HomeMy WebLinkAbout98-420 RESOLUTION NO. 98-420
A RESOLUTION REGARDING A LEASE PURCHASE AGREEMENT FOR THE PURPOSE OF
PROCURING VIDEO ARRAIGNMENT SYSTEM
WHEREAS, Mohave County Board of Supervisors desires to enter into that certain Lease-Purchase
Agreement dated as of August 24, 1998, by and between Mohave County Board of' Supervisors and
Government Capital Corporation, for the purpose of procuring video arraignment system. The Board desires
to designate this Agreement as a "qualified tax exempt obligation" of the Board for the purposes of Section
265 (b) (3) of the Internal Revenue Code of 1986, as amended. The Board desires to designate James
Zaborsky, Chairman, as an authorized signer of the Agreement.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF THE MOHAVE COUNTY BOARD
OF SUPERVISORS:
Section 1. That the Board enter into a Lease Purchase Agreement with Government Capital
Corporation for the purpose of procuring video arraignment system.
Section 2. That the Lease Purchase Agreement dated as of August 24, 1998, by and between the
Board and Government Capital Corporation is designated by the Board as a "qualified tax exempt
obligation" for the purposes of Section 265 (b) (3) of the Internal Revenue Code of 1986, as amended.
Section 3. That the Board designates James Zaborsky, Chairman, as an authorized signer of the
Lease Purchase Agreement dated as of' August 24, 1998, by and between the Mohave County Board of
Supervisors and Government Capital Corporation.
PASSED, APPROVED AND ADOPTED by the Mohave County Board of Supervisors in a
meeting held on November 2, 1998.
MOH~ORS
ATTEST: ~Zab~~
Pat Chastain, Clerk of the Board