IDA Resolution No I-11
Industrial Development Authority Resolutions
IDA Resolution No I-11
2/28/2013 3:27:59 PM
8/22/2012 7:50:12 AM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
All rights reserved.
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View plain text
• <br />RESOLUTION NO. I-11 <br />A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF FULLERTON AUTHOR- <br />IZING THE EXECUTION AND DELIVERY OF A SECOND <br />SUPPLEMENTAL INDENTURE OF TRUST RELATING TO <br />ITS $3,500,000 VARIABLE RATE DEMAND REVENUE <br />BONDS, SERIES 1984 (PCL PACKAGING INC. PROJECT) <br />WHEREAS, the Industrial Development Authority (the "Authority ") <br />of the City of Fullerton (the "City ") is an industrial development authority <br />duly created and existing pursuant to the California Industrial Development <br />Act (Title 10, Chapter 1, Articles 1 and 2 of the Government Code of the <br />State of California commencing with Section 91500) (the "Act "); and <br />WHEREAS, on November 20, 1984, the Authority adopted Resolution <br />I -5 entitled "A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE <br />CITY OF FULLERTON AUTHORIZING ISSUANCE OF $3,500,000 INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS FOR PCL PACKAGING INC. "; <br />WHEREAS, on December 21, 1984, the Authority adopted Resolution <br />I -7 entitled "A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE <br />CITY OF FULLERTON RATIFYING ALL ACTIONS TAKEN PURSUANT TO RESOLUTION I -5 <br />AND RECONFIRMING THE AUTHORIZATIONS AND APPROVALS THEREIN; AND ALLOCATING <br />ITS $3,500,000 ALLOCATION FOR PRIVATE ACTIVITY BONDS TO ITS VARIABLE RATE <br />DEMAND REVENUE BONDS, SERIES 1984 (PCL PACKAGING INC. PROJECT) "; <br />WHEREAS, On February 6, 1985, the Authority adopted Resolution I -8 <br />entitled "A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY <br />OF FULLERTON AUTHORIZING THE EXECUTION AND DELIVERY OF A SUPPLEMENTAL INDENTURE <br />OF TRUST RELATING TO ITS $3,500,000 VARIABLE RATE DEMAND REVENUE BONDS, <br />SERIES 1984 (PCL PACKAGING INC. PROJECT); <br />. WHEREAS, E. F. Hutton & Company Inc., the original purchaser of <br />the $3,500,000 Variable Rate Demand Revenue Bonds, Series 1984 (PCL Packag- <br />ing, Inc. Project) requested that a Second Supplemental Indenture of Trust <br />be approved and authorized by the Authority supplementing the Indenture of <br />Trust dated as of December 1, 1984_, as amended by the Supplemental Indenture <br />of Trust dated February 1, 1985, by and among the Authority, First Interstate <br />Bank of California and Chemical Bank; and <br />WHEREAS, the Authority wishes to authorize the form of such Second <br />Supplemental Indenture of Trust in the form submitted to the Authority as <br />of this date; <br />NOW THEREFORE, be it resolved by the Board of Directors of the <br />Industrial Development Authority of the City of Fullerton: <br />SECTION 1. The form of the Second Supplemental Indenture of 'Trust <br />( "Second Supplemental Indenture of Trust ") attached hereto is hereby approved, <br />and officers or employees of the Authority are hereby authorized to execute <br />and deliver such Second Supplemental Indenture with such changes therein, <br />deletions therefrom and modifications thereto as such officers and /or em- <br />ployees may approve. <br />SECTION 2. The Authority's proper officers, agents and employees <br />are hereby authorized, empowered and directed to do all acts, and to execute <br />and deliver all documents contemplated by the Second Supplemental Indenture <br />• of Trust and any and all other documents otherwise necessary or desirable <br />for the execution and delivery of the Second Supplemental Indenture of Trust. <br />GC - /,�� n <br />fGCC42_xJ � �c,e�GtJ <br />
The URL can be used to link to this page
Your browser does not support the video tag.