HomeMy WebLinkAbout89-708 04-25-1989RESOLUTION NO. 89 -708
A RESOLUTION approving and authorizing the execution
of a "Paying Agent /Registrar Agreement" in
relation to the "City of Euless, Texas, Tax and
Waterworks and Sewer System (Limited Pledge)
Revenue Certificates of Obligation, Series 1989"
and resolving other matters incident and related
thereto.
WHEREAS, on this date the City Council of the City of
Euless, Texas, authorized the issuance of "City of Euless,
Texas, Tax and Waterworks and Sewer System (Limited Pledge)
Revenue Certificates of Obligation, Series 1989 ", in the
principal amount of $1,500,000 (the "Securities "); such
securities to be issued in fully registered form only; and
WHEREAS, in relation to the payment, registration,
transfer and exchange of said Securities, the Paying
Agent /Registrar selected therefor is TEXAS AMERICAN BANK /FORT
WORTH, N.A., Fort Worth, Texas; and
WHEREAS, a "Paying Agent /Registrar Agreement" by and
between the City and said Bank has been prepared and submitted
to the City Council for approval and execution, such Agreement,
setting forth the duties and responsibilities of the Paying
Agent /Registrar for such Securities, being attached hereto as
Exhibit A and incorporated herein by reference as a part of
this Resolution for all purposes; and
WHEREAS, the City Council hereby finds and determines that
such "Paying Agent /Registrar Agreement" should be approved and
execution of the same for and on behalf of the City authorized;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS that the "Paying Agent /Registrar Agreement" by and
between the City and TEXAS AMERICAN BANK /FORT WORTH, N.A., Fort
Worth, Texas relating to the above described Securities,
attached hereto as Exhibit A, is hereby approved as to form and
content, and the Mayor and City Secretary of the City are
hereby authorized and directed to execute such Agreement in
substantially the same form and content herein approved for and
on behalf of the City and as the act and deed of this City
Council.
PASSED AND APPROVED, this April 25, 1989.
(City Seal)
3 3 4 2 s
CITY OF EULESS, TEXAS
Mayor