3167 General Battery Corporation IRBL
RESOLUTION NUMBER 3167
PRELIMINARY BOND RESOLUTION of the City of Salina, Kansas, (the "City")
A New York Corporation
WHEREAS, General Battery Corporation,/(the "Company") wishes to acquire
`and construct or to complete the acquisition and construction of certain
industrial and pollution control .facilities (the "Project"), and wishes to have
the City issue its.revenue bonds to provide such facilities; and
WHEREAS, the acquisition and construction of the Project -is in
3accordance with and is authorized by Kansas Statutes Annotated, Section] ir-1740
to 12-1749,'as amended and supplemented, and such acquisition and construction of
gthe Project will promote the economic stability of the State. of Kansas by providi
greater employment opportunities and diversification of industry, thus promoting
the general welfare of the citizens of the State; and
WHEREAS, ..a Memorandum of Agreement has been presented to the City under
the terms of which .the City agrees, subject to the provisions of such Agreement,
to issue -its revenue bonds to provide the Project;
NOW THEREFORE, BE IT RESOLVED by the Governing Body of the City of.
Salina, Kansas:
1. That the Mayor of the City is hereby authorized to execute, and
the Clerk-. -of the City is hereby authorized to attest, a Memorandum of Agreement
with the Company in substantially the form of such Agreement as,.was presented
'.to this meeting or with such changes therein as 'shall be approved by the officials
;executing the same.
2. That. the officers and employees of the City are hereby authorized
,to take such further action as is necessary to carry out the intent and purposes
�,of the Memorandum of Agreement as executed and to issue revenue bonds in an
lamount not to exceed $9,000,000.00 upon the terms and conditions stated in such
Memorandum of Agreement.
Adopted by the Governing Body of the City of Salina, Kansas, and approve
by the Mayor this 7th day of January,
Attest:
D. L. Harrison, City Clerk
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