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. ; RESOLUTION WHEREA3 the City of Grand Island, Nebraska, and the company have f`ully negotiated a proposal r�her�eby said city ahall finance through the issuance of its municipal revenue bonds the acquisition of certain land to be purchased from the company, the construction thereon of a beef slaughtering and processing plant and other improvements, and the purchase and installation therein of certain machinery and equipment, which land and facilitiea ahall be leased by the company from said city for a rental sufficient to pay off bond indebtedness incu rred by the city therefor, and, in addition, whereby said city shall provide adequate sewage disposal and treatment servicea for said plant at rates or charges to be agreed upon by the company in order to rea�onably assure the city� s payment in f�zll of bond indebtedness incurred therefor (as herein- after described) from the city's total receipts of sewage rates, fees , and charges from all users, including the company, and WHEREAS, said city has: (a) Adopted its Ordinance No. 4131 on March 18, 196�, suthorizing and providing for the issuance and sale of sanitary sewerage revenue bonds of the city in the principal amount of One Million Six Hundred Seventy Thousand Dollars ($1,670,000) for the purpose of paying the costs oP conatructing and equipping a new sewage disposal plant and partly improving, extending and equipping the existing sanitary sewerage system oP the city; prescribing the form of said bonds and pledging the revenues derived from a service, rental or use charge to be collected from the users of said plant and system, including all extensions thereof and additions thereto; limit- ing the payment oP said bonds solely to said revenues; and requiring the city to rpaintain and collect a service, rental or use charge for the uae and aervices of said plant and system at least sufficient in amount to pay the principal of and interest on said bonds as the same shall fall due and, together with other moneys that may be and are lawf�Zlly applied thereto, to pay the costs of maintaining and operating said plant and system, and to carry out all other covenants of this ordinance, and (b) Adopted its Ordinance No. �4140 on June 15, 196�, author- izing the issuance of its industrial development revenue bonds of the city in the rincipal amount of Three Million Four Hundred Thousand Dollars ($3,�0,000) for the purpose of acquiring certain land, constructing thereon a slaughtering and proceasing plant and other improvementa, and to purchase machinery and equipment therefor (collectively referred to as the "Pro�ect") which bonds and related interest coupons shall be payable solely from the revenues and rentals f�om the leasing of such pro,ject pledged to the payment o£ said bonds; approving and authorizing execution of a contract with this company with respect to acquisition of the pro,�ect; approving and authorizing execution of a mortgage and indenture of trust with respect to said pro�ect; approving and authorizing execution of a lease and agreement with this company, said lease and agreement containing certain options to purchase said pro�ect; making findings and determinations with reference to said pro�ject and bonds; authorizing the sale of said bonds to Stern Brothers & Co., of the City of Kansas City, Missouri; determining that said bonds shall not be a liability of the city nor a eharge against its general credit or taxing powers; providing that the invalidity of any part of the ordinance shall not affect the remainder; incorporating within said ordinance the provisions of , . , y3=;