0497 t
ORDINANCE NO. it 4 7 1 7
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT
BY AND BETWEEN THE CITY OF JACKSONVILLE, ARKANSAS,
AS LESSOR, AND STANDEX INTERNATIONAL CORPORATION,
AS LESSEE, IN SUBSTANTIALLY THE FORM AND WITH
SUBSTANTIALLY THE CONTENTS SET FORTH IN AND MADE
A PART OF THE ORDINANCE; AUTHORIZING THE EXECUTION
AND DELIVERY OF THE LEASE AND AGREEMENT; PRESCRIBING
OTHER MATTERS RELATING THERETO'; AND DECLARING AN
EMERGENCY.
BE IT ORDAINED by the City Council of the City of
Jacksonville, Arkansas:
Section 1. That there be, and there is hereby authorized
the execution and delivery of a Lease and Agreement (the "Lease
Agreement ") wherein the City of Jacksonville, Arkansas (the "City "),
is Lessor, and Standex International Corporation, a Delaware
corporation ( "Standex "), 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 hereby approved and which are made a part hereof, shall
be substantially as follows:
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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 City's rights and to the discharge
of the City's obligations 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 validity of the remainder of the sections,
phrases or provisions.
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conflict herewith are hereby repealed to the extent of such conflict.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 developing of industry at the
City in order to provide additional employment and increased payrolls,
alleviate unemployment and provide other benefits incidental to the
operation of a substantial industry, and the execution and delivery
of the Lease Agreement authorized by this Ordinance are necessary for
the accomplishing of these public benefits 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: April 27th 1978_
ATTEST APP•'VD:
City C er }; :Iayor
(SEAL)
CERTIFICATE
The undersigned, City Clerk of the City of Jacksonville,
Arkansas, hereby certifies that the foregoing pages are a true
and compared copy of an Ordinance passed at a special session
of the City Council held at the regular meeting place of the
City Council at 12:00 o'clock p .m., on the 27th day of
April , 1978, and that the Ordinance is of record in
Ordinance Record Book No. II , Page 279 , now in my possession.
GIVEN under my hand and the seal of the City this 27th
day of April , 1978.
- /
City Clerk
(SEAL)
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