0212 7�
RESOLUTION NO. 212 -78
A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT BY AND BETWEEN
THE CITY OF JACKSONVILLE, ARKANSAS, AND STANDEX INTERNATIONAL
CORPORATION PERTAINING TO THE USSUANCE OF INDUSTRIAL DEVELOPMENT
REVENUE BONDS FOR FINANCING THE COSTS OF ACQUIRING, CONSTRUCTING
AND EQUIPPING INDUSTRIAL FACILITIES; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
BE IT RESOLVED 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 Memorandum of Intent by and between the City of Jacksonville,
Arkansas (the "Municipality "), and Standex International Corporation, a Dela-
ware corporation (the "Company "), in substantially the form and with substantial-
ly the contents hereinafter set forth, and the Mayor and City Clerk be, and
they are hereby, authorized to execute and deliver the Memorandum in Intent
for and on behalf of the Municipality. The form and contents of the Memorandum
of Intent, which are approved and which are made a part hereto, shall be sub-
stantially as follows:
SECTION 2. That the Mayor and City Clerk be, and they are hereby authorized
and directed, for and on behalf of the Municipality, to do all things, execute
all instruments and otherwise take all action necessary to the realization of
the Municipality's obligations under the Memorandum of Intent.
PASSED: March 21 , 1978.
ATTEST: APPROVED:
467 acia/s Ade
ity Clerk Mayor
V APPROV AS TO FORM:
(SEAL)
T' A TORNEY
CERTIFICATE
The undersigned, City Clerk of Jacksonville, Arkansas hereby certifies
that the foregoing is a true and compared copy of a resolution passed at a
Special session of the City Council of Jacksonville, Arkansas, held at
the regular meeting place of the Council at 12 Noon a.m., on the 21 day of
March , 1978.
�7 C ity Clerk