Resolution 2504

Providing for the issuance and sale of refunding revenue bonds of the port district in the principal amount of $111,000,000 for the purpose of providing part of the funds required to refund certain outstanding revenue bonds of the port district; authorizing the use of certain moneys of the port district to effect such refunding; creating a special 1973 Refunding Account in the Bond Redemption Fund created by Resolution No. 2143; providing the date, form, terms and maturities of said bonds; 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.