HomeMy WebLinkAboutResolution 1281Resolution ?r.oiuum mo ?/
NO. 14fZ
WHEREAS, pursuant to applicable laws, including Article 1269j-5.11
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
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, two interest coupons on the above-described Series 1972
bonds, to wit:
Coupon No. 30, Bond No. 10121, due May 1, 1987,
and
Coupon No. 28, Bond No. 13732, due May 1, 1986
(the "lost coupons")
have matured and are unpaid; and
WHEREAS, affidavits dated September 9, 1987, and September 21,
1987, in due form signed by Frederick O'Neill, a duly
authorized agent, have been received from Depository Trust
Company, New York, New York, the party entitled to receive
interest payments on the lost coupons, stating that such
coupons are lost, which letter is on file in the office of
the city Secretary; and
OF FORT NOR=
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WHEREAS, the Depository Trust Company has provided acceptable
indemnity for the lost coupons to each of the Cities, the
Dallas-Fort Worth International Airport Board an 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; 4
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
SECTION 1.
THAT BancTexas Dallas, N.A., and /or Morgan Guaranty Trust
Company of New York, individually and/or as Trustees, Depositary,
Fiscal, Paying or Disbursing Agent, Registrar and/or Transfer Agent,
and any other Trustees, Depositaries, Fiscal, Paying or Disbursing
Agent, 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 Depository Trust Company, New
York, New York, on Coupon No. 30, Bond No. 10121 and Coupon No. 28,
Bond No. 13732.
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 coupons to the Depository Trust
Company, New York, New York.
ADOPTED this day of 1987.
.1 C
APPROVED AS TO FORM AND LEGALITY:
Anvom
CITY BY
City Attorney ")UNL
Date: NOV 10 p
city secretary of the
(? City of Fort Worth, Texan
? 1 1
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