HomeMy WebLinkAboutResolution 1791
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RESOLUTION APPOINTING A SUCCESSOR PAYING
AGENT/REGISTRAR FOR THE CITY OF FORT WORTH,
TEXAS WATER AND SEWER SYSTEM REVENUE BONDS,
SERIES 1984, SERIES 1984-A, SERIES 1985.,
SERIES 1986, SERIES 1986A, AND RESOLVING OTHER
MATTERS RELATED THERETO
•
WHEREAS, the City of Fort Worth has outstanding the following
issues of bonds: City of Fort Worth, Texas Water and Sewer System
Revenue Refunding Bonds, Series 1984; City of Fort Worth, Texas
Water and Sewer System Revenue Bonds, Series 1984-A; City of Fort
worth, Texas Water and Sewer System Revenue Bonds, Series 1985;
City of Fort Worth, Texas Water and Sewer System Revenue Bonds,
Series 1986; and City of Fort Worth, Texas Water and Sewer System
Revenue Refunding Bonds, Series 1986A (collectively, the "Bonds");
and
WHEREAS, Manufacturers Hanover Trust Company, New York, New
York ("Manufacturers") is the "Paying Agent/Registrar" for the
Bonds; and
WHEREAS, in the ordinances authorizing the Bonds, the City
reserved the right to replace Manufacturers as Paying
Agent/Registrar with a bank or trust company to perform the duties
of paying agent and registrar under said ordinances, upon giving
not less than 60 days written notice to Manufacturers; and
• WHEREAS, the City finds it necessary and advisable to replace
Manufacturers as Paying Agent/Registrar for the Bonds and to
appoint a successor thereto
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
Section 1. That Manufacturers is hereby relieved of its
duties as Paying Agent/Registrar for the Bonds, effective at the
close of business on March 2, 1992.
Section 2. That the City Manager or the designee thereof is
hereby directed to give notice to Manufacturers of the decision of
the City to replace Manufacturers as Paying Agent/Registrar for the
Bonds, in the manner provided in the ordinances authorizing the
Bonds.
Section 3. That Ameritrust Texas National Association
("Ameritrust") is hereby named as the successor paying agent and
registrar for the Bonds, such appointment to become effective at
~ the start of business on March 3, 1992, and thereafter Ameritrust
•~; shall be the "Paying Agent/Registrar" under the ordinances
authorizing the Bonds for all purposes.
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Section 4. That the City Manager or the designee thereof
shall take such steps as may be necessary to effect the change in
the Paying Agent/Registrar as provided for in this Resolution.
Section 5. That this Resolution shall become effective
• immediately upon its adoption.
•
APPROVED BY
ClIY COUNCIL
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