HomeMy WebLinkAboutPublic Facilities Corporation - 77-24 �Q'LN PUB(ICJ&
o� qc�i oration Huntington Beach Public Facilities Corporation
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INCORPORATED 17371 Gothard Street
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i NOVEMBER 27.1970 Huntington Beach, California 92647
Zti a0n RESOLUTION NO. 77-24
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A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO PURCHASE CIVIC CENTER
FIRST ISSUE BONDS
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 Directors consider it to be advantageous to the public
if available funds are utilized to purchase bonds at favorable rates;
and
WHEREAS, the City of Huntington Beach has funds to effect the timely
payment necessary for purchase and has agreed to resell to the
Corporation;
NOW, THEREFORE , the Board of Directors of the Huntington Beach public
Facilities Corporation does hereby resolve that $100 ,000 of Civic Center
First Issue fund surplus monies be utilized to purchase bonds during the
six months period from December 1 , 1977 through Play 31 , 1978 which may
be offered for sale at a price not to exceed 90% of face value; and does
resolve that the City of Huntington Beach is authorized to purchase bonds
with intent to resell to the Corporation, and the Trustee is directed to
purchase such bonds and effect cancellation.
Passed and adopted at the Regular Adjourned "Meeting of the Board of
Directors on November 30 , 1977 .
APPROVED:
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y Sap, esident Secret y Treasurer p
D: ATTEST:
y 1977. v��•.� ./�
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.