0591
J~(
ORDINANCE NO. 5 9 1
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT BY AND BETWEEN
THE CITY OF JACKSONVILLE, ARKANSAS, AS LESSOR AND AGL CORP-
ORATION, AS LESSEE, IN SUBSTANTIALLY THE FORM AND WITH THE
CONTENTS SET FORTH AND MADE A PART OF THE ORDINANCE; AUTHORIZ-
ING THE EXECUTION AND DELIVERY OF THE LEASE AND AGREEMENT;
PRESCRIBING OTHER MATTERS RELATING THERETO; AND DECLARING
AN EMERGENCY.
BE IT ORDAINED by the Council of the City of Jacksonville, Arkansas:
Section 1. That there be, and there is hereby authorized the ex-
ecution and delivery of a Lease and Agreement (the "Lease Agreementll)
wherein the City of Jacksonville, Arkansas (the IICityll), is Lessor, and
AGL Corporation, an"Arkansas corporation (the IICompanyll), is Lessee, in
substantially the form and with substantially the contents hereinafter
set forth, and the Mayor and City Clerk be, and they are hereby, authorized
to execute, acknowledge and deliver the Lease Agreement for and on behalf
of the City. The form and contents of the Lease Agreement, which are here-
by approved and which are made a part hereof, shall be substantially as
follows:
(Advice is hereby given that a copy of the Lease Agreement
is on file in the office of the City Clerk of the City and
is available for inspection by any interested person.)
*NOTE: FILE LOCATION: VARIOUS BOND ISSUES/CITY OF JACKSON-
VILLE, ARKANSAS/ACT 9 BOND ISSUE; A"G.L. CORPORATION EX-
PANSION/$l MILLION) City Clerk Gerren
Section 2. That the Mayor and City Clerk be and they are hereby
authorized and directed, for and on behalf of the city, to do all things,
execute all instruments and otherwise take all action necessary to the
realization of the Ci.ty's rights and to discharge the Ci"tyt's obli'gati'ons as
Lessor under the Lease Agreement,
Section 3. That 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
validi'ty of the remai'nder of the sections, phrases or provi'si'ons,
Section 4. That all ordinances and parts of ordinances in conflict
herewith are hereby repealed to the extent of such conflict.
Section 5. That there is hereby found and declared to be an immediate
need for the securing and devel opi ng of industry at th,e City i,n order to pro~
vide additional employment and increased payrolls, alleviate unemploy'ment
and provide other benefits incidental to the operation of a substantial in~
dustry, and the execution and delivery of the Lease Agreement authorized by
this Ordinance are necessary for the accomplishment of these public benefits
*FOR INFORMATION PURPOSES ONLY/NOT READ INTO THE ORDINANCE ON PASSAGE
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PAGE TWO ORDINANCE NO. 5 9 1
and purposes. It is therefore, declared that an emergency exists, and this
Ordinance being necessary for the immediate preservation of the public peace,
health and safety, shall be in force and take effect immediately upon and
after its passage.
PASSED: June 5, 1980
ATTEST:
cf!k~e~~ ~
APPROVED AS TO FORM:
City Attorney
(SEAL)
APPROVED:
A.~
(EMERGENCY CLAUSE AFFIXED. ORDINANCE EFFECTIVE IMMEDIATELY/N, Ger~en, C. C.)