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Huntington Beach Public Facilities Corporation
S.7 INCORPORATED 17371 Gothard Street
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i NOVEMBIR 27.1970 Huntington Beach, California 92647
Z� Cl) RESOLUTION NO. 81-2
04LIF OR01" A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO PURCHASE CENTRAL LIBRARY
SECOND 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 $150,000 of Central Library
Second Issue fund surplus monies be utilized to purchase bonds during the
period from September 2, 1981 through, December 31, 1982 which may be
offered for sale at a price not to exceed 55% of face value; and does resolve
that the City of Hunti.ngton. 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 September 2, 1981.
APPROVED:
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Yrry app, resident Mary E11 n Houseal , Secretary Treasurer
By William Wamhoff, Jr. , Vice President
DATED: ATTEST:
September 2, 1981 /
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.