The model considered is a d=2 layered random Ising system on a square lattice
with nearest neighbours interaction. It is assumed that all the vertical
couplings are equal and take the positive value J while the horizontal
couplings are quenched random variables which are equal in the same row but can
take the two possible values J and J-K in different rows. The exact solution is
obtained in the limit case of infinite K for any distribution of the horizontal
couplings. The model which corresponds to this limit can be seen as an ordinary
Ising system where the spins of some rows, chosen at random, are frozen in an
antiferromagnetic order. No phase transition is found if the horizontal
couplings are independent random variables while for correlated disorder one
finds a low temperature phase with some glassy properties.Comment: 10 pages, Plain TeX, 3 ps figures, submitted to Europhys. Let