6432 t
RESOLUTION NO. 6 ,432
A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT BY
AND BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS , AND
FLINTKOTE COMPANY, 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 authorized
the execution and delivery of a Memorandum of Intent by and between
the City of Little Rock, Arkansas (the "Municipality") , and Flintkote
Company, a Massachusetts 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 sub-
mitted 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 otherwise take all
action necessary to the realization of the Municipality's obligations
under the Memorandum of Intent.
ADOPTED: September 16 , 1980 .
APPROVED:
ATTEST:
117
,� ` Mayor
/ City k
(SEAL)