HomeMy WebLinkAboutResolution 1233A Resolution
NO. _y
WHEREAS, pursuant to applicable laws, including Article 1269j-5.1
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
Airport Joint Revenue Bonds, series 1968; and
WHEREAS, pursuant to the rights, powers and authorities reserved to
the Cities by Section 8.7 of the 1968 Ordinance, 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 numer-
ical 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, two interest coupons on the above-described Series 1972
bonds, to wit:
Coupon No. 29, Bond No. 13719 and
Coupon No. 30, Bond No. 13720
(the "lost coupons")
have matured and are unpaid; and
WHEREAS, a letter dated February 17, 1987, in due form
James 0. Soat, Senior Vice President/Cashier
received from the Citizens National Bank, New
Texas, the party entitled to receive interest
the lost coupons, stating that such coupons
which letter is on file in the office of
Secretary; and
O
m signed by
has been
Braunfels,
payments on
are lost,
f the City
i OF FORT WORTH
a s, ----
WHEREAS, the Citizens National Bank has provided acceptable indem-
nity for the lost coupons to each of the Cities, the
Dallas-Fort Worth International Airport Board and each of
the paying 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
coupons;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
Section 1. THAT InterFirst Bank Fort Worth, N.A., BancTexas
Dallas, N.A., and/or Morgan Guaranty Trust Company of
New York, individually and/or as Trustee, Depositary,
Fiscal, Paying or Disbursing Agent, Reqistrar and/or
Transfer Agent, and any other Trustees, Depositaries,
Fiscal, Paying or Disbursing Agents, Registrars and/
or Transfer Agents for the 1972 bonds, are hereby
authorized and directed to make the interest payments
of approximately $156.25 each to the Citizens
National Bank, New Braunfels, Texas, on Coupon
No. 29, Bond No. 13719 and Coupon No. 30, Bond No.
13720.
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 autho-
rized 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 the Citizens National Bank, New Braunfels,
/?Texas .
ADOPTED this lz"t_day of May, 1987.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Date: 5-a?-S-)
APPROVED BY
CITY C0
COUNCIL
JUN 4 1987
City Secretary of the
City of Fort Worth, Texas
MIT of FORT WORM