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Huntington Beach Public Facilities Corporation
INCORPORATED m 17371 Gothard Street
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i NOVEMBER 27.1970 Huntington Beach, California 92647
ti 6b RESOLUTION NO. 80-1
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A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO PURCHASE CERTAIN 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 City of Huntington Beach has purchased twenty bonds
having a combined face value of $100, 000 and has offered to sell
these bonds to the Huntington Beach Public Facilities Corporation for
78 . 8% 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
February 1980; and upon receipt of the bonds to effect cancellation.
Passed and adopted at the Regular Adjourned Meeting of the Board of
Directors on February 6 , 1980.
APPROVED:
X,
D. Nowlin, Pr sident Secretary"/Treasure
DATED: ATTEST:
Fci�il v�r2y 6.
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.