SECTION 2: BENEFICIAL INTEREST IN TRUST ACCEPTED:
By reason of its being extremely advantageous to the city to accept the terms of the Trust, and by reason of the city's need of the facilities to be acquired, constructed and equipped by the Wewoka Industrial Authority, it is deemed and hereby declared necessary for the preservation of the public health, peace and safety that the Trust be accepted and to that end that this ordinance shall become operative immediately; wherefore, an emergency is hereby declared to exist and this ordinance shall be in full force and effect immediately from and after its passage and approval. (Ord. 302, 11-12-1973)