Resolution 2861

Providing for the issuance and sale of revenue bonds of the port district in the principal amount of $25,000,000 for the purpose of providing funds required to redeem and retire outstanding Revenue Bond Anticipation Notes providing that such bonds be issued on a parity with certain outstanding revenue bonds of the port district; providing for the payment of the principal of and interest on said bonds out of the Revenue Bond Redemption Fund of the port district created by Resolution No. 2143 of the Port Commission; and providing and adopting certain covenants safeguarding the payment of such principal and interest.