0917
q'y
ORDINANCE NO. 917
AN ORDINANCE RATIFYING ORDINANCE NO. 916~
ADOPTED AND APPROVED NOVEMBER 28~ 1989;
DECLARING AN EMERGENCY; AND FOR OTHER
PURPOSES
WHEREAS~ the City Council of the City of Jacksonvillep
Arkansas~ at a special meeting held November 28~ 1989r adopted
Ordinance No. 916~ being an Ordinance entitled:
AN ORDINANCE APPROVING THE ISSUANCE OF
HOSPITAL REVENUE REFUNDING BONDS; APPROVING
A TRUST INDENTURE; DECLARING AN EMERGENCY;
AND FOR OTHER PURPOSES
WHEREAS~ it is appropriate that the adoption and
approval of Ordinance No. 916 be ratified;
NOW THEREFORE~ Be It Ordained by the City Council of
the City of Jacksonville, Arkansas:
Section 1. Ordinance No. 916~ adopted and approved
November 28p 1989 is hereby ratified.
Section 2. Timely issuance of the hospital revenue
refunding bonds authorized by Ordinance No. 916 will result in
substantial savings of interest for the City and Rebsamen
R€gional Medical Center. Therefore~ an emergency is declared and
this Ordinance~ being necessary for the preservation of the
public peace~ health and safety~ shall be in force upon its
adopt i 011 .
APPROVED this 7th day of December~ 1989.
ATTEST:
!LJ \ VJ
~ "A.~
C~ i t'y-e'l erk.. Lu 1 a i\7t:-... Leonard
~~~~
MA YOR/ '
//
APPROVED S. TO F~~
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City J:ornev Keith ~~ghan