HomeMy WebLinkAboutResolution 885 RESOL UrTIOIT FILE NO.
RESOLUTION NO.
A RESOLUTION APPROVING ISSUANCE BY FORT WORTH
AIRPORT IMPROVEMENT AUTHORITY, INC. OF AN ISSUE IN THE
AMOUNT OF $29,000,000 OF FORT WORTH AIRPORT
IMPROVEMENT AUTHORITY, INC. AIRPORT IMPROVEMENT
REVENUE BONDS (AMERICAN AIRLINES PROJECT) SERIES 1982;
AND APPROVING THE RESOLUTION OF THE ISSUER
AUTHORIZING THE BONDS AND ALL AGREEMENTS
AUTHORIZED THEREBY
WHEREAS, City of Fort Worth (the "Unit") has approved and authorized the
creation of the Fort Worth Airport Improvement Authority, Inc. (the "Issuer"), as a
duly authorized authority and instrumentality of the Unit, pursuant to the provisions
of the Development Corporation Act of 1979, as amended, Article 5190.6, Vernon's
Annotated Civil Statutes (the Act"); to act on behalf of the Unit to promote and
develop industrial and manufacturing enterprises; and
WHEREAS, the Issuer is authorized by the Act to issue its revenue bonds on
behalf of the Unit for the purpose of loaning the proceeds thereof for the purpose of
paying all or part of the cost of a "project," as defined in the Act; and
WHEREAS, the Issuer, by resolution (the "Bond Resolution") adopted
�s November 16, 1982, has authorized the issuance and sale of an issue of revenue bonds
in the amount of S29,000,000 of its Airport Improvement Revenue Bonds (American
Airlines Project) Series 1982 and by the Bond Resolution has authorized certain
agreements and documents in connection therewith with American Airlines, Inc. and
others; and
WHEREAS, the Act requires that the governing body of the Unit approve by
smitten resolution any agreement to issue the bonds approved by the Issuer; and
WHEREAS, after review, this City Council, through the adoption of this
resolution, hereby approves the Bond Resolution and all agreements and documents
approved therein and makes the findings required by the Act in order to approve the
Project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FORT
WORTH, TEXAS:
Section 1. The Unit, acting through this City Council, hereby approves
the Bond Resolution and agreements'and Bonds therein authorized, for the purposes
therein described and referred to in the preambles hereof, a copy of which is on file
among, the records of this meeting.
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Section 2. This resolution shall take effect immediately from and after
its adoption.
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PASSED AND APPROVED this 16th day of November, 1982.
NEW
Mayor, City of Fort Worth, Texas
ATTEST:
City S retary, City of Fort Worth, T xas
(SEAL]
APPROVED AS TO FORM:
City Attorney
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