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FORM OF
RESOLUTION OF GOVERNING BODY/EXTRACT 0 MINUTES
Lessee: CITY OF FORT WORTH, TEXAS
Equipment LeaseJPurchase Agreement dated: 1990
PAGE.082
At a duly called meeting of the governing body of Lessee held in
accordance with all applicable legal requirements, including open meeting
laws, on the day of I991, the following resolution was
introduced andadopted:
RESOLUTION AUTHORIZING THE AWARD OF A LEASE/PURCHASE AGREEMENT TO MNC
GOVERNMENT FINANCE AND THE EXECUTION AND DELIVERY OF AN EQUIPMENT
LEASE/PURCHASE AGREEMENT AND RELATED INSTRUMENTS WITH THE ASSIGNEE OF MNC
GOVERNMENT FINANCE, FORD MOTOR CREDIT COMPANY, AND DETERMINING OTHER
MATTERS IN CONNECTION THEREWITH
WHEREAS, the governing body of the City of Fort Worth, Texas
("Lessee"} has determined that a true, and very real need exists for the
Equipment (the "Equipment"} described in the Equipment Lease/Purchase
Agreement (the "Agreement") presented to this meeting; and
WHEREAS, Lessee has taken the necessary steps, including those
relating to any applicable legal bidding requirements, to arrange for the
acquisition of the Equipment; and
WHEREAS, Lessee proposes to enter into the Agreement substantially
in the form presented to this meeting; and
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF LESSEE AS
FOLLOWS:
Section I. It is hereby found and determined that the terms of the
Agreement in the form presented to this meeting and incorporated in this
resolution, are in the best interests of Lessee for the acquisition of
the Equipment.
Section 2. The Agreement is hereby approved. The
of Lessee and any other officer of Lessee who shall have power to
enter into the Agreement with the Assignee of MNC Government Finance,
Ford Motor Credit Company, execute contracts on behalf of Lessee, and
each of them hereby is, authorized to execute, acknowledge and deliver
the Agreement with any changes, insertions and omissions therein as may
~( "`~ be approved by the officers who execute the Agreement, such approval to
`~/' be conclusively evidenced by such execution and delivery of the
Agreement. The of the Lessee and any other
officer of Lessee who shall have power to do so be, and each of them
hereby is, authorized to affix the official seal of Lessee to the
Agreement and attest the same.
.IRN 30 '91 16:57 PRGE.003
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Section 3. The proper officers of Lessee be, and each of them
hereby is, authorized and directed to execute and deliver any and all
papers, instruments, opinions, certificates, affidavits and other
documents and to do or cause to be done any and all other acts and things
necessary or proper for carrying out this resolution and the Agreement. •
The undersigned further certifies that the above resolution has not
been repealed or amended and remains in full force and effect and further
certifies that the within Equipment Lease/Purchase Agreement is the same
as presented at said meeting of the governing body of Lessee.
Date: 1991
{SEAL}
(Secretary C erk}
APP(70VED BY
CITY COUNCIL
/q~FE//B '' //26 1991 •
K~X~ 9~sx/~,_
City Secretary of the
Ciiy of Fort Worth, Teuao
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