HomeMy WebLinkAboutResolution 1315A Resolution ~ - ~ `~ ~°
NO. ~~~~
WHEREAS, pursuant to applicable laws, including Article 1269]-5.11
and 46d, V.A.C.S., and a certain contract and agreement
dated as 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 11, 1968,
and November 12, 1968 (the "1968 Ordinance"), authorized
the issuance of and sold their Dallas-Fort Worth Regional
Joint Revenue Bonds, series 1968; and
WHEREAS, pursuant to the rights, powers and authorities reserved to
the Cities authorized the issuance of their Dallas-Fort
Worth Regional Airport Joint Revenue Bonds, Series 1972,
in the aggregate principal amount of $112,000,000, which
bonds are dated March 1, 1972, in the denomination of
$5,000 each, consisting of 22,400 bonds numbered in direct
numerical order from 1 through 22,400 and which bonds
mature and become due and payable on November 1 in the
years and in the amounts specified in the concurrent bond
Ordinance authorizing the issuance of the Series 1972
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 1972 bonds; and
WHEREAS, an interest coupon on the above-described Series 1.972
- bonds, to wit:
Coupon No. 40, Bond No. 14985, due May 1, 1992
(the "lost coupon")
has not yet matured and is unpaid; and
WHEREAS, an affidavit dated November 16, 1987, in due -form has been
received from Ream V. Miller, the party entitled to re-
ceive the interest payment on the lost coupon, stating.
that such coupon is lost, which affidavit is on file in
the Office of the City Secretary; and
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CllY OP P08T A08T9
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WHEREAS, Ream V. Miller has provided acceptable indemnity for the
lost coupon to each of the Cities, the Dallas-Fort Worth
International Airport Board and paying agent or agents for
the Series 1972 bonds; and
WHEREAS, the Cities are authorized to direct the paying agent on
the 1972 bonds to make the interest payments on the lost
coupon when due;
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 1972 bonds, are hereby
authorized and directed to make the interest payment of $156.25 to
Ream V. Miller, 9 Saddle Brook Drive, Hohokus, New Jersey 07423 on
Coupon No. 40, Bond No. 14985, on May 1, 1992, the date when such
interest payment becomes due and payable.
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SECTION 2.
-THAT the Dallas-Fort Worth International Airport Board and its
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 coupon when due to Ream V.
Miller.
ADOPTED this /C9 day of __~®~%G~ . 1988.
APPROVEll AS TO FORM AND LEGALITY:
City Attorney
Date:
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