HomeMy WebLinkAboutPublic Facilities Corporation - 77-18 f
N PUBLIC��c • -
o� Huntington Beach Public Facilities Corporation
Cz INCORPORATED T 17371 Gothard Street
Y NOVEMBER27.1970 Huntington Beach, California 92647
y ao RESOLUTION NO.77-18 *CANCELLED
CAL IFOR��P
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE HUNTINGTON BEACH PUBLIC FACILITIES
CORPORATION DIRECTING THE TRUSTEE TO TRANS-
FER AN. AMOUNT OF MONEY FROM THE BOND REDEMP-
TION FUND OF THE FIRST ISSUE LEASEHOLD MORT-
GAGE BONDS.
WHEREAS there exists a deficiency in the Adminis-
trative Expense Fund established by the Indenture of Mortgage
and Deed of Trust, dated January 15, 1972 , between the Hunting-
ton Beach Public Facilities Corporation and Bank of America
National Trust and Savings Association; and
WHEREAS Sections 502 and 504 of the Indenture provide
for deposits necessary to make up deficiencies;
NOW, THEREFORE, the Board of Directors of the Hunting-
ton Beach Public Facilities Corporation does hereby resolve that
the Trustee be requested and directed to deposit $1000 into the
Administrative Expense Fund from the Bond Redemption Fund of the
First Issue Leasehold Mortgage Bonds, and to effect the deposit
on or after June 13, 1977 at which time no investment interest will
be lost.
PASSED AND ADOPTED at the Regular Adjourned Meeting of the Board of
Directors on May 25 , 1977.
* THIS RESOLUTION WAS RESCINDED
APPROVED AS TO FORM: BY MINUTE ACTION OF THE BOARD
OF DIRECTORS AT THEIR REGULAR
MEETING OF JUNE 29 , 1977
larn Parker, Attorney
APPROVED:
1"� '."Z'�
J app, pfesident Mary E en Houseal,
Secretary/Treasurer
DATED: ATTEST:
•t. 61-,, Donald W. Kiser, Assistant Sec.
H.B.P.F.C.