Resolution 2667

Providing for the issuance and sale of general obligation bonds of the port district in the aggregate principal amount of $18,250,000, $10,940,000 of which are for the purpose of providing funds required to refund the port district's outstanding general obligation bonds issued under date of June 1, 1976 and $7,310,000 of which are for the purpose of providing part of the funds required to acquire, construct, equip and make certain improvements to port facilities; providing for the redemption of the outstanding bonds to be refunded; and providing the date, form, terms, maturities and covenants of the bonds to be issued and for ad valorem tax levies to pay the principal thereof and interest thereon.