HomeMy WebLinkAboutResolution 1725•
RESOLUTION N0. ~/~~
WHEREAS, pursuant to applicable laws, including Article
1269j-5.11 and 46d, V.A.C.S., and a certain contract and
agreement dated as of April 15, 1968 (the "Contract and
Agreement"), 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 (the "1968 Ordinance"), 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 the Cities, authorized the issuance of their
Dallas-Fort Worth Regional Airport Joint Revenue Bonds, Series
1972, which bonds are dated March 1, 1972, in the denomination of
$5,000 each, and mature and become due and payable on November 1
in the years and in the amounts specified in the Concurrent Bond
Ordinance authorizing the issuance of the Series 1972 bonds; and
WHEREAS, such bonds bear interest evidenced by coupons at
the rate set forth in the Concurrent Bond Ordinance authorizing
issuance of the Series 1972 bonds; and
WHEREAS, one interest coupon on one of the above-described
Series 1972 bonds, to wit, Coupon No. 37, Bond No. 4652, due
November 1, 1990 in the amount of $156.25 (the "Lost Coupon") has
matured and is unpaid; and
WHEREAS, an affidavit dated January 15, 1991, in due form
has been received from Mercantile Bank of St. Louis, N.A., the
party entitled to receive the interest payments on the Lost
Coupon, stating that such coupon is lost, which affidavit is on
file in the office of the City Secretary; and
WHEREAS, Mercantile Bank of St. Louis, N.A. has provided
acceptab]e indemnity for the Lost Coupon to each of the Cities,
the Dallas-Fort Worth Airport Board and paying agent for the
Series 1972 bonds; and
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WHEREAS, the Cities are authorized to direct the paying
agent on the 1972 bonds_to make the interest payment on the Lost
Coupon which payment has matured and is unpaid;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section 1.
That the paying agent or agents for the 1972 bonds, are
hereby authorized and directed to make the interest payment of
5156.25 to Mercantile Bank of St. Louis, H.A., 1401 Starling
Drive, St. Louis, Missouri 63126, on Coupon No. 37, Bond No.
4652, due on November 1, 1990, which interest payment is due and
payable.
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 payment of interest on the Lost
Coupon to Mercantile Bank of St. Louis, N.A..
Adopted this ~~-v~~d'ay of ~ /~ ,
Approved as/~t~o Form and Legality:
City Attorneyp
Date: 5 ~ ~
1991.
APPRB~~p gY
CITY COUNCIL
1J1AY ?~ 1991
Ciry Secretory of the -
Cify of For[ Worth, Texas
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