Resolution 2286

Providing for the issuance and sale of revenue bonds of the port district in the principal amount of $20,000,000 for the purpose of providing part of the money to acquire, construct, install and make certain improvements to Unit No. 18 and Unit No. 4 as authorized by the comprehensive scheme of the port district as amended; providing the date, form, terms and maturities of said bonds; creating a Construction Fund; providing that such bonds be issued on a parity with 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.