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<br />RESOLUTION NO. 87-114 <br /> <br />WHEREAS, the City Council of the City of Paris did <br />heretofore on the 8th day of July, 1985, in Resolution No. <br />85-059 authorize a lease with Northern Telecom Finance <br />Corporation for equipment for telephone service; and, <br /> <br />WHEREAS, Northern Telecom Finance Corporation has <br />elected to assign its rights and interest under said lease <br />to Security Pacific National Bank and has asked the City of <br />Paris to consent to such assignment using the form attached <br />hereto as Exhibit A; and, <br /> <br />WHEREAS, it is deemed to be in the best interest of the <br />City of Paris to consent to said assignment; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, That the assignment of rights and interest under <br />lease between the City of Paris and Northern Telecom Finance <br />Corporation, dated June 13, 1985, to Security Pacific <br />National Bank is hereby approved. <br /> <br />BE IT FURTHER RESOLVED, That the Mayor of the City of <br />Paris, Billy Joe Burnett, be, and he is hereby authorized <br />and directed to execute on behalf of the City of Paris the <br />Consent to Assignment attached hereto as Exhibit "A". <br /> <br />Passed and adopted this 19th day of October, 1987. <br /> <br />~ <br /> <br />ATTEST: <br /> <br />~n~',,~~\~~~ <br />Mattie Cunning am, Cit C er <br /> <br /> <br />FORM: <br /> <br />~ <br /> <br />City Attorney <br />