 proposed approving ordinance are before the Board of Directors
34 at the meeting at which this Resolution is addressed.
35 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
36 THE CITY OF LITTLE ROCK, ARKANSAS:
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PASSED: August 20, 1991
ATTEST:
APPROVED AS TO FORM:
THOMAS M. ENT /
CITY ATTORNEY
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SECTION 1. A public hearing
is hereby scheduled and fixed
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on the matter of approval of the
Refunding Bonds for 6:00 p.m.,
3
September 3, 1991.
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SECTION 2. All resolutions
and parts thereof in
conflict
herewith are hereby repealed to
the extent of such
conflict.
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This Resolution shall be in force
upon its passage and
approval.
PASSED: August 20, 1991
ATTEST:
APPROVED AS TO FORM:
THOMAS M. ENT /
CITY ATTORNEY
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