HomeMy WebLinkAboutResolution 1511-~
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RESOLUTION APPROVING A RESOLUTION OF ~oLU~ctort No.
ALLIANCEAIRPORT AUTHORITY, INC.
WITH RESPECT TO THE ISSUANCE OF BONDS FOR
AMERICAN AIRLINES,. INC.
k~~ 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 of $ ,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 Lease
Agreement between the Company and the Corporation, 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 of $_,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.
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APPROVED AS TO FORM:
ty Attorney
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APPROVED BY
cmr cou~ci~
~~M~~AII~~R ,, //8 1990
Kam. `7Jex1d.~, 1
City Secseta:y of the
City of Fbct Worth, Tezc~
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