0182 r " • •
ORDINANCE NO. : ± ''
AN ORDINANCE AUTHORIZING A LEASE AND AGREEMENT
BY AND BETWEEN THE CITY OF JACKSONVILLE, ARKANSAS,
AS LESSOR, AND CONTROLS COMPANY OF AMERICA, AS
LESSEE, IN SUBSTANTIALLY THE FORM AND WITH SUB-
STANTIALLY THE CONTENTS SET FORTH IN AND MADE A
PART OF THIS ORDINANCE; AUTHORIZING THE EXECUTION
AND DELIVERY OF SAID LEASE AND AGREEMENT BY THE MAYOR
AND CITY CLERK FOR AND ON BEHALF OF THE CITY; PRESCRIB-
ING OTHER MATTERS PERTAINING 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 wherein the City of Jackson-
ville, Arkansas (herein called "City ") , is Lessor, and Controls Company of
America, a corporation organized under and existing by virtue of the laws of
the State of Delaware but authorized to do business in the State of Arkansas,
is Lessee, dated September 30, 1966, in substantially the form and with sub-
stantially the contents hereinafter set forth, and the action of the Mayor and
City Clerk in executing, acknowledging and delivering said Lease and Agree-
ment fa and on behalf of the City is hereby authorized, approved, ratified and
confirmed. The form and contents of said Lease and Agreement which are hereby
approved and which are made a part hereof shall be substantially as follows:
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Page 2
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 ail 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 said
Lease and 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 re-
mainder 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herewith are hereby repealed to the extent of such conflict.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 a substantial development of industry within the City of Jacksonville,
Arkansas, 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 and Agreement
authorized by this Ordinance is necessary for the accomplishment 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
health, safety and welfare, shall be in force and take effect immediately upon
and after its passage.
PASSED: ..'.. , 1966.
APPROVED:
ATTEST:
Mayor
City Clerk
(SEAT.)
wr. . •
1.
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 session of the City Council of Jacksonville,
Arkansas, held at the regular meeting place of the Council of said City at
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o'clockr on the - day of f‘c• • , 1966, and that
said Ordinance is of record in Ordinance Record Book ; , Page
now in my possession.,
GIVEN under my hand and seal this / day of fr.q
1966.
',-
City Clerk
(SEAL)
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