HomeMy WebLinkAboutResolution 1022 RESOLUTION NO. �-
RESOLUTION APPROVING THE RESOLUTION OF THE FORT WORTH
AIRPORT IMPROVEMENT AUTHORITY, INC. AUTHORIZING THE
ISSUANCE OF LONE STAR AIRPORT IMPROVEMENT AUTHORITY,
INC. MULTIPLE MODE DEMAND REVENUE BONDS, ISSUE A OF
1984 AND ISSUE B OF 1984 (AMERICAN AIRLINES, INC.
PROJECT) AND AUTHORIZING THE EXECUTION OF AN INDENTURE
OF TRUST AND A LOAN AGREEMENT RELATING TO EACH OF SAID
ISSUES OF BONDS
WHEREAS, Fort Worth Airport Improvement Authority, Inc.
(the "Issuer") was created under the auspices of the City
of Fort Worth, Texas (the "Unit") ; and
WHEREAS, pursuant to an amendment to its Articles of
Incorporation the Issuer' s name is to be changed to the Lone
Star Airport Improvement Authority, Inc. ; and
WHEREAS, the Issuer is authorized by the Development
Corporation Act of 1979, as amended, Article 5190.6,
Vernon ' s Annotated Civil Statutes (the "Act") to issue
revenue bonds on behalf of the Unit for the purpose of
-, paying all or part of the cost of a "project", as defined in
the Act; and
WHEREAS, the Issuer, by Resolutions adopted December 4,
1984, has authorized the issuance of its Multiple Mode
Demand Revenue Bonds, Issue A of 1984 and Issue B of 1984
(American Airlines, Inc. Project) and the execution and
delivery of an Indenture of Trust and Loan Agreement
relating to each of said issues of bonds; and
. WHEREAS, the Act requires that the governing body of
the Unit approve by written resolution any agreement to
issue bonds approved by the Issuer; and
WHEREAS, it is deemed necessary and advisable that this
Resolution be adopted.
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT:
Section 1 . The "Resolution Authorizing the Issuance of
Lone Star Airport Improvement Authority, Inc. Multiple Mode
Demand Revenue Bonds, Issue A of 1984 (American Airlines,
Inc. Project) and Authorizing the Execution and Delivery of
an Indenture of Trust and a Loan Agreement Relating to Said
Issue of Bonds" , in substantially the form and substance
attached to this Resolution and made a part hereof for all
purposes, is hereby specifically approved, and the Bonds may
be issued as provided for therein.
Section 2. The "Resolution Authorizing the Issuance of
Lone Star Airport Improvement Authority, Inc. Multiple Mode
Demand Revenue Bonds, Issue B of 1984 (American Airlines,
Inc. Project) and Authorizing the Execution and Delivery of
an Indenture of Trust and a Loan Agreement Relating to Said
Issue of Bonds", in substantially the form and substance
attached to this Resolution and made a part hereof for all
purposes, is hereby specifically approved, and the Bonds may
be issued as provided for therein.
Section 3. The Unit recognizes that, pursuant to
Executive Order MW-27, the Bonds require the obtention of a
reservation allocation to the Issuer in order that the Bonds
meet one of the conditions of qualifying as tax-exempt
obligations, and by this Resolution the Unit hereby assigns
to the Issuer its allocable portion of the state private
activity bond volume with respect to the reservation request
to be filed for the Bonds by the Issuer for the Unit.
Section 4. That this Resolution shall take effect
immediately from and after its adoption.
PASSED AND APPROVED this 4th day of December,. 1984 .
Mayor, City of MOE Worth,
Texas
;AST T
City �c etarX,
amity of Fort-Worth, Texas
JtE'D AS T 0
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City Attorney,
City of Fort Worth, Texas