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2003063487
• • 86/25/2803 10:35 :29 AN
Filed 8 Recorded in
Official Records of
CAROLYN STALEY
11 538
RESOLUTION NO. PULASKI COUNTY
CIRCUIT /COUNTY CLERK
Fees $11.80
A RESOLUTION TO AUTHORIZE ACXIOM CORPORATION TO
GRANT A LEASEHOLD INTEREST TO SUN TRUST BANK; AND FOR
OTHER PURPOSES.
WHEREAS, in Little Rock, Ark., Resolution No. 10,528 (April 20, 1999), the City
approved a Head Lease as part of the financing for industrial facilities within the City,
for the benefit of Acxiom Corporation, and
WHEREAS, Section 9.1 of that lease requires the City to approve the grant of a
mortgage on any leasehold interest, and
WHEREAS, Acxiom wishes to grant a mortgage to Sun Trust Bank in order to
secure a loan for the use and benefit of Acxiom,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. Pursuant to Section 9.1 of the Head Lease entered into by the City and
Axciom under the authority of Little Rock, Ark., Ordinance No. 10,528 (April 20, 1999),
the City approves the grant of a mortgage in the leasehold interest to Sun Bank Trust.
Section 2. The Mayor and City Clerk are authorized to execute any documents,
approved by the City Attorney, necessary to carry out the purposes of this Resolution.
Section 3. Severability. In the event any title, section, paragraph, item, sentence,
clause, phrase, or word of this resolution is declared or adjudged to be invalid or
unconstitutional, such declaration or adjudication shall not affect the remaining
portions of the resolution which shall remain in full force and effect as if the portion so
o�appo �OpepO
declared or adjudged invalid or unconstitutional was not originally a sjpr't ofcthe °°°
resolution.
ar Q nl' ea >
[PAGE 1 OF 2]
Grant of Mortgage on Axciora Leaschold
Pursuant to Little Rock Ark., Ordinance No. 10,528 (April 20,1999)
CL.,,. ,
I Section 4. Repealer. All laws and parts of laws inconsistent with the provisions
2 of this resolution are hereby repealed to the extent of such inconsistency.
3 ADOPTED: June 17, 2003
4 ATTEST: APPROVED:
5
7 Nanky Woc d, City Clerk Ji ailey, May
s APPROVED AS TO LEGAL FORM:
9 /A ,
10
it Thomas M. Carpenter
12 City Attorney
13
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[PAGE 2 OF 2]
Resolution
Grant of Mortgage on Axciom Leasehold
Pursuant to Little Rock Ark., Ordinance No. 10,528 (April 20,1999)