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HomeMy WebLinkAboutResolution 1961~" A Resolution NO. CP 1 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 Passenger Services Special Facilities Revenue Bonds, Series 1972, which included certain bonds dated May 1, 1972 in the denomination of $5,000 each; and WHEREAS, such Series 1972 bonds bore interest evidenced by coupons at the rate set forth in the concurrent bond ordinance authorizing their issuance; and • WHEREAS, such Series 1972 bonds matured on November 1, 1991; and . WHEREAS, on or about March 18, 1992, Peyton D. Waters, Sr., of ~- Houston, Texas, held the following Dallas/Fort Worth Regional Airport Passenger Service Special Facility Revenue Bond, Series 1972, dated May 1, 1972: Bond Number 2322 (Interest Coupon No. 39 being attached thereto and unpaid), which bond and coupon matured on November 1, 1991 (the "Lost Bond and Coupon"); and WHEREAS, an affidavit dated March 18, 1992, in due form has been received from Peyton D. Waters, Sr., the party entitled to receive payment on the Lost Bond and Coupon, stating that such Bond and Coupon were stolen, destroyed or misplaced on or about March 18, 1992, which affidavit is on file with the Director of Finance of the Dallas/Fort Worth International Airport; and . WHEREAS, Peyton D. Waters, Sr., has provided acceptable indemnity for the Lost Bond and Coupon to each of the Cities, the Dallas/Fort Worth International Airport Board and paying agent; and ~"'h CITY OF FORT WORTH ~. A Resolution WHEREAS, the Cities are authorized to direct the paying agent on the Series 1972 bonds to make the payments due on the Lost Bond and Coupon; 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 1972 bonds is hereby authorized and directed to pay $5,000 in principal plus $150 of accrued interest due on Coupon No. 39 to Peyton D. Waters, Sr., Houston, Texas, as the amounts due on the aforesaid Lost Bond and Coupon. 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 Peyton D. Waters, Sr., on the Lost Bond and Coupon. ADOPTED this day of , 1993. APPROVED AS TO FORM AND LEGALITY: City Attorney Date: ADOPTED: EFFECTIVE: lSi'"( 7 i4J~C© z C9T~' C~r~~~1~tL Nd`d ?~ ,~,;;~ ~ ~~~ pity gtary of the City of Fcrt tYorth, ?exas CITY OF FORT WORTH