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HomeMy WebLinkAboutResolution 1021 RESOLUTION NO. Q� RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WORTH AUTHORIZING AND APPROVING AN AMENDMENT TO THE ARTICLES OF INCORPORATION, BYLAWS AND BOND PROCEDURES OF FORT WORTH AIRPORT IMPROVEMENT AUTHORITY, INC. , CHANGING THE NAME OF SUCH CORPORATION TO LONE STAR AIRPORT IMPROVEMENT AUTHORITY, INC. WHEREAS, FORT WORTH AIRPORT IMPROVEMENT AUTHORITY, INC. (the "Issuer") was created under the auspices of the City of Fort Worth, Texas (the "City") ; and WHEREAS, the Development Corporation Act of 1979, V.A.T.C.S. , Article 5190. 6, as amended (the "Act") authorizes the City Council to amend the Articles of Incorporation, Bylaws and Bond Procedures of the Issuer; and WHEREAS, the City Council has found and determined and hereby finds and determines that all prerequisites of law have been satisfied; and WHEREAS, the City Council by this Resolution desires and intends to take all steps necessary for the adoption of an Amendment which changes the name of the Issuer to Lone Star Airport Improvement Authority, Inc. (the "Amendment") ; and WHEREAS, the meeting at which this Resolution is considered is open to the public as required by law, and public notice of time, place and purpose of said meeting was given as required by Article 6252-17, Vernon' s Texas Civil Statutes, as amended. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: Section 1 . That the findings and declarations contained in the preamble to this Resolution are hereby repeated and incorporated herein as part of this Resolution. Section 2 . That the City Council hereby adopts the Articles of Amendment attached hereto as Exhibit "A", and authorizes the Mayor and the City Secretary of the City to execute the same and to file the same with the Secretary of State in accordance with the requirements and provisions of the Act. Section 3. That the City Council hereby adopts the Resolution of the Issuer amending the Bylaws and Bond Procedures attached hereto as Exhibit "B", and authorizes the Mayor and City Secretary of the City to execute the same. Section 4. That this Resolution shall take effect immediately from and after its adoption. PASSED AND APPROVED this `} x day of Pe c e✓— i9C , 1984. Mayo City of For orth, Texas ATTEST: City Secretary, _,City of Fort-\Worth, Texas (SEAL) APPROVED AS TO FORM: City Attorney, City of Fort Worth, Texas Exhibit A ARTICLES OF AMENDMENT TO THE ARTICLES OF INCORPORATION OF FORT WORTH AIRPORT IMPROVEMENT AUTHORITY, INC. Pursuant to the provisions of the "Development Corporation Act of 1979" , the undersigned corporation adopted the following Articles of Amendment to its Articles of Incorporation which: changes the name of the corporation from Fort Worth Airport Improvement Authority, Inc. to Lone Star Airport Improvement Authority, Inc. ARTICLE ONE The following amendment to the Articles of Incorporation was adopted on December 4, 1984. "Article One of the Articles of Incorporation is hereby amended to read as follows: The name of the corporation is Lone Star Airport Improvement Authority, Inc. ARTICLE TWO The amendment was adopted at a meeting of the City Council held on December 4 , 1984, and received the vote of a majority of the Councilmembers in office, there being no Councilmembers having voting rights in respect thereof. Dated 1-?e- c c rv` be 19 � '- _. .ZL CIT OF F RT WORTH, X By Mayor, �,• City of Fort Worth, Texas -• and City Secretary, City of Fort Worth, Texas STATE OF TEXAS COUNTY OF TARRANT I, the undersigned, a Notary Public, do hereby certify that on this 4th. day of December , 1984, personally appeared before me Bob Bolen and Ruth Alexander. , Who, eadh being by me first duly sworn, severally decla�tea that thOy ate the permons who Aighod the faregoing documont as Mayor and City Secretary of the City of Fort Worth, Texas, and that the statements therein contained are true. IN WITNESS WHEREOF, I have .hereunto set my hand and seal the day and year above written. Notes y Pu is in and for Tarrant County, Texas (SEAL) My commission expires: ,��_A5 Exhibit B RESOLUTION AUTHORIZING THE AMENDMENT OF THE BYLAWS AND BOND PROCEDURES OF FORT WORTH AIRPORT IMPROVEMENT AUTHORITY, INC. CHANGING THE NAME OF THE AUTHORITY AND MAKING OTHER CHANGES WHEREAS, Fort Worth Airport Improvement Authority, Inc. (the "Authority") is a non-profit industrial development corporation duly organized pursuant to the Development Corporation Act of 1979, as amended (the "Act") , and acting on behalf of the City of Fort Worth, Texas (the "City") ; and WHEREAS, the City is expected to adopt an Article of Amendment to the Articles of Corporation of the Authority, changing the name of the Authority to "Lone Star Airport Improvement Authority, Inc. " ; and WHEREAS, the Bylaws of the Authority require the Board of Directors to approve any amendment to the Bylaws; and WHEREAS , the Act requires the Authority to file with the Texas Economic Development Commission its Bond Procedures and Fee Schedule; and WHEREAS, the Board of Directors finds it necessary and advisable to adopt this Resolution. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF FORT WORTH AIRPORT IMPROVEMENT AUTHORITY, INC. THAT: Section 1 . The Bylaws of the Authority are hereby amended such that any reference therein to "Fort Worth Airport Improvement Authority, Inc. " shall read "Lone Star Airport Improvement Authority, Inc. " and any reference to "Texas Industrial Commission" shall read "Texas Economic Development Commission. " Section 2. The Bond Procedures and Fee Schedule of the Authority are hereby amended in the same manner as set forth in Section 1 of this Resolution. Section 3 . Upon this Resolution becoming effective, the Secretary of the Board of Directors is hereby authorized and directed to file, or cause to be filed, a copy of this Resolution with the Texas Economic Development Commission, evidencing the filing required by the Act of any change to the Bond Procedures and Fee Schedule of the Authority on file with said Commission.