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0820 l.3t{- ORDINANCE NO. x 'LJ) (#U-861 AN ORDINANCE AUTHORIZING THE PURCHASE OF LOTS 4 AND 5 OF GOODSELL INDUSTRIAL SUBDIVISION BY THE CITY OF JACKSONVILLE AND FOR OTHER PURPOSES. WHEREAS, the City of Jacksonville is desirous of purchasing property next to its warehouse building, and WHEREAS, First National Bank of Jacksonville, Arkansas, desires to sell to the City the two lots described below, NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION 1: The Mayor is hereby authorized to purchase for and in the name of the City of Jacksonville the following described property: Lots 4 and 5 of Goodsell Industrial Subdivision to the City of Jacksonville, Pulaski County, Arkansas. SECTION 2: That the purchase price authorized from City funds to be paid to First National Bank, Owner, is $20,000. SECTION 3: That all ordinances in conflict herewith are hereby repealed to the extent of said conflicts. APPROVED AND ADOPTED THIS 6th DAY OF MARCH, 1986. CITY OF JACKSONVILLE, ARKANSAS /.~ G. REID,{ MAYtDR ATTEST: ~~. , LubK M. LEONARD, 'c1 TY CLERK APPRO~ AS TO FORM: (;;, 1l4) '42t~ KE H VAUGH N, ijTY ATTORNEY