HomeMy WebLinkAboutResolution 1914
NO . / .
1~6S0Illtt4[l
WHEREAS, pursuant to applicable laws, including Article 1269]-5.11
and 46d, V.A.C.S., and a certain contract and agreement
dated as of April 15, 1968, between the Cities of Dallas
and Fort Worth (the "Cities"), the City Councils,
respectively, of the Cities, by an ordinance adopted
concurrently on November 11, 1968, and November 12, 1968,
authorized the issuance of and sold their Dallas/Fort
Worth Regional Airport Joint Revenue Bonds, Series 1968;
and
WHEREAS, pursuant to the rights, powers and authorities reserved
.to them, the Cities thereafter authorized the issuance of
their Dallas/Fort Worth Regional Airport Joint Revenue
Bonds, Series 1976, which included certain bonds dated
November 1, 1976 in the denomination of $5,000 each,
numbered in direct numerical order from 9301 to 18700,
both inclusive, which bonds were originally scheduled to
mature and become due and payable on November 1, 1999;
and
WHEREAS, such Series 1976 bonds bore interest evidenced by coupons
at the rate set forth in the concurrent bond ordinance
authorizing their issuance; and
WHEREAS, such Series 1976 bonds were called for redemption on May
1, 1992, at 101$ of par value plus accrued interest; and
WHEREAS, on or about May 13, 1992, Central Fidelity Bank,
Richmond, Virginia, held the following Dallas/Fort Worth
Regional Airport Joint Revenue Bonds, Series 1976, dated
November 1, 1976:
Bonds Numbers 16686, 16687, 16688,
16689, 16690, 16691, 16692, 16693,
16694, 16695, 16696, 16697, 16698,
16699, 16700, 16875, 16876, 16877,
16878, and 16879 (Interest Coupon
No. 32 and subsequent coupons being
attached thereto and unpaid), which
bonds were scheduled to mature on
November 1, 1999 (the "Lost ,Bonds
and Coupons"); and
WHEREAS, an affidavit dated September 24, 1992, in due form has
been received from Central Fidelity Bank, the party
entitled to receive payment on the Lost Bonds and
Coupons, stating that such Bonds and Coupons were lost on
~\ ~
May 13, 1992, which affidavit is on file with the
Director of Finance of the Dallas/Fort Worth
International Airport; and
WHEREAS, Central Fidelity Barik~~has provided acceptable indemnity _
for the Lost Bonds and Coupons to each of the Cities, the
Dallas/Fort Worth International Airport Board and paying
agent; and
WHEREAS, the Cities are authorized to direct the paying agent on
the Series 1976 bonds to make the payments due on the
Lost Bonds and Coupons;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
SECTION 1.
That the paying agent for the Series 1976 bonds is hereby
authorized and directed to pay lOlg of the par value thereof plus
accrued interest to Central Fidelity Bank, Richmond, Virginia, as
the amounts due on the aforesaid Lost Bonds and Coupons.
SECTION 2.
That the Dallas/Fort Worth International Airport Board and its
chairman and officers, and the City Manager of the City of Fort '~
Worth, are hereby authorized and directed to make such
certifications and to execute such instruments as may be necessary
to accomplish the aforesaid payments to Central Fidelity Bank on
the Lost Bonds and Coupons.
ADOPTED this _L1~~~l~ay of ~ , 1993.
APPROVED AS TO FORM AND LEGALITY:
d~ a~-
City Attorney
Date : 5 ~' ~ ~ ~ `~ 3
ADOPTED:~~~~~~j ~j
EFFECTIVE : ~~ ~' ~~~ ~~
-2-