HomeMy WebLinkAboutPublic Facilities Corporation - 77-23 ��PGN PUB(�CA,
o� Huntington Beach Public Facilities Corporation
C' INCORPORATED m 17371 Gothard Street
Z NOVEMBER 27.I970 CO) Huntington Beach, California 92647
021 a0n RESOLUTION NO. 77-23
CA(IFORN%P
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO PURCHASE CERTAIN BONDS
OF THE CIVIC CENTER FIRST ISSUE.
WHEREAS, there are periodic notifications to the City of Huntington
Beach of bonds available for purchase from bond holders offering
to sell at various prices; and
WHEREAS , the City of Huntington Beach has purchased eleven bonds
having a combined face value of $55 , 000 , and has offered to sell
these bonds to the Huntington Beach Public Facilities Corporation for
900 of .face value plus interest accrued at the date of payment; and
WHEREAS , the Directors have considered it to be advantageous to the
public if available funds are utilized to purchase bonds at favorable.
rates;
NOW, THEREFORE, the Board of Directors of the Huntington Beach Public
Facilities Corporation does hereby resolve that the Trustee be directed
to purchase these bonds from funds having investment maturity in January
1978 ; and upon receipt of the bonds to effect cancellation.
Passed and adopted at the regular adjourned meeting of the Board of
Directors on November 30 , 1977 .
APPROVED:
J ry k - Sapp, ,4POlesident Secret
y Treasurer
DATED: ATTEST:
1977
Donald W. Kiser ,
Assistant Secretary - H.B.P.F.C.