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HomeMy WebLinkAboutO-119AW 1rd + °! .r s- ORDINANCE NO. y AN ORDINANCE APPROVING A LOAN AND GRANT AGR&'3MT BETS THE TOWN OF FAIRHOPS, eLLBUM, AND THE UNITED STATES OF AMERICA, AND AUTHORIZING ITS EM- CUTION: BE IT ORDAINED by the Town Council of the Town of Fair - hope, Alabama: Section 1. That the Loan and Grant Agreement between the Town of Fairhope, an incorporated town in Baldwin County, Ala- bama, and the United States of Amerloa, under and subject to the terms of which the United States will by loan and grant not exceed- ing in the aggregate the sum of $120,000.00 aid said Town of Fair - hope in financing the construction of water works and sewerage sys- tem, a copy of which Loan and Grant Agreement is filed among the public records of the Town of Fairhope, in the office of the said Town of Fairhope, and is hereby ordered to be recorded at -length in the Minutes of the Town Council as a part of the Minutes of its meet- ing held fitly 24, 1934, the same to be marked Exhibit "A", and which Loan and'Grant Agreement is hereby made a part hereof, be and the same is hereby in all respects approved. Section 2. That the Mayor, M. F. Northrop, of said Town of Fairhope, be and he is hereby authorized and directed to execute such Loan and Grant Agreement in triplicate on behalf of the Town of Fairhope, and the Clerk, Gladys Lowell, of said Town of Fair - hope, be and she is hereby authorized and direoted to impress or affix the official seal of said Town of Fairhope to each of said three copies of said Loan and Grant Agreement and to attest such seal. Section 3. That said Mayor, M. F. Northrop, be and he is hereby authorized and directed to forthwith forward three copies of said Loan and Grant Agreement as executed on behalf of said Town of Fairhope to the Federal Emergency Administration of Public Works, Washington, D. C . Section 4. That the said Mayor, M.F.Northrop, and Clerk, Gladys Lowell, be and they are hereby authorized and empowered on behalf of said Town of Fairhope,, to request, and c onseat t o, modif i- r J cations of or changes in said Loan and Gram Agreement with refer- , , once to the designation, date, denominations, medium of payment, places of payment, and registration or conversion privileges of the bonds to be issued thereunder in order to comply with the/re- quirements of law and of the proceedings taken for the issuance of said bonds, and to execute in the same manner as said Loan and Grant Agreement any further instruments that may be found desir- able in connection with such modifications or changes. Section 5. That said Mayor, M. F. Northrop, be and he is hereby authorized and directed to forthwith send to said Federal Emergency Administration of Public Works two certified copies of this Ordinance and two oertified copies of the proceedings of the Town Council of the Town of Fairhope in connection with the adoption of this Ordinance, and such further documents or proofs in connec= tion with the approval and execution of said Loan and Grant Agree- ment as may be requested by said Federal Emergency Administration of Public Works. a� I'm 11(„/ U TAL I, M A►DM LC`:1ELL, the C lwk of the TOIM of ralrhopo f ,Alo- bo=t do horoby oortirZr that the anna+co4 ocrpy of Orainimelen 110.� Arts b ooCTared by no with and In n tme and cor"Ot o .. � of the Wlwlo of such Orrll==& 170, ,� f� on duly adopted at =d, apDeor» IAO amone the OIT10101 xd=t►os of tha rQcul;r naotiAG of tho Room CCAMOIl CIC such Torn Ot lj%3rhgpe. bald cM the [Ath dqg of JUWM 1�D4, and dux,y 09rmd by the ,.7�,Z on this "th day of Ju y,. I . in ra=ju,.,mmw,, I have hOmto a®t 1W baud wA a fl=d tbG official +fit of acid Tmm of rairhopo, this rAth day of jA y, 1034.