Resolution 2746

Providing for the issuance and sale from time to time of second lien revenue warrants of the port district in the aggregate principal amount of $25,000,000 for the purpose of providing interim financing to acquire, construct, install, equip and make certain improvements to the facilities of the district; providing the form, terms and maturities of said warrants; providing that such warrants be issued on a parity with certain second lien revenue bonds of the port district; providing for the payment of the principal of and interest on said warrants out of the Second Lien Revenue Bond Redemption Fund of the port district created by Resolution No. 2363 of the Port Commission; providing and adopting certain covenants safeguarding the payment of such principal and interest; authorizing the execution of a loan agreement; confirming the sale of such warrants; and authorizing the delivery of Warrant No. 1 in the principal amount of $10,000,000.