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[Project Vote] <br />RESOLUTION NO. 2007-16 <br />RESOLUTION RELATING TO THE MAGNOLIA POWER PROJECT: <br />(1) AUTHORIZING THE EXECUTION AND DELIVERY OF (A) A <br />THIRD SUPPLEMENTAL INDENTURE OF TRUST AUTHORIZING <br />THE lSSUANCE OF THE MAGNOLIA POWER PROJECTA, <br />REFUNDING REVENUE BONDS, 2007-2, (B)A STANDBY BOND <br />PURCHASE AGREEMENT, AND (C) AN OFFICIAL STATEMENT; <br />(11) AUTHORIZING CERTAIN RELATED ACTIONS; AND <br />(1II)AUTHORIZING THE OFFICERS OF THE AUTHORITY TO DO <br />ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE. <br />BE IT RESOLVED by thc Board of Directors of the Southern California Public Power <br />Authority as follows: <br />1. Each of the Presidcnt and Vice President and each of the Secretary and any <br />Assistant Secretary of the Southern Califomia Public Power Authority (the "Authority") are <br />hereby authorized to execute and deliver a Third Supplemental Indenturc of Trust relating to the <br />Magnolia Power Project A, Refunding Revenue Bonds, 2007-1 (the "Bonds"), from thc <br />Authority to U.S. Bank National Association, as Trustee (the "Trustee"), in substantially the <br />form on filc with the Authority as of the date hereof, with such changes, insertions and omissions <br />(subject to Paragraph 9 of the Authority's Resolution No. 2007-10 adopted on April 19, 2007) as <br />shall be approved by said President or Vice President (such approval to be conclusively <br />evidenced by such officer's execution and delivery thereof), and each of the Secretary and any <br />Assistant Secretary is hereby authorized to affix the seal of the Authority thereto. The Third <br />Supplemental Indenture of Trust, as executed and delivered, is hereinafter referred to as the <br />"Supplemental Indenture." The form of such Supplemental Indenture is hereby made a part of <br />this Resolution as though set forth in full herein and the same hereby is approved. <br />The issuance of the Bonds is hereby authorized, subject to the provisions of this <br />Resolution, the Indenture of Trust, dated as of March 1, 2003, from the Authority to U.S. Bank <br />National Association, as Trustee (as hcretofore supplemented and amended, the "Indenture of <br />Trust") and the Supplemental Indenture. The Bonds shall be dated, shall mature on the date or <br />dates and in the year or years and shall bear intercst all as provided in the Indenture of Trust and <br />the Supplemental Indenture. <br />The form of thc Bonds and the provisions for signatures, authentication, payment, <br />registration, redemption, tender for purchase, denominations, sinking fund, numbers and other <br />terms thereof shall be as set forth in the Indenture of Trust and the Supplemental Indenture, as <br />applicable. <br />The Bonds shall be secured by the pledge effected by the Indenture of Trust and shall be <br />special, limited obligations of the Authority payable solely from the sources specified in the <br />Indenture of Trust. Neither the State of California nor any public agency thereof (other than the <br />Authority) nor any member of the Authority nor any Project A Participant (namely the Cities of