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'~ ,EXHIBIT A
DALLAS-FORT WORTH REGIONAL AIRPORT CONCURRENT
REPLACEMENT BOND ORDINANCE (SERIES 1978, BOND NO. 1808)
CITY OF DALLAS ORDINANCE NO. //n
CITY OF FORT WORTH ORDINANCE NO. 9z 7"y
An ordinance passed concurrently by the City Councils,
respectively, of the Cities of Dallas and Fort Worth,
authorizing the issuance of a $5,000.00 replacement bond to
replace Bond Number 1808 of Dallas-Fort Worth Regional
Airport Joint Revenue Bonds, Series 1978 and resolving other
matters relating to the subject.
WHEREAS, the Cities of Dallas and Fort Worth by
ordinance passed concurrently on April 4, 1978 and April 5,
1978, authorized the issuance of and sold their Dallas-Fort
Worth Regional Airport Joint Revenue Bonds, Series 1978, in
the aggregate principal amount of $30,000,000.00, dated
April 1, 1978; and
WHEREAS, one bond of the above described Series of
bonds, to-wit:
Bond Number 1808 in the denomination of $5,000.00, and
bearing interest at the rate of 6.10 per annum,
payable semiannually on each November 1 and May 1
(Interest Coupon No. 1 and subsequent coupons
appertaining thereto unpaid), and maturing November 1,
2007 (the "Bond")
is outstanding and unpaid; and
WHEREAS, an affidavit in due form verified by Anne
Shannon Gibbons (the "Owner"), to the effect that on or
about May, 1978 it was discovered that the bond had been
lost from the premises of the Owner and could not be found
after a diligent search of the Owner's premises, has been
received and is on file in the offices of the Director of
Finance of the Dallas-Fort Worth Regional Airport, and such
affidavit has been accepted by the City Councils of Dallas
and Fort Worth as sufficient evidence that the Bond has been
last, within the meaning of Article 715a of the Revised
Civil Statutes of Texas, and a certified copy of such
affidavit is attached hereto as a permanent part hereof; and
WHEREAS, at the time the loss occurred, Coupon Number
1, coming due on November 1, 1978, and subsequent coupons
were attached to said Bond, and therefore neither said
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coupon nor any subsequent coupons have been presented for
payment; and
WHEREAS, the owner of said Bond and appurtenant coupons
desires that a replacement bond be issued to replace the.
aforesaid lost Bond and appurtenant coupons; and
WHEREAS, by Acts 1965 of the 59th Legislature of the
State of Texas, Chapter 334, commonly known as Article 7i5a
of the Revised Civil Statutes of Texas, the City Councils of
Dallas and Fort Worth are authorized to issue without an
election bonds to replace any bonds theretofore lawfully
issued which are outstanding and which have been destroyed,
lost or stolen, provided that such replacement bonds may be
issued only upon indemnification satisfactory to the Cities
establishing proof of ownership and the circumstances of the
loss, theft or destruction of the bonds for which
replacement bonds are being sought; and
WHEREAS, Bond of Indemnity No. K O 18 42 46 8 dated May
9, 1983, and executed by an authorized representative of
Insurance Company of North America, as obligor, has been
received and is on file in the office of the Director of
Finance of the Dallas-Fort Worth Regional Airport and such
Bond of Indemnity is acceptable to the City Councils of
Dallas and Fort Worth as sufficient indemnity under the
provisions of Article 715a of the Revised Civil Statutes of
Texas, and a certified copy of such Bond of Indemnity No.
K O 18 42 46 8 is attached hereto as a permanent part
hereof.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF DALLAS:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH:
Section 1. That there is hereby authorized to be
issued a replacement bond to replace the Bond. Said
replacement bond and the interest coupons appertaining
thereto shall be in the same form and in all respects of
like tenor and effect as the Bond, and the interest coupons
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appertaining thereto, except that such replacement bond and
the interest coupons appertaining thereto shall be signed
manually, or in facsimile, as provided by law, by the proper
officials holding office at the time of their issuance, and
that no interest coupon shall mature prior to November 1,
1978.
Section 2. That said replacement bond shall be dated
April 1, 1978, which is the date of the Bond.
Section 3. That said replacement bond and all interest
coupons appertaining thereto shall have the letter "R"
preceding the Bond Number and following the Interest Coupon
Number.
Section 4. That after said replacement bond has been
executed, it shall be the duty of the Chairman of the Board
of Directors of the Dallas-Fort Worth Regional Airport or
same officer, employee or attorney of the Board acting
through authority from him, to deliver said replacement bond
to the Attorney General of Texas for examination and
approval. After approval by the Attorney General of. Texas,
said replacement bond shall be delivered to the Comptroller
of Public Accounts of the State of Texas far registration.
The replacement bond thus registered shall remain in custody
of the Chairman of the Board, or subject to his order, until
the delivery thereof to the owner of the original Bond being
replaced thereby.
Section 5. That the Comptroller of Public Accounts of
the State of Texas is hereby authorized and directed to
register the replacement bond in the same manner as the
original Bond was registered, giving it the same
registration number as the original Bond except that such
number shall be preceded by the Letter "R". The Comptroller
shall date his registration certificate as of the date of
registration of the replacement bond.
Section 6. That all provisions of the ordinance passed
by the City Councils of Dallas and Fort Worth on April 5,
1978 and April 4, 1978, respectively, authorizing the
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series of bonds of which the Bond was a part and which are
not in conflict with this ordinance are hereby adopted by
reference and shall be a part of this ordinance.
Section 7. That the preparation and passage of this
ordinance by the City Councils of Dallas and Fort Worth and
the adoption of the resolution recommending same by the
Board of Directors of the Dallas-Fort Worth Regional Airport
and the performance of each and ever, all and singular, the
acts ordered hereby and all acts- or expenditures incidental
thereto shall be at no cost to the City of Dallas, the City
of Fort Worth, or the Dallas-Fort Worth Regional Airport and
shall be borne entirely by and be the sole liability of the
Owner of the lost Bond which has requested the issuance of
replacement securities as provided herein.
Section 8. This ordinance may be executed in
counterparts, and when duly passed by both Cities, and
separate counterparts are duly executed by each City, the
ordinance shall be in full force and effect.
Mayor of the City of Fort
Worth, Texas
ATTEST:
City Secretary of the City of
Fort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attorney of t e City o
Fort Worth, Texas
Mayor of the City of Dallas,
Texas
ATTEST:
City Secretary o t e City o
Dallas, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attorney o t e City of
Dallas, Texas
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PASSED: , 1984
CORRECTLY ENROLLED: , 1984
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DATE REFERENCE SUBJECT Concurrent Ordinance Of the Citie PAGE
10/16/84 NUMBER
**G-6135 of Fort Worth and Dallas Authorizin the l
f
r
Issuance of a $5,000 Replacement D FW o
Airport Joint Revenue Bond to Replace
Bond No. 1808, Series 1978
Background
Bond No. 1808, Series 1978, in the denomination of $5,000.and bearing interest at
the rate of 6 10 percent per annum, payable semi-annually and maturing November
1, 2.007, presently is outstanding and unpaid Anne Shannon Gibbons has filed
as affidavit in due form and verified that she was the owner of said bond in
May, 1980, and that such bond was lost from the premises of the owner at that
time This affidavit is on file with the Director of Finance of the Dallas-
Fort Worth Regional Airport Anne Shannon Gibbons, as principal, and Insurance
Company of North America, as surety, have posted an indemnity bond as sufficient
indeminity under the provisions of Article 715a of the Revised Civil Statutes of
Texas,. to protect the Cities of Dallas and Fort Worth if such bond or any
interest coupon is ever presented for payment This indemnity bond is on file
with the Director of Finance of the Dallas-Fort Worth Regional Airport
The Dallas-Fort Worth Regional Airport Board by Resolution 84-163, adopted
September 11, 1984, requested and recommended that the City Councils of the Cities
of Fort [Worth and Dallas pass an ordinance to authorize replacement bonds for
Bond No 1808, Series 1978
It is understood and agreed with the owner of the above bond that the prepa'rat-ion
and adoption of this ordinance and the performance of each. and every act ordered
by such ordinance and any act or expenditure incidental thereto shall be at no
cost to the City of Fort Worth, the City of Dallas or the Dallas-Fort Worth
Regional Airport and shall be borne entirely and be the sole liability of Anne
Shannon Gibbons, the owner of the above-described bond
It is the opinion of the Department of Law that all required conditions precedent
to the passage of this concurrent ordinance have been satis.fi.ed and that the
indemnity bond is sufficient to indemnify the City of Fort Worth in the event
Bond No 1808, Series 1978, or any interest coupon thereon is' ever presented for
payment
Recommendation
It is recommended that the attached concurrent ordinance authorizing the issuance
of a replacement Dallas-Fort Worth Regional Airport Bond be ~l~~E~'~tte City
Council of the City of Fort Worth
CITY COUNCIL
WA j c
Attachment OCT 16 .1984
City Seoretnry of the
SUBMITTED FOR THE /
CITY MANAGER'S h
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DISPOSITION BY COUNCIL.
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PROCESSED BV
FFI(:F BY / ~ / PROVED
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ORIGINATING
DEPARTMENT HEAD: Wade Adk1nS '- OTHER (DESCRIBE)
CITY SECRETARY
FOR ADDITIONAL INFORMATION
CONTACT Wade Adkins Ext 7623 ,~~,
Adopted Ordinanco Noti ~~
DATE