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RESOLUTION NO. 1987-8 <br />A RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY AUTHORIZING THE TRANSFER OF <br />AMOUNTS IN THE GENERAL RESERVE FUND RELATED TO <br />THE SOUTHERN TRANSMISSION PROJECT <br />WHEREAS, Southern California Public Power Authority (the <br />l1Authorityl1) has entered into an Indenture of Trust, dated as of <br />May 1, 1983, as supplemented, from the Authority to Security <br />Pacific National Bank, as Trustee (the l1Indenturel1); and <br />WHEREAS, in accordance with the terms of the Indenture <br />there have been established funds and accounts including, but not <br />limited to, the Construction Fund (including the Initial <br />Facilities Account) and the General Reserve Fund; and <br />WHEREAS, the Authority wishes to authorize the transfer <br />of amounts from General Reserve Fund to the Initial Facilities <br />Account. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS <br />AS FOLLOWS: <br />1. The Executive Director and the other officers of the <br />Authority, and the appropriate representatives of the Department <br />of Water and Power of The City of Los Angeles, are hereby <br />authorized and directed to cause the transfer of all amounts which <br />are now on deposit in the General Reserve Fund to the Initial <br />Facilities Account. <br />2. This resolution shall take effect <br />THE FOREGOING RESOLUTION is approved <br />Authority, this second day of September, 1987. <br />immediately. <br />and adopted by the <br />Southern California Public <br />Power Authority <br />ATTEST : <br />Southern California ~iblic <br />Power Authority