Resolution 2643

Providing for the issuance and sale of revenue bonds of the port district in the principal amount of $55,000,000 for the purpose of providing part of the funds required to refund certain outstanding revenue bonds, to refund certain outstanding second lien warrants and to acquire, construct, install and make certain improvements to the port district's harbor facilities; authorizing the use of certain moneys of the port district to effect such revenue bond refunding; creating a special 1976 Refunding Account in the Bond Redemption Fund created by Resolution No. 2143; providing the date, form, terms and maturities of the bonds to be issued; 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; providing and adopting certain covenants safeguarding the payment of such principal and interest.