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RESOLUTION NO. 7,039
A RESOLUTION AUTHORIZING A MEMORANDUM OF
INTENT BY AND BETWEEN THE CITY OF LITTLE
ROCK, ARKANSAS, AND QUALITY FOODS, INC.,
PERTAINING TO THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS FOR FINANCING THE
COSTS OF ACQUIRING, CONSTRUCTING AND
EQUIPPING INDUSTRIAL FACILITIES; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
BE IT RESOLVED by the Board of Directors of the City of
Little Rock, Arkansas:
Section 1. That there be, and there is hereby autho-
rized the execution and delivery of a Memorandum of Intent by and
between the City of Little Rock, Arkansas (the "Municipality "),
and Quality Foods, Inc., an Arkansas corporation (the "Company "),
and the Mayor and City Clerk be, and they are hereby, authorized to
execute and deliver the Memorandum of Intent for and on behalf of
the Municipality. The Memorandum of Intent is approved in
substantially the form submitted to this meeting, and the Mayor is
hereby authorized to confer with the Company in order to complete
the Memorandum of Intent in substantially the form submitted to
this meeting with such changes as shall be approved by such
persons executing the document, their execution to constitute
conclusive evidence of such approval.
Section 2. That the Mayor and City Clerk be, and they
are hereby authorized and directed, for and on behalf of the
Municipality, to do all things, execute all instruments and other-
wise take all action necessary to the realization of the Muni-
cipality's obligations under the Memorandum of Intent.
PASSED: August 2 1983.
ATTEST: 6
City Jerk JaWee�Czec
(SEAL)
A ROVED
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