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HomeMy WebLinkAboutOrdinance 92378 :, _ .r ~ti,,.- ~, M CITY OF DALLAS ORDINANCE NO. 7 8477 CITY OF FORT WORTH ORDINANCE N0. ~7~7 AN ORDINANCE ADOPTED CONCURF.ENTLY BY THE CITY COU1vTCILS OF THE CITIES OF DALLAS AND FORT WORTH EXERCISING THE OPTION TO REDEEM THE DALLAS-FORT WORTH F.EGIONAL AIRPORT JOINT REVENUE BONDS, SERIES 1982 ~ WHEREAS, the Cities of Dallas and Fort Worth have outstanding the Dallas.-Fort Worth Regional Airport Joint Revenue Bonds, Series 1984, dated March 1, 1982, aggregating $100,600,000 in principal amount (the "Series 1982 Bonds''); and WHEREAS, the Series 1982 Bonds not maturing by their terms prior to May 1, 199.'_ may be redeemed prior to stated maturity at the option of the Cities in whole on the first day of May, 1992, at a price of par and accrued interest to the date of redemption plus a premium of ?_.5°s of the principal amount thereof. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DALLAS, TEXAS: THEREFORE, BE IT ORDAIPIFD BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: Section 1. That the Series 1982 Bonds are to be redeemed pursuant to the terms of the Series 1982 Dallas-Fort Worth Regional Airport Joint Revenue Bonds Escrow Agreement authorized concurrently herewith. Section 2. That the Cities of Dallas and Fort Worth hereby exercise their option to redeem on May 1, 1992, the Series 1982 Bonds Numbered 1214 to 20000, both inclusive, aggregating $93,935,000 being all of the above described Series 1982 Bonds maturing after May 1, 1992 in accordance with their terms. r ~; a ' Section 3. That the Dallas-Fort Worth Regional Airport Board is hereby authorized and directed to issue notice of said call for redemption of the subject Series 1982 Bonds to the places of payment named in said Bonds, to wit, InterFirst Bank Fort Worth, N.A., Fort Worth, Texas, formerly The First National Bank of Fort Worth, .Fort Worth, Texas, BancTEXAS Dallas, N.A., Dallas, Texas, formerly the National Bank of Commerce of Dallas or at Morgan Guaranty Trust Company of New York, New York, New York, and which said notice is to be mailed or delivered so as to be received by said banks not less than thirty (30) days prior to the date fixed for redemption of said Bonds and to have such notice published at least one time in a newspaper (as defined in the 1968 Regional Airport Concurrent Bond Ordinance) and in a financial publication published in the City of New York, New York, such published notice to appear not less than thirty (30) days prior to May 1, 1992, the redemption date herein designated. Section 4. That the Bonds described in said notice shall be presented for redemption in accordance with said notice at the respective banks of payment and shall not bear interest after the date provided for their respective redemptions. Section 5. That the Notice of Redemption to be issued and published by the Dallas-Fort Worth Regional Airport Board shall be substantially in the following form• rdOTICE OF REDEMPTION DAF;LA~=FORT WORTH REGZ~IVAL "AIRPORT JOINT REVENUE BONDS , SERIES 1982, MATURING ON NOVEMBER 1 IN EACH OF THE YEARS 1992, 1993, 1994, 2002 and 2012 NOTICE is hereby given that the Cities of Dallas and Fort Worth, Texas have called for redemption the Dallas-Fort Worth Regional Airport Joint Revenue Bonds, Series 1982, dated March 1, 1982, aggregating $93,935,000 in principal amount, maturing on November 1 in each of the years and numbered as follows: Year Numbers 1992 1214 - 1446 1993 1447 - 1707 1994 1708 - 2000 2002 2001 - 6000 2012 6001 - 20000 The date fixed for redemption of these Bonds is May 1, 1992, and said Bonds shall be redeemed at InterFirst Bank Fort Worth, formerly The First National Bank of Fort Worth, Fort Worth, Texas, BancTEXAS Dallas, N.A., Dallas, Texas, formerly the National Bank of Commerce at Dallas, or at Morgan Guaranty Trust Company of New York, New York, New York, the places of payment for said Bonds. Upon presentation thereof at a place of payment on May 1, 1992, and not before, the holder of these bonds shall be entitled to receive par and accrued interest to said redemption date together with a redemption premium of 2.50 of the principal amount thereof. NOTICE IS FURTHER GIVEN that due and proper arrangements have been made for providing the places of payment of the Bonds toa_,ether with the $6,065,000 aggregate principal amount of other such Series 1982 Bonds maturing on November 1 in eacr. of the years 1984 through 1991 with funds sufficient to pay such bonds not so called at maturity with the interest thereon and all those bonds called hereby for redemption, the interest thereon to the call date and the redemption premium. In the event said bonds so called hereby for redemption on May 1, 1992, or any of them, are not presented for redemption on the date fixed for their redemption, they shall not thereafter bear interest. THIS NOTICE is issued and given pursuant to the option of redemption reserved to the Cities in the proceedings authorizing the issuance of the aforementioned Bonds, in accordance with the recitals and provisions of each of said Bonds and pursuant to authority of a concurrent resolution passed by the City Councils of the Cities of Fort Worth and Dallas on the 9th and 10th days of October, 1984, respectively. WITNESS MY OFFICIAL SIGNATURE, this the 10th day of October, 1984. Ernest E. Dean, Executive Director, Dallas-Fort Worth Regional Airport Board t. -a, •L~y, .~ Section 6. This ordinance shall be effective immediately upon its passage by both Cities. PASSED AND CORRECTLY ENROLLED October 10, 1984. ~ ~ ~/ ~ yy/ ~ ~ ~" J ~ ~eM1 r~~_ 1~ J SEAL~"~' .=~ ~ ' ~~( ,)~ w S i'~4 ~ 1 -I x 4 !r ATTEST z~- ,, ,~ _^~ ~.= 1 ,~ ~ ~ s ,. ~.o, ' ~ e~~~~ •, c City ~Se.cretary, City o Texas APPROVED AS TO FORM: city Httorney, pity o Texas Passed October 9, 1984 (SEAL) ATTEST: City Secretar ,City of Fort Worth, Texas A ROVED AS TO FORM AND LEGALITY: City Attorney, City of Fort Warth, Texas Dallas, as, Mayor, City of Dallas, Texas Pro Tem ~ ~~ v ~~- Mayor, City of Fort Worth, Texas ~` ~~ ~' ~ r, r ~ ~ ~ '~ y i ~ ; f ~ ~r h ~ er r = ~ r ~~~ ~ Y ~ ~ ~' A ~ ~^ ~ ~ ~ ~: r .. ~ f~~ ~~^ ~ ~ ~ ~ ~ ~.'rlrr -. .~. ~ ~.~.,~'9-. ,, ~.~~ .