Resolution 3456

Authorizing the sale of Subordinate Lien Revenue Notes (Commercial Paper), in series from time to time in an aggregate principal amount not to exceed $250,000,000, for the purpose of financing and refinancing capital improvements, including refunding outstanding notes, within the Port, for working capital and for paying maturing revenue notes of the same series and/or reimbursing one or more credit providers for advances made therefor; providing a method of determining the dates, forms, terms, maturities, and interest rates of each series of such notes; authorizing the execution and delivery of one or more bank reimbursement notes; approving the form of and authorizing the execution, delivery and performance of various agreements relating to said notes; and making certain other covenants and agreements with respect thereto.