HomeMy WebLinkAbout34-77 RESOLUTION•
RESOLUTION NO. 34-77
A RESOLUTION AUTHORIZING THE ISSUANCE AND DELIVERY
OF COUPON BONDS IN EXCHANGE FOR FULLY REGISTERED
BONDS OF THE CITY OF FAYETTEVILLE, ARKANSAS WATER-
WORKS AND SEWER REVENUE BONDS, SERIES 1966, DATED
SEPTEMBER 1, 1966; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
WHEREAS, pursuant to Ordinance No. 1508, adopted August 8,
1966, the City of Fayetteville, Arkansas (the "City"), authorized
and issued $4,300,000 in principal amount of Waterworks and Sewer
Revenue Bonds, Series 1966 (the "bonds"); and
WHEREAS, the bonds were initially issued as bonds registered
as to both principal and interest in various denominations, maturing
on June 1 in each of the years 1979 to 2000, inclusive, and numbered
from R-1 to R-22, inclusive; and -
WHEREAS, Ordinance No. 1508 provides that the bonds may
be exchanged for coupon bonds in the denomination of $1,000 or
$5,000, at the option of the registered owner thereof; and
WHEREAS, the registered owner of Bonds Nos. R-1 to R-22,
inclusive, has notified the City of its election to exchange
these registered bonds for 860 coupon bonds (hereinafter described);
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors
of the City of Fayetteville, Arkansas:
Section 1. There is hereby authorized the issuance and
delivery of coupon bonds, subject to registration as to principal,
in the denomination of $5,000 each, in exchange for registered bonds,
as follows:
Registered
from R-1-1
Registered
from R-2-1
Registered
from R-3-1
Bond No.
to R-1-5
Bond No.
to R-2-5
Bond No.
to R-3-5
R-1 for 5 coupon
, inclusive.
R-2 for 5 coupon
, inclusive.
R-3 for 5 coupon
inclusive.
bonds,
bonds,
bonds,
numbered
numbered
numbered
MiCROFILMELI
DATE OCT 2 a 1978
REEL IN
aqqa 1979
�EEt�
Registered
from R-4-1
Registered
from R-5-1
Registered
from R-6-1
Registered
from R-7-1
Registered
from R-8-1
Registered
from R-9-1
Registered
from R -10 -
Registered
from R -11 -
Registered
from R -12 -
Registered
from R -13 -
Registered
from R -14 -
Registered
from R -15 -
Registered
from R -16 -
Registered
from R -17 -
Registered
from R -13 -
Registered
from R -19 -
Registered
from R -20 -
Registered
from R -21 -
Registered
from R -22-
-2 -
Bond No. R-4 for 5 coupon bonds,
to R-4-5, inclusive.
Bond No. R-5 for 5 coupon bonds,
to R-5-5, inclusive.
Bond No. R-6 for 5 coupon bonds,
to R-6-5, inclusive.
Bond No. R-7 for 5 coupon bonds,
to R-7-5, inclusive.
Bond No. R-8 for 5 coupon bonds,
to R-8-5, inclusive.
Bond No. R-9 for 5 coupon bonds,
to R-9-5, inclusive.
Bond No. R-10 for 5 coupon bonds,
1 to R-10-5, inclusive.
Bond No. R-11 for 5 coupon bonds,
1 to R-11-5, inclusive.
Bond No. R-12 for 5 coupon bonds,
1 to R-12-5, inclusive.
numbered
numbered
numbered
numbered
numbered
numbered
numbered
numbered
numbered
Bond No. R-13 for 65 coupon bonds, numbered
1 to R-13-65, inclusive.
Bond No. R-14 for 69 coupon bonds, numbered
1 to R-14-69, inclusive.
Bond No. R-15 for 71 coupon bonds, numbered
1 to R-15-71, inclusive.
Bond No. R-16 for 73 coupon bonds, numbered
1 to R-16-73, inclusive.
Bond No. R-17 for 77 coupon bonds,
1 to R-17-77, inclusive.
Bond No. R-18 for 81 coupon bonds,
1 to R-18-81, inclusive.
Bond No. R-19 for 85 coupon bonds,
1 to R-19-85, inclusive.
Bond No. R-20 for 89 coupon bonds,
1 to R-20-89, inclusive.
Bond No. R-21 for 93 coupon bonds,
1 to R-21-93, inclusive.
Bond No. R-22 for 97 coupon bonds,
1 to R-22-97, inclusive.
numbered
numbered
numbered
numbered
numbered
numbered
-3 -
Section 2. The Mayor and City Clerk are hereby authorized
and directed to execute and deliver the coupon bonds and execute
such other and further documents and take such other and further
action as necessary in connection therewith.
Section 3. The Trustee for the bonds is authorized to
deliver the coupon bonds to the registered owner upon cancellation
of the registered bonds. ^��^111yy.,,,,,__�_�
UNANIMOUSLY ADOPTED this 3 day of _C/2241p._, 1977.
ATTEST:
044944-0 ithe-444461-19-k
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City=CYej'k
4,-;": f (SEAL)
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CAt
CITY OF FAYETTEVILLE, ARKANSAS
By Sfrar Z- <:
Mayor
•
r
CERTIFICATE
1
The undersigned, City Clerk of the City of Fayetteville,
Arkansas, hereby certifies that the foregoing pages are a true
and compared copy of a Resolution passed at a regular
session of
the Board of Directors of the City of Fayetteville, Arkansas, held
at the regular meeting place of the Board of the City at 7:30
o'clock p.m., on the 3day of May , 1977, and that the
Resolution is of record in Resolution Record Book .- , Page 151 ,
now in my possession.
GIVEN under my hand and seal this 4 day of May
-. X1977'
..7 •
�.�R
'?(SEAL)•=
City Clerk
•
•
EXCERPTS FROM MINUTES OF A MEETING OF THE
FAYETTEVILLE BOARD OF DIRECTORS
HELD MAY 3• , 1977
•
The Board of Directors of the City of Fayetteville Arkansas,
met in r"egialir session at its regular meeting place in Fayetteville
Arkansas at 7:30 P.m. , on the 3 day of MaY , 1977 . The
following were present: Mayor' OSt Gn6tlfter
City Clerk Darleta WeStbrOOk
•
; and Aldermen John Todd. Paul
Roland. Al Hughes, David Malone. Phil' p Colwell. and Marion Orton
Absent: HOOC
The Mayor stated that consideration should be given to a resolution
authorizing the exchange of fully registered bonds for coupon
bonds
This was a matter with which the Board was familiar and after a discussion,
wI The City Attorney
and the
introduced a resolution entitled:
"A RESOLUTION AUTHORIZING THE ISSUANCE AND DELIVERY
OF COUPON BONDS IN EXCHANGE FOR FULLY REGISTERED
BONDS OF THE CITY OF FAYETTEVILLE, ARKANSAS WATER-
WORKS AND SEWER REVENUE BONDS, SERIES 1966, DATED
SEPTEMBER 1, 1966; AND PRESCRIBING OTHER MATTERS
RELATING THERETO.
City
ttOi
read the resolution in full.
•
•
•
Page 2
kicintxxXii Director Orton , seconded by rawIligne
Director Nu , moved that the resolution be adopted. The question was
put by the Mayor on the adoption of the motion and the roll being called, the ,
following voted aye:
Todd; lio'9and, Fugues, Pleione Lencester, Celweil4 Orton .
and the following voted nay:
MOM
The Mayor thereupon declared the resolution adopted and signed the
resplution, which was attested by the City
Clerk
the seal of'the City. The resolution was given No.
(Matters not relating to a resolution
and impressed with
34777
authorizing the exchange
w~. i/i
y r ATTE*:T:
-
-
- _
s
"'"' City Clerk
There being no further business, the Board adjourned.
(SEAL)
are omitted.)
Mayor
•
•
CERTIFICATE
The. undersigned, City Clerk of the City of Fayetteville
Arkansas, hereby certifies that the foregoing pages numbered 1 and 2, are a
true and correct copy of excerpts of the minutes of a meeting of the Board of
Directors of:Fayetteville Arkansas; at a
regular
regular meeting place of the Board in the City at
session held at the
7:30 p
.m., on the 3
day of MaY , 1977 , and the time and place of the meeting was furnished
to each person who made a request therefor in accordance with the provisions
of Act No. 93 of the Acts of Arkansas of 1967.
vr..
(SEAL)„„
y
— 7. ; SA.
City Clerk