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Ord 2335 6/12/1967 CERTIFICATE FOR ORDINANCE AUTHORIZING THE ISSUANCE OF AIRPORT REVENUE BONDS THE STATE OF TEXAS • COUNTY OF WICHITA • CITY OF WICHITA FALLS • We, the undersigned officers of said City, hereby certify as follows: 1. The Board of Aldermen of said City convened in REGULAR MEETING ON THE 12TH DAY OF JUNE, 1967, at the City Hall, and the roll was called of the duly consti- tuted officers and members of said Board of Aldermen, to-wit: Mrs . Wilma Thomas, City Clerk R. C. Rancier, Mayor Kenneth Hill S. M. Lyons James M. Davis LeRoy Daniel Max Kruger Cletus Schenk and all of said persons were present, except the following absentees : La_ Rv b 6.4 la-( thus constituting a quo*um. Whereupon, among other business, the following was transacted at said Meeting: a written ORDINANCE AUTHORIZING THE ISSUANCE OF AIRPORT REVENUE BONDS was duly introduced for the consideration of said Board of Aldermen and read in full. It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevail- ed and carried by the following vote: YEAS : All members of said Board of Aldermen shown present above voted "Yea." NAYS: None. 2. That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above and fore- going paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said Board of Aldermen 's minutes of said Meeting; that the above and foregoing paragraph is a true, full, and correct excerpt from said Board of Aldermen's minutes of said Meeting pertaining to the passage of said Or- dinance; that the persons named in the above and foregoing para- graph are the duly chosen, qualified, and acting officers and members of said Board of Aldermen as indicated therein; and that each of the officers and members of said Board of Aldermen was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid Meet- ing, and that said Ordinance would be introduced and considered for passage at said Meeting, and each of said officers and members consented, in advance, to the holding of said Meeting for such purpose. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Clerk of said City have duly signed said Ordinance; and that the Mayor and the City Clerk of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all purposes . SIGNED AND SEALED the 12th day of June, 1967.445 ' /7 // 2x Alf � City Clerk ayor (SEAL) ORDINANCE NO, 0 :,g.5j ORDINANCE AUTHORIZING THE ISSUANCE OF AIRPORT REVENUE BONDS THE STATE OF TEXAS COUNTY OF WICHITA : CITY OF WICHITA FALLS : WHEREAS, the City of Wichita Falls , Texas, had a population of more than 70, 000 according to the last preceding federal census; and WHEREAS, the bonds hereinafter authorized are to be issued and delivered pursuant to Vernon's Article 1269j -5. THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS: Section 1. That said City ' s coupon bonds to be desig- nated the "CITY OF WICHITA FALLS AIRPORT REVENUE BONDS, SERIES 1967, " are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas in the principal amount of $130,000 FOR THE PURPOSE OF ENLARGING, EXTENDING, REPAIRING, AND IMPROVING SAID CITY'S AIRPORT, Section 2. That said bonds shall be dated APRIL 15, 1967, shall be numbered consecutively from 1 THROUGH 26, shall be in the denomination of $5,000 EACH, and shall mature and be- come due and payable serially on APRIL 15 in each of the years, and in the amounts, respectively, as set forth in the following schedule: YEARS AMOUNTS YEARS AMOUNTS 1971 $5,000 1980 $ 5, 000 1972 5,000 1981 5,000 1973 5,000 1982 5, 000 1974 5, 000 1983 5 ,000 1975 5 ,000 1984 5,000 1976 5, 000 1985 20, 000 1977 5,000 1986 20, 000 1978 5,000 1987 20, 000 1979 5,000 Said bonds may be redeemed prior to their scheduled maturities , at the option of said City, on the dates stated, and in the manner provided, in the FORM OF BOND set forth in this Ordinance. Section 3. That the bonds scheduled to mature during the years, respectively, set forth below shall bear interest from their date, until maturity or redemption, at the rate of 4-1/2% per annum. Said interest shall be evidenced by interest coupons which shall appertain to said bonds, and which shall be payable on the dates stated in the FORM OF BOND set forth in this Ordinance. -1'- • j Section 4. That said bonds and interest coupons shall be payable, shall have the characteristics, and shall be signed and executed (and said bonds shall be sealed) , all as provided, and in the manner indicated, in the FORM OF BOND set forth in this Ordinance. Section 5. That the form of said bonds, including the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each of said bonds , and the form of the aforesaid interest coupons which shall appertain and be attached initially to each of said bonds, shall be, respectively, substantially as follows : FORM OF BOND: NO. $5,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF WICHITA CITY OF WICHITA FALLS AIRPORT REVENUE BOND SERIES 1967 ON APRIL 15, 19 , the CITY OF. WICHITA FALLS, in the County of Wichita, State of Texas, promises to pay to bearer the principal amount of FIVE THOUSAND DOLLARS and to pay interest thereon, from the date hereof, at the rate of 4-1/2% per annum, evidenced by interest coupons payable OCTOBER 15, 1967, and semi-annually thereafter on each APRIL 15 and OCTOBER 15 while this bond is outstanding. The principal of this bond and the interest coupons appertaining hereto shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this bond or proper interest coupon, at THE FIRST-WICHITA NATIONAL BANK OF WICHITA FALLS, WICHITA FALLS, TEXAS, which place shall be the paying agent for this Series of bonds . THIS BOND is one of a Series of coupon bonds dated APRIL 15, 1967, issued in the principal amount of $130,000 FOR THE PURPOSE OF ENLARGING, EXTENDING, REPAIRING, AND IMPROVING SAID CITY'S AIRPORT. ON APRIL 15, 1969, OR ON ANY INTEREST PAYMENT DATE THEREAFTER, any outstanding bonds of this Series may be redeemed prior to their scheduled maturities , at the option of said City, IN WHOLE, OR IN PART, for the principal amount thereof and accrued interest thereon to the date fixed for redemption. At least thirty days prior to the date fixed for any such redemption said City shall cause a written notice of such redemption to be published at least once in a financial publication published in the City of New York, New York. By the date fixed for any such redemption due provision shall be made with the paying agent for the payment of the principal amount of the bonds which are to be -2- s so redeemed and accrued interest thereon to the date fixed for redemption. If such written notice of redemption is published and if due provision for such payment is made, all as provided above, the bonds which are to be so redeemed thereby automatical- ly shall be redeemed prior to their scheduled maturities, and they shall not be regarded as being outstanding except for the purpose of being paid by the paying agent with the funds so pro- vided for such payment. IT IS HEREBY certified and recited that this bond has been duly and validly authorized, issued, and delivered in accor- dance with the Constitution and laws of the State of Texas; and that the interest on and principal of this bond, and the Series of which it is a part, together with other outstanding airport revenue bonds of said City, are secured by and payable from a first lien on and pledge of the Net Revenues of said City's Airport. SAID CITY has reserved the right, subject to the restrictions stated, or adopted by reference, in the Ordinance authorizing this Series of bonds, to issue additional parity revenue bonds which also may be secured by and made payable from a first lien on and pledge of the Net Revenues of said City ' s Airport. THE HOLDER HEREOF shall never have the right to demand payment of this obligation out of any funds raised or to be raised by taxation, but said City is not precluded by the Or- dinance authorizing this Series of bonds, or by this provision, from utilizing any funds which may be lawfully used for the pur- pose of making such payment. IN WITNESS WHEREOF, this bond and the interest coupons appertaining hereto have been signed with the facsimile signature of the Mayor of said City and countersigned with the facsimile signature of the City Clerk of said City, and the official seal of said City has been duly impressed, or placed in facsimile, on this bond. xxxxxxxx xxxxxxxx City Clerk, City of Wichita Falls Mayor, City of Wichita Falls FORM OF REGISTRATION CERTIFICATE: COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO. I hereby certify that this bond has been examined, certified as to validity, and approved by the Attorney General of the State of Texas, and that this bond has been registered by the Comptroller of Public Accounts of the State of Texas . Witness my signature and seal this xxxxxxxx Comptroller of Public Accounts of the State of Texas . • -3- FORM OF INTEREST COUPON: NO, $ ON 15, 19 THE CITY OF WICHITA FALLS, in the County of Wichita, State of Texas, promises to pay to bearer the amount shown on this inter- est coupon, in lawful money of the United States of America, without exchange or collection charges to the bearer, unless due provision has been made for the redemption prior to maturity of the bond to which this interest coupon appertains , upon presen- tation and surrender of this interest coupon, at THE FIRST-WICHITA NATIONAL BANK OF WICHITA FALLS, WICHITA FALLS, TEXAS, said amount being interest due that day on the bond, bearing the number here- inafter designated, of that issue of CITY OF WICHITA FALLS AIR- PORT REVENUE BONDS, SERIES 1967, DATED APRIL 15, 1967 . The holder hereof shall never have the right to demand payment of this obligation out of any funds raised or to be raised by tax- ation. Bond No. . xxxxxxxx xxxxxxxx City Clerk Mayor Section 6. That the term "Outstanding Bonds , " as used herein, shall mean the outstanding bonds of the following issue of said City: Airport Revenue Bonds, Series 1964, authorized by ordinance dated May 11, 1964. The Series 1967 Bonds authorized hereby are parity "Additional Bonds" as defined and permitted in the aforesaid ordinance dated May 11, 1964, and Sections 8 through 23 of said ordinance are adopted by reference and shall be applicable to said Series 1967 Bonds for all purposes , except to the extent hereinafter speci- fically modified and supplemented. The Series 1967 Bonds and the Outstanding Bonds are and shall be secured by and payable from a first lien on and pledge of the Net Revenues of said City's Airport, and all of said obligations shall be on a parity and of equal dignity in all respects . Section 7. That, in addition to all other amounts required by the ordinance authorizing the Outstanding Bonds, there shall be deposited into the Interest and Sinking Fund, created for the benefit of said Outstanding Bonds and all Addi- tional Bonds , the following: (a) such amounts, in equal monthly installments, made on or before the 10th day of each month hereafter, as will be sufficient to pay the interest scheduled to come due on said Series 1967 Bonds on the next interest payment date; and (b) such amounts, in equal monthly installments, made on or before the 10th day of each month, commenc- ing May 10, 1970, as will be sufficient to pay the next maturing principal of said Series 1967 Bonds . -4- • f -; ■ Section 8. That, in addition to all other amounts re- quired by the ordinance authorizing the Outstanding Bonds, there shall be deposited into the Reserve Fund, created for the bene- fit of said Outstanding Bonds and all Additional Bonds , on J S L/ 10, 1967,. and on or before the 10th day of each month thereafter, the sum of at least $200 until the aggregate amount of $39, 000 shall have been accumulated in said Reserve Fund. Thereafter said aggregate amount shall be maintained therein, for the bene- fit of the Outstanding Bonds, the Series 1967 Bonds, and all Additional Bonds, in accordance with the procedures, as herein modified and supplemented, set forth in the ordinance authoriz- ing the Outstanding Bonds , Section 9. That said bonds are and shall be special obligations of said City, and the holder or holders thereof shall never have the right to demand payment of said obligations out of any funds raised or to be raised by taxation. Section 10. That the Mayor of said City is hereby authorized to have control of said bonds and all necessary records and proceedings pertaining to said bonds pending their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and their regis- tration by the Comptroller of Public Accounts of the State of Texas. Upon registration of said bonds, said Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the Comptroller 's Regis- tration Certificate printed and endorsed on each of said bonds, and the seal of said Comptroller shall be impressed, or placed in facsimile, on each of, said bonds. Section 11. That said bonds are hereby sold and shall be delivered to �";�. - ,Src,4\jwe.>„ 0,0, tom( /c �A c:✓`, for the principal amount thereof and accrued interest to the date of delivery, plus a premium of $ u Section 12. That this Ordinance is hereby declared to be, and is passed as , an emergency measure, to be effective immediately upon enactment, such emergency being that the pro- ceeds from the bonds herein authorized are required as soon as possible on the ground of urgent public need for the preservation of the peace, health, and safety of property of the City. -5-