HomeMy WebLinkAboutResolution 35 RESOLUTION FILE NO. __§
RESOLUTION
WHEREAS, it is the determination of the City Council of the City of
6 — Fort Worth, Texas (the "City"), that the location of industry in or near the
City will bring immediate and long range advantages to the people of the City;
and
WHEREAS, an experienced operator is desirous of constructing a trailer
manufacturing plant in the City, which plant will employ approximately 400 per-
sons; and
WHEREAS, some interested citizens of the City propose to organize a
non-profit organization, which it is anticipated will be known as Fort Worth
Industrial Development, Inc. (the "Corporation"), for the purpose of acquiring
certain lands in the City, and constructing thereon a manufacturing plant (said
lands and plant being hereinafter called the "Industrial Facility") ; and
WHEREAS, there has been presented to the City copies of the coupon
and fully registered forms of first mortgage bonds (hereinafter called the
"Bonds") which the Corporation, when created, proposes to issue in order to
finance the acquisition and construction of the Industrial Facility, which
forms are attached hereto as Exhibit A, and the City Council has reviewed such
forms and finds nothing therein objectionable to the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council of Fort Worth,
Texas that the formation of the Corporation contemplated as above set is hereby
found to be beneficial to the City for the reasons above set forth, that said
forms of bonds proposed to be issued by the Corporation contain nothing objec-
tionable to the City or nothing which in any way imposes any kind of obligation,
i)urdcn or duL)' on Lhe Ci Ly and Cleat it is Lite CiLy`s iuLenL, if and Lo the ezLenL
permiLLed by lan,7, to accept a gift of the Industrial UaciliLy free of any lien but
subject Lu any 1cases which may then e.;L L Chureon) at Lhe time the Corpurat ion
Lenders it to the City.
_'adopted and approved this 5 day of July 1966.
(S) Willard Barr
Mayor
Attest:
(S) Roy A. Bateman
City Clerk