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HomeMy WebLinkAboutResolution 1512-~--APPROVEb BY" CITY COUNCIL MAR 20 1990 RESOLUTION APPROVING A RESOLUTION OF ALLIANCEAIRPORT AUTHORITY, INC. WITH RESPECT TO THE ISSUANCE OF BONDS FOR xtyo4uxfo~t No. ~5I ~~Jr AMERICAN AIRLINES, INC. Citq secieiary of the WHEREAS, AllianceAirport Authority, Inc. (the "Corporation") Cite of Fot[ wB'e~re£deeated under the auspices of the City of Fort Worth; and . WHEREAS, on March 8, 1990, the Corporation adopted a resolution authorizing the sale of bonds in a principal amount not to exceed $300,000,000 to finance facilities for use by American Airlines, Inc. (the "Company"); and WHEREAS, on March 8, 1990, adopted a resolution approving Corporation; and the City Council of the City such resolution adopted by the WHEREAS, the Company has requested that the Corporation issue bonds in an aggregate principal amount of $350,000,000 to finance the "Project" (as defined in the hereinafter referenced Facilities Agreement); 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 $350,000,000 (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 Team Bank, 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 _T issued as provided for therein. ~ Section 3. This Resolution supplements, but does not nullify, the resolution adopted on March 8, 1990 by the City and except as amended by this resolution, the terms and provisions of such resolution adopted on March 8, 1990 shall remain in full force and effect.