HomeMy WebLinkAboutResolution 1916'F~,ry 'a
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WHEREAS, the City Councils, respectively, of the Cities of Dallas
and Fort Worth authorized the issuance of their
_ Dallas/Fort Worth Regional Airport Braniff Special
Facility Revenue Bonds, Series 1973, which bonds are
dated March 1, 1973, in the denomination of $5,000 each,
and are scheduled to mature and become due and payable on
November 1, 2002; and
WHEREAS, such bonds bear interest evidenced by coupons at a rate
set forth in the Concurrent Bond Ordinance authorizing
the issuance of the said Series 1973 bonds; and
WHEREAS, the following interest coupons on the above-described
Series 1973 bonds, to wit:
Coupon No. 39, Bond No. 2263, and
Coupon No. 39, Bond No. 2913,
interest payments on both of such
coupons being due November 1, 1992
• (the "Lost Coupons")
have matured and are unpaid; and
WHEREAS, an affidavit dated January 20, 1993, in due form has been
received from Thomas F. Grabowski, Vice President of
Kemper Clearing Corp., the party entitled to receive
interest payments on the Lost Coupons, stating that such
Coupons are lost, which affidavit is on file with the
Director of Finance of the Dallas/Fort Worth
International Airport; and
WHEREAS, Kember Clearing Corp. has provided acceptable indemnity
for the Lost Coupons to the City of Fort Worth, the City
of Dallas, the Dallas/Fort Worth International Airport
Board and paying agent; and
WHEREAS, the Cities of Fort Worth and Dallas are authorized to
direct the paying agent for the Series 1973 bonds to make
the payments due on the Lost 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 above-described Series 1973
bonds is hereby authorized and directed to make the interest
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payments in the total amount of $153.15 to Kemper Clearing Corp.,
111 E. Kilbourn Avenue, Milwaukee, Wisconsin 53202, on Coupon No.
39, Bond No. 2263, and Coupon No. 39, Bond No. 2913, which interest
payments were due on November 1, 1992.
• 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 payment of interest on the Lost Coupons
to Kemper Clearing Corp.
ADOPTED this ~~~i'~-day of , 1993.
APPROVED AS TO FORM AND LEGALITY:
City Attorney q
Date : 5 - 1 ~ ~ 1 3
ADOPTED: ~,~o? ~ `f
EFFECTIVE :~~~ ~~
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