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EXHIBIT A
DALLAS-FORT WORTH REGIONAL AIRPORT CONCURRENT
REPLACEMENT BOND ORDINANCE (SERIES 1982, BOND NO. 12935)
CITY OF DALLAS ORDINANCE NO. /~
CITY OF FORT WORTH ORDINANCE NO. ~~[.-~`~'
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 12935 of Dallas-Fort Worth Regional
Airport Joint Revenue Bonds, Series 1982 and resolving other
matters relating to the subject.
WHEREAS, the Cities of Dallas and Fort Worth by
ordinance passed concurrently on March 3, 1982, authorized
the issuance of and sold their Dallas-Fort Worth Regional
Airport Joint Revenue Bonds, Series 1982, in the aggregate
principal amount of $10,000,000.00, dated March 1, 1982; and
WHEREAS, one bond of the above described Series of
bonds, to-wit:
Bond Number 12935 in the denomination of $5,000.00, and
bearing interest at the rate of 13.50 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,
2012 (the "Bond")
is outstanding and unpaid; and
WHEREAS, an affidavit in due form verified by
Prudential-Bache Securities Inc. (the "Owner"), to the
effect that on or about October, 1982 it was discovered that
the bond had been lost in shipment via the United States
mail and it is believed that the bond has been lost,
destroyed or wrongfully taken, 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 lost, 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
I, coming due on November 1, 1982, and subsequent coupons
were attached to said Bond, and therefore neither said
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 715a
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. FF 65891 92099-3278
dated December 15, 1983, and executed by an authorized
representative of Federal Insurance Company, 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.
FF 65891 92099-3278 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
,~ - s
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 I,
1982.
Section 2. That said replacement bond shall be dated
March 1, 1982, 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
some 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 for 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 March 3,
1982 authorizing the 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 o Fort
Worth, Texas
ATTEST:
City Secretary of the City of
Fort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attorney o t e City of
Fort Worth, Texas
Mayor of the City o Da las,
Texas
ATTEST:
City 5ecre ary o t e City o
Dallas, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attarney of t e City o
Dallas, Texas
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PASSED: -
CORRECTLY ENROLLED: - 1984
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DATE, REFERENCE SUBJECT Cities of Fort Worth and Dallas PAGE
10/16/84 NUMBER
**G-6136 Authorizing the Issuance of a $5,000 1
1
f
Replacement D/FW Airport Joint Revenue o
_ Bond to Replace Bond No. 12935,Series
1982
Background:
Bond No. 12935, Series 1982, in the denomination of $5,000 and bearing interest
at the rate of 13.50 percent per annum, payable semi-annually and maturing
November 1, 2012, presently is outstanding and unpaid. Prudential-Bache
Securities, Inc., has filed an affidavit in due form and verified that it 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
'o'f'~'_ F~tYrariee~ of the Dallas/Fort Worth Regional Airport. Prudential-Bache
Securities, Inc., as principal, and Federal Insurance Company, as surety, have
posted an indemnity bond as sufficient indemnity 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 ever is 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 Dallas and Fort Worth pass an ordinance to authorize replacement bonds
for Bond No. 12935, Series 1982.
It is understood and agreed with the owner of the above bond that the prepara-
tion 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
Prudential-Bache Securities, Inc., the owner of the above-described bond.
It is the opinion of the Department of Law that all required conditions prece-
dent to the passage of this concurrent ordinance have been satisfied and that
the indemnity bond is sufficient to indemnify the City of Fort Worth in the
event Bond No. 12935, Series 1982, or any interest coupon thereon is ever pre-
sented for payment.
Recommendation:
It is recommended that the attached concurrent ordinance author
~~ issu-
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II
ance of a replacement D/FW Airport Bond be adopted by the C>Q~$
~6~ f the
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City of Fort Worth. CITY COU
WA:imm
OCT 16 1984
SUBMITTED FOR THE
CITY MANAGER'S ~~~ 1 ~ ~ ~ ~ D18POSITION BY COU~}CI
1tY~eCLeta=7- of the
P PROCESSED BY
AFFICE BY: ~Y! JJJ t~ llliiilll___ ^ A
PROVE9
ORIGINATING ^ OTNER (D RISE)
DEPARTMENT NERD: Wade Adkins CITY SECRETARY
CTTIONAL INFORN~~1 Adk1nS EXt. 7623
T Adopted Ordnance No,~
CON
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