Resolution 2591

Providing for the issuance and sale of general obligation bonds of the port district in the principal amount of $16,000,000 for the purpose of providing funds to pay the cost of acquiring certain property and making improvements thereto as authorized by the comprehensive scheme of harbor improvement of the port district as amended; fixing the date, form, term, maturities and covenants of said bonds to be issued, creating Piers 90 and 91 Acquisition and Construction Fund; creating a Bond Redemption Fund; and providing for the payment of the principal of and interest on said bonds.