HomeMy WebLinkAboutResolution 1773~~ r
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RESOLUTION APPROVING A RESOLUTION OF ,, /~~?
• ALLIANCEAIRPORT AUTHORITY, INC. ........~: ~o.___ J
WITH RESPECT TO THE ISSUANCE OF BONDS FOR
AMERICAN AIRLINES, INC.
- WHEREAS, AllianceAirport Authority, Inc. (the "Corporation")
was created under the auspices of the City of Fort Worth; and
WHEREAS, notice of a public hearing on the Project (as defined
in the Facilities Agreement attached hereto), as required by
Section 147 of the Internal Revenue Code of 1986, as amended (the
"Code"), was published in a newspaper of general circulation in the
City at least 14 days prior to such public hearing; and
WHEREAS, it is deemed necessary and advisable that this
Resolution be adopted. ,
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH THAT:
Section 1. The "Facilities Agreement by and between American
Airlines, Inc.(the "Company") and AllianceAirport Authority, Inc.",
in substantially the form and substance as attached to this
Resolution and made a part hereof for all purposes, is hereby
approved, and revenue bonds in the principal amount not to exceed
$_,000,000 (the "Bonds"), may be issued for the purpose of paying
the cost of acquiring and constructing or causing to be acquired
and constructed the Project as defined and described therein, which
Project is in compliance with the Development Corporation Act of
1979, as amended, and the rules promulgated thereunder by the Texas
Department of Commerce; and said Project is hereby approved.
Section 2. The resolution adopted by the Corporation
authorizing the execution of the Facilities Agreement, the Bond
Purchase Agreement among the Company, the Corporation and the
underwriters named therein, and the Trust Indenture by and between
the Corporation and as Trustee, and
authorizing the sale of the Bonds and the use of an Official
Statement in connection with the sale of the Bonds, in
substantially the form and substance attached,to this Resolution
and made a part hereof for all purposes, are hereby specifically
approved, and the Bonds may be issued as provided for therein.
Section 3. The City Council of the City of Fort Worth hereby
authorizes the Mayor to approve the issuance of the aforesaid Bonds
in the principal amount not to exceed $250,000,000 for American
Airlines, Inc., and such approval shall be solely for the purposes
of Section 147 of the Code, as amended, and the City of Fort Worth,
Texas shall have no liabilities for the payment of the Bonds nor
shall any of its assets be pledged to the payment of the Bonds; and
by executing the Certificate page accompanying this Resolution, the
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• Mayor thereby evidences the approval of the Bonds for the limited
purposes described in Section 147 of the Code.
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