Resolution 2950

Providing for the issuance and sale of general obligation bonds of the Port District in the principal amount of $29,300,000 for the purpose of providing funds to pay the cost of acquiring, constructing and installing certain improvements to the facilities of the Port District; fixing the date, form, term, maturities and covenants of said bonds to be issued, authorizing the execution and delivery of a standby bond purchase agreement and a remarketing agent agreement; creating a special fund for the payment of the principal of and interest on said bonds; and authorizing the execution of a bond purchase contract.