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0615 ~2 ORDINANCE NO. 6 1. 5 P\r~ ORDlr~ANCE CONFIIU,;lING TIlE AUTHORITIES AN'D PROVISIONS OF AN ORDINANCE PERTAINING TO THE CONSTRUCTING AND EQUIPPING OF EXTENSIONS AND MPROVl~r4ENTS fro TIlE cr'rY HOSPITAL AND 'rIlE ISSTJANCE OF REVENtJE BC)NI)S FOR TI-IE I;'INANCING TIIEREOF; PItESCRIBING OTIIER MATTERS PERTAINING 'I'fIERETO i AND DECLARING AN EMERGENCY. WHEREAS, trle Ci. Council adopted on May 15, 1980, Ordinance No. 586, which authori the constructing and equipping of extens and improvements to City's general, acute care hospital, Rebsamen Men10rial l'Iospi tal (tIle " Hospital U) and the issuance of the City's Hospital Refunding and Construction Revenue Bonds, Series 1980, for the financing thereof and which prescribed various matters incidental theretoj and WHEREAS, as provided by Ordinance No. 586, the Bonds have been offered by the Underwriters, Stephens Inc., Little Rock, Arkansas, and the interest rates and other details can now be determined and approved; NOW, THEREFORE, Be It Ordained By the City Council of the City of Jacksonville, Arkansas: Section 1. The issuance of the City of Jacksonville, A,rkansas Ho Refunding and Construction Revenue Bonds, Series 1980, principal arrtount of $9,"100,000 (the "Bondsn) is hereby authori and approved. The Bonds .shall bear interest, mature and be subject to redemption prior to maturity as set forth in the Bond Purchase Agreement (hereinafter approved). The Trustee and, Paying Agerl't for the F30nds shall First Jacksonville Bank, Jacksonville, Arkansas. Section 2. The Bonds shall be sold to the Underwriters, Stephens Inc., Little Rock, Arkansas, at a price of 97% of the principal amount thereof, pursuant to the terms of the Bond Purchase Agreement, copies of which are presented to and before the City Council at the time of con~ideration of this Ordinance. The Bond Purchase Agreement is hereby approved in substantially the form presented to City Council and the Mayor and City Clerk are authorized to execute del r the Bond Purchase Agreement on behalf of the City. lL'j' T ,." ~ -2- Section 3. Except as modified hereby or inconsistent herewith, the provisions of Ordinance No. 586 are hereby con- formed, incl particularly (but without limitation) those provis taining to the approval of the execution and delivery of the Trust Indenture, the Preliminary Official Statement and the Official Statement (as identified and set forth in Ordinance No. 586). The Mayor and the City Clerk are authorized to execute and deliver such writings and to take such action as may be necessary or appropriate to the exercise or implementation of the powers and duties conferred hereby, or the purposes hereof, or to eviderlce the existence or exercise thereof. Section 4. The provisions of this Ordinance are hereby declared to be separable, and if any section, phrase or provision shall for any reason be declared to be invalid, such declaration shall not affect the validity of the remainder of the sections, phrases and provisions. ~ Section 5~ All ordinances, resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 6. It has been found and it is hereby declared t trH3 c:onstruction anc1 equipment of extensi011s and improvements -to the Ho tal is essential to the provision of adequate health care for the inhabitants of the City and that there is an immediate and urgent need for the constructing and equipping of these ex- tensions arid imp:r."ovements. T11erefore, an emergency is declared this Ord ing necessary for the preservation of the c peace, and safety, shall be in effect upon its passage and approval. l\.,DOP'rED AND APPROVED this 6th day of O:tober , 1980. APPROVED: A'r'rEST: /~~~ (SEAL) ORDI~L:~ tl1<ECTIVE IMlYlliUIA'l'tiliY. ETYI.tl{GENCY CLAUSE AJ:t'J.i'IXlill. (~ITY CW{K G~)