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<br />...... <br /> <br />\' <br />, <br />~ <br /> <br />.... <br /> <br />... <br />" <br />~ <br /> <br />'" <br /> <br />Section 4. Private Activity Bond Allocation. The Board of Directors <br />hereby designates and assigns to the Bonds the amount of $3,000,000 of its <br />Private Activity Bond Limit, heretofore received by transfer from the Ci ty of <br />Santa Ana for such purpose, and each member of the Board hereby represents and <br />warrants that such allocation is not made in consideration of any bribe, gift, <br />gratuity or direct or indirect campaign contribution. <br /> <br />Section 5. Award of Sale. The Bonds shall be sold to such purchasers <br />as shall be designated by First Interstate Bank of California, as Placement <br />Agent and Remarketing Agent, and approved by the Chariman of the Authority or <br />his designated representative, at par value in the principal amount of <br />$3,000,000. <br /> <br />Section 6. Official Action. The Chairman, the Executive Director, the <br />Fi nance Offi cer, the Secretary of th is Board, the Economi c Deve 1 opmen t Ana 1 ys t <br />and each of them,' and any and all other officers of the Authority, acting <br />alone, are hereby severally authorized to execute such certificates. <br />agreements and other closing documents as are necessary or customary for the <br />consummation of the transactions contemplated by the documents enumerated in <br />Section 3 of this Resolution. <br /> <br />Section 7. Effective Date. This Resolution shall take effect <br />immediately upon its passage and adoption. <br /> <br />* . * * . * . * . <br /> <br />ADOPTED, this <br /> <br />10 <br /> <br />day of Decem~eIf984. <br /> <br /> <br /> <br />D"~ri'ei' <br />Chairman <br /> <br />ATTEST: <br /> <br />~ ~ - ~.~ <br />lee C. Guy, Ser'et y <br />DIRECTORS: <br /> <br />Luxembourger <br />Griset <br />Acosta <br />Hart <br />Johnson <br />McGu igan <br />Young <br /> <br />AYE <br />AYE <br />AYE <br />AYE <br />AYE <br />AYE <br />AYE <br /> <br /> <br />3 <br />