Board Meeting Materials
1990 - 1999
4/19/2017 5:07:22 PM
4/19/2017 5:07:19 PM
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BE IT RESOLVED by the Board of Directors as follows: <br />1. The Board of Directors hereby provides for an <br />additional contribution to the General Fund. Such <br />additional contribution, <br />(a) shall be in the aggregate amount of $ <br />with the amount to be contributed by each <br />Contributing Member as set forth on Exhibit A to <br />this Resolution; <br />(b) shall be billed and collected by adding the <br />amount to be paid by each Contributing Member to <br />the May 1995 Palo Verde billing to each <br />Contributing Member, with such aggregate amount <br />designated as the "Resolution 1995-4 Charge;" <br />and <br />(c) shall be solely for the purpose of supporting <br />the efforts of the APPA EMF RAPID Program and <br />pending application for such purpose the <br />contribution shall not be expended to pay costs <br />or expenses properly allocable to one or more <br />projects as provided in Section 3 of Resolution <br />NO. 1992-1. <br />2. Amounts contributed to and held in the General Fund <br />pursuant to this Resolution will not be contributed <br />or held for the purposes of any project for which the <br />Authority has obtained any form of external <br />financing. Such amounts shall not constitute (a) <br />revenues or (b) revenues, income, rents or receipts <br />derived by the Authority from or attributable to <br />Authority Capacity (or to the payment of the costs <br />thereof) or the ownership or operation of any <br />Project . As used herein, "Revenues", "Authority <br />Capacity" and "Project" shall have the respective <br />meanings set forth in the indentures of trust and <br />other instruments governing the external financing <br />arrangements entered into from time to time by the <br />Authority. <br />3. The President, Vice President, Secretary, any <br />Assistant Secretary, Executive Director and any other <br />officer of the Authority are each hereby authorized <br />to execute and deliver any and all documents and <br />instruments and to do and cause to be done any and <br />all acts and things necessary or proper for carrying <br />out the transactions contemplated by this Resolution.
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