HomeMy WebLinkAboutResolution 15466~- ~~®~~$a®g3 Adopted Resolution No, /r _
WHEREAS, pursuant to applicable laws, including Article
~l'2'69•j-5.11 and 46d; V.A.C.S., and a certain. contract and
agreement dated ' ast^{.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,,ll; 1968 ,, and :November
12, 1968 (the "1968 'Ordinance"), authorized the issuance of~and
sold their Dallas-Fort Worth Regional- Airport Joint Revenue
Bonds, Series 1982; and
WHEREAS, pursuant to the rights, powers ;sand authorities
reserved to the Cities, authorized the issuance of their
Dallas-Fort Worth Regional Joint Revenue Bonds, Series 1982,
which bonds are in the den omination of $5,000 each, and mature
and become d ue and payable in the years and in the amounts
specified in the Concurre nt Bond Ordinance authorizing the
of the Series 1982 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 1982 bonds; and
WHEREAS, six interest coupons on the above-described Series
1:982 bonds, to wit:
Coupons due November 1, 1988, on each of the following
bonds - Bonds No. 10304, 13607, 13608, 13609, 13612
and 19815 (the "Lost_Coupons")
have matured and are unpaid;•,and
WHEREAS, an affidavit~_dated April 6, 1440, in due form has
been received from Thomas M. Cotten, agent for First American
Bank of Virginia, Norfolk; ,Virginia, the party entitled to
receive the interest payments';ori~ the Lost Coupons, stating that
such coupons are lost, which affidavit is on file in the office
of the City Secretary; and
-~- REAS, First American Bank of Virginia has provided
.. ~:__p'~:akil;e'indemnity for the Lost Coupons to each of the Cities,
the °Dallas-Fort Worth Airport Board and paying agent for the
Series;1982 bonds; and
~LTY OF FORT FORTH
WHEREAS, the Cities are authorized to direct the paying
~zt on the 1982 bonds to make the interest payments on the Lost
o pons which payments have matured and are 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 1982 bonds, are
hereby authorized and directed to make the interest payment of
$337.50 to First American Sank of Virginia, 3719 E. Virginia
Blvd., Norfolk, Virginia 23502, on the interest coupon on each
of the following bonds:
Bonds No. 10304, 13607, 13608, 13609, 13612 and 19815
due on November 1, 1988 (a total of $2,025), which interest
payments are due and payable.
Section 2.
` ~~ '~ ''{1"hat the Dallas-Fort Worth International Airport Board and
. ~:g,c,_ 'i s 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
Coupons to First American Bank of Virginia.
Adopted this ~~~ day of ~~,(_. 1990.
/ J
A proved as to For d Legality:
City Attorney
Date: ~ '}'`~ _ ~ o
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CITY OF FORT WORTH