HomeMy WebLinkAboutResolution 1073Adopted Resolution No
1073 approving form and
use of official statemen
with regard to General
Purpose Refunding Bond,
Series 1985A - First
Southwest Corp
Council Member Lancaster introduced a resolution and made a motion that it bE
adopted. The motion was seconded by Mayor Pro tempore Williams The resolution wa!
read by the City Secretary The motion, carrying with it the adoption of saic
resolution, prevailed by the following vote:
AYES Mayor Bolen, Mayor Pro tempore Williams, Council Members Zapata
Garrison, Lancaster, Wetherby, Bagsby, Newkirk, and Vance
NOES None
ABSENT None
solution No 1073
The resolution, as adopted, is as follows
RESOLUTION NO 1073
APPROVING THE FORM OF THE OFFICIAL STATEMENT
AND AUTHORIZING ITS EXECUTION BY THE MAYOR AND
CITY SECRETARY AUTHORIZING ITS USE IN THE
PUBLIC OFFERING OF CITY OF FORT WORTH, TEXAS
GENERAL PURPOSE REFUNDING BONDS, SERIES 1985A,
IN ACCORDANCE WITH THE PURCHASE CONTRACT
CONCURRENTLY AUTHORIZED, AND AUTHORIZING THE
MAYOR TO DELIVER EXECUTED COPIES OF SAME TO THE
PURCHASERS OF THE BONDS NAMED IN THE PURCHASE
CONTRACT
THE STATE OF TEXAS
COUNTY OF TARRANT
CITY OF FORT WORTH
WHEREAS, concurrently herewith the City has passed an
ordinance authorizing the issuance of City of Fort Worth, Texas
General Purpose Refunding Bonds, Series 1985A, in the aggregate
principal amount of $372,055,272 55 (the "Bonds"), and
WHEREAS, said ordinance provides therein that the Bonds are to
be sold to the purchasers therein named at the price therein stated
in accordance with the terms of a Purchase Contract, and
WHEREAS, the Purchase Contract requires the City to deliver to
the purchasers of the Bonds executed copies of the Official
Statement substantially in the form dated July 30, 1985, for use in
the public offering of the Bonds, and
WHEREAS, it is the desire of the City to approve the form of
the Official Statement and authorize its execution by the proper
officers of the City
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS
1 That the use of the Preliminary Official Statement
attached hereto is hereby ratified and approved, and the Official
Statement substantially in the form attached hereto and made a part
hereof is hereby in all respects approved by the City Council, and
the Mayor and the City Secretary are hereby authorized to execute
same
2 That upon execution in the manner herein prescribed the
Mayor is hereby directed to deliver executed copies of said
Official Statement to the purchasers of the Bonds named in the
Purchase Contract.
3 That the Official Statement with such appropriate
variations as shall be approved by the Mayor and siad purchasers
shall be used by the said purchasers in the public offering and
sale of the Bonds
4 That this resolution shall be effective immediately upon
adoption
(The official statement referred to in Resolution No 1073 is incorporated in the
proceedings filed of this date and is incorporated herein by reference thereto the same
as in copy herein in full
lopted Ordinance No 94 Council Member Zapata introduced an ordinance and made a motion that it be
•oviding for the issuan adopted The motion was seconded by Council Member Lancaster The ordinance was read
General Purpose by the City Secretary The motion, carrying with it the adoption of said ordinance,
!funding Bonds, Series prevailed by the following vote
185A - First Southwest
,rp