HomeMy WebLinkAboutResolution 1320
NO. ~~°~~
pursuant to applicable laws, including Article 1269j-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
y__
f~ bonds; and
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WHEREAS, nterest ev
enced
y coupons at t
e rate
such bonds bear
set forth in the concurrent bond ordinance authorizing
issuance of the Series 1972 bonds; and
WHEREAS, an interest coupon on the above-described Series 1972
bonds, to wit:
Coupon No. 60, Bond No. 9228, due May 1, 2002
(the "lost coupon")
has not yet matured and is unpaid; and
WHEREAS, an affidavit dated January 13, 1988, in due form has been
received from Rauscher Pierce Refsnes, Inc., the party
entitled to receive 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
-2 -
WHEREAS, Rauscher Pierce Refsnes, Inc. 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
Rauscher Pierce Refsnes, Inc., Plaza of the Americas, 2500 RPR
Tower, Lock Box 331, Dallas, Texas 75201 on Coupon No. 60, Bond No.
9228, on May 1, '2002, the date when such interest payment becomes
due and payable.
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 Rauscher
Pierce Refsnes, Inc.~/9~~
ADOPTED this _~%(i/ day of 1988.
A.~P\PROVED,A{S TO FO ND~LEGALITY:
city Attorney APPROVED DY
Date: .3 ~ ~-' - b b CITY COUNCIL
MAR 29 1988
O (~ ccc~ se~a~a~ of the
(~ I ~ Citq of Fort Worth, Texog
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