HomeMy WebLinkAboutResolution 1862
CERTIFICATE FOR RESOLUTION APPROVING THS ISSIIANCS AND SALE
OF DALLAS-FORT WORTH INTERNATIONAL AIRPORT
FACILITY IMPROVBNBNT CORPORATION
AMERICAN AIRLINES, INC. RSVSN[JS BONDS, SERIES 1992
`i THS STATE OF TEXAS {
COUN'PISS OF TARRANT AND DSNTOH {
CITY OF FORT WORTH {
We, the undersigned officers of the City Council of Fort
Worth, hereby certify as follows:
1. That said Council convened in REGULAR MEETING on the 10th
day of November 1992, at the City Ball, and the roll was called of
the duly constituted officers and members of said City Council, and
all of said persons were present, except the following absentees:
thus constituting a quorum. Whereupon, among other
usiness, the following was transacted at said Meeting: a written
RESOLUTION APPROVING THE ISSUANCE AND SALE OF DALLAS-FORT
WORTH INTERNATIONAL AIRPORT FACILITY IMPROVEMENT
CORPORATION AMERICAN AIRLINES, INC. REVENUE BONDS, SERIES
1992, AND APPROVING DOCUMENTS RELATED THERETO
was duly introduced for the consideration of said City Council and
• read in full. It was then duly moved and seconded that said
Resolution be adopted; and, after due discussion, said motion,
carrying with it the adoption of said Resolution, prevailed and
carried by the following vote:
AYES:
NOES:
2. That a true, full, and correct copy of the aforesaid
Resolution adopted at the Meeting described in the above and
foregoing paragraph is attached to and follows this Certificate;
that said Resolution has been duly recorded in said City Council's
minutes of said Meeting; that the above and foregoing paragraph is
a true, full, and correct excerpt from said City Council's minutes
of said Meeting pertaining to the adoption of said Resolution; that
the persons named in the above and foregoing paragraph are the duly
chosen, qualified, and acting officers and members of said City
Council as indicated therein; and that each of the officers and
members of said City Council was duly and sufficiently notified
officially and personally, in advance, of the time, place, and
purpose of the aforesaid Meeting, and that said Resolution would be
introduced and considered for adoption at said Meeting, and each of
said officers and members consented, in advance, to the holding of
said Meeting for such purpose; and that said Meeting was open to
the public, and public notice of the time, place, and purpose of
BONDS4\DFY4.A0.
said Meeting was given, all as required by Vernon's Ann. Civ. Stat.
Article 6252-17.
SIGNED AND SEALED the ~r~',, day of November, 1992.
i
~~
City Secret-~ ayor
(SEAL)
v
BDNDS4\DFN4.AA
2
CITY OF DALLAS RESOLUTION NO.
CITY OF FORT WORTH RESOLUTION NO.
RESOLUTION APPROVING THE ISSUANCE AND SALE OF DALLAS-FORT
WORTH INTBRNATIONAL AIRPORT FACILITY IMPROVEMBNT
CORPORATION AMERICAN AIRLINES, INC. RSVBN[JE BONDS, SBRIBS
1992, AND APPROVING DOCUMBNTS RELATED THERETO
WHEREAS, with the approval of the Cities of Dallas and Fort
Worth (the "Cities"}, the ,Dallas-Fort Worth International Airport
Facility Improvement Corporation (the "Corporation") was duly
incorporated and is a validly existing Texas non-profit corporation
pursuant to Subsection 14(f) of the Municipal Airports Act, Article
46d, Vernon's Annotated Texas Civil Statutes, as amended; and
WHEREAS, the Corporation, proposes to issue and sell its
"Dallas-Fort Worth International Airport Facility Improvement
Corporation American Airlines, Inc. Revenue Bonds, Series 1992"
(the "Bonds") in an aggregate principal amount of $128,230,000,
having a maturity date of November 1, 2030 and having an interest
rate of 7.258 per annum; and
WHEREAS, notice of a public
defined in the Facilities Agreement
• by Section 147 of the Internal Rev
(the "Code"), will be published
circulation in the Cities at least
hearing; and
hearing on the Projects (as
attached hereto), as required
enue Code of 1986, as amended
in a newspaper of general
14 days prior to such public
WHEREAS, the Articles of Incorporation require the approval of
the Cities prior to the consummation of the sale and delivery of
any bonds, notes, or other form of debt instruments by the
Corporation, which approval must include all agreements, and the
specific uses, and the methods of withdrawal and expenditure, of
the proceeds of such obligations proposed to be issued by the
Corporation, all of which are to be stated and described in the
proceedings approving such obligations; and
WHEREAS, it is the desire of the City Councils of the
respective Cities to approve the issuance and sale of the Bonds and
to approve the "Facilities Agreement," the "Trust Indenture," the
"Guaranty," and the "Bond Purchase Agreement" (collectively, the
"Agreements"), which Agreements set forth the specific uses, and
the methods of withdrawal and expenditure, with respect to the
proceeds of such Bonds;
• NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH THAT:
Section 1. The "Facilities Agreement," the "Trust
Indenture," the "Guaranty," and the "Bond Purchase Agreement," all
in the form and substance submitted herewith, are hereby approved,
BONDS4\DFW4.AA
in full compliance with the Corporation's Articles of
Incorporation, and the Bonds in an aggregate principal amount of
$128,230,000, with a maturity date of November 1, 2030, and having
an interest rate of 7.258 per annum, may be issued in accordance
with and subject to the terms and conditions set forth in the Bond
•r Purchase Agreement for the purpose of paying the cost of acquiring
and constructing or causing to be acquired and constructed the
"Projects" as defined and described in the Facilities Agreement;
and said Projects are hereby approved. The Corporation is hereby
authorized to approve any changes to such documents that do not
result in any material alteration of the terms thereof and do not
in any manner change the specific uses, or methods of withdrawal or
expenditure, of the proceeds of such Bonds. Any such amendments or
modifications must be provided prior to the execution thereof to
the office of each City Attorney.
Section 2. The City Councils of the respective Cities
hereby appoint Richard S. Williams to be the designated Hearing
Officer for a public hearing relating to the Bonds to be held by
the Corporation for purposes of satisfying the requirements of
Section 147 of the Code.
Section 3. The City Councils of the respective Cities
hereby authorize and approve the issuance of the aforesaid Bonds in
the principal amount of $128,230,000 and such approval shall be
• solely for the purposes of Section 147 of the Code and shall have
no liabilities for the payment of the Bonds nor shall any of their
assets be pledged to the payment of the Bonds: Additionally, the
City Councils of the respective Cities hereby authorize each of
their respective Mayors to approve the issuance of the 'Bonds and
the use of the proceeds thereof for the purpose of satisfying the
requirements of Section 147 of the Code.
APPROVED AND ADOPTED BY THE DALLAS CITY COUNCIL, this 11th day
of November, 1992.
•
BONDSG\DFlJ4. AA
APPROVED AND ADOPTED BY THE FORT WORTH CITY COUNCIL, this 10th
day of November, 1992.
~.
Mayor Cit o ~ t Wort , Te s
ATTEST:
~-~R/ ~`G=e=lhE-GL/
City Secretary,
City of Fort Worth, Texas
APPROVED AS TO FORM AND LEGALITY:
City Attorney,
City of Fort Worth, Texas
• [SEAL]
BONDS4\DFN4.AA
5
THE STATE OF TEAS
COUNTY OF DALLAS .
CITY OF DALLAS
I, Robert Sloan, City Secretary of the City of Dallas, Texas,
i do hereby certify:
1. That the above and foregoing is a true and correct
copy of an excerpt from the minutes of the City Council of the
City of Dallas, had in regular meeting, November 11, 1992,
approving the issuance of Dallas-Fort Worth International
Airport Facility Improvement Corporation Amerioan Airlines,
Inc. Revenue Bonds, Series 1992 and approving documents
related thereto, which resolution is duly of record in the
minutes of said City Council.
2. That ,said meeting was open to the public, and public
notice of the time, place and purpose of said meeting was
given, all as required by Vernon's Ann. Texas Civ. St. Article
6252-17, as amended.
WITNESS MY BAND and seal of the City of Dallas, Texas, this
day of November, 1992.
•
(SEAL)
City Secretary, City of Da las, Texas
BDNDS4\DFN4.AA
THE STATE OF TBxAS
CODNTY OF TARRANT
CITY OF FORT WORTH
I, Alice Church, City Secretary of the City of Fort Worth,
• Texas, do hereby certify:
1. That the above and foregoing is a true and correct
copy of a Resolution duly presented and passed by the City
Council of the City of Fort Worth, Texas, at a regular meeting
held on November 10, 1992, approving the issuance and sale of
Dallas-Fort Worth International Airport Facility Improvement
Corporation American Airlines, Inc. Revenue Bonds, Series
1992, and approving documents related thereto, as same appears
of record in the Office of the City Secretary.
2. That said meeting was open to the public, and public
notice of the time, place and purpose of said meeting was
given, all as required by Vernon's Ann. Texas Civ. St. Article
6252-17, as amended.
WITNESS MY HAND and he Official Seal of the City of Fort
Worth, Texas, the J("? day of November, 1992.
• Cit~et~-
City of Fort Worth, Texas
(SEAL)
n
BONDS4\DFW4.AA