6562 RESOLUTION NO. 6 ,562
A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT
BY AND BETWEEN THE CITY OF LITTLE ROCK, ARKANSAS ,
AND ALLIED TELEPHONE COMPANY, PERTAINING TO THE
ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS
FOR FINANCING THE COSTS OF ACQUIRING, CONSTRUCT-
ING 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 Allied
Telephone Company, 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 substantially in 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
.
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action necessary to the performance of the Municipality' s obligations
under the Memorandum of Intent.
PASSED: April 21 , 1981.
APPROVED:
ATTEST:
Ma or
City
(SEAL)