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5446 RESOLUTION NO 5,446 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXERCISE AN OPTION TO PURCHASE AN INTERNATIONAL HARVESTER 442 SCRAPER; AND FOR OTHER PURPOSES WHEREAS, in July, 1973 the Board of Directors approved a Lease-purchase agreement with the Little Rock Road Machinery Company for a International Harvester 442 Scraper, with an option to purchase said Scraper on January 8, 1976 at a pur- chase price of $52, 400 .00; and WHEREAS, it has been determined that it would be most feasible to purchase the said Scraper at this time. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. The City Manager is hereby authorized to exercise the option contained in a Lease-Purchase Agreement between the City of Little Rock and Little Rock Road Machinery Company dated July, 1973 and purchase from said Little Rock Roac Machinery Company one International Harvester 442 Scraper. This commitment to purchase shall be effective January 8, 1976 and funds for such purchase shall be budgeted in the 1976 Budget of the City of Little Rock. SECTION 2 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED: November 18, 1975 ATTEST: APPROVED: it41114/2 City Cle Mayor