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RESOLUTION NO. 1987-12 <br />A RESOLUTION OF THE SOUTHERN CALIFORNIA <br />PUBLIC POWER AUTHORITY AUTHORIZING THE <br />TRANSFER OF MONEYS FROM THE GENERAL RESERVE <br />FUND RELATED TO THE AUTHORITY IS SOUTHERN <br />TRANSMISSION PROJECT TO THE INITIAL <br />FACILITIES ACCOUNT IN THE CONSTRUCTION FUND <br />RELATED THERETO. <br />WHEREAS, Southern California Public Power ~uthority (the <br />"Authorityu) has entered into an Indenture of Trust, dated as of <br />May 1, 1983, as amended and supplemented (the "Indentureu), by and <br />between the Authority and Security Pacific National Bank, as Trustee <br />(the ''Trustee") ; 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 Facilities <br />Account therein) and the General Reserve Fund; and <br />WHEREAS, the Authority has determined that moneys should be <br />transferred from time to time from the General Reserve Fund to the <br />Initial Facilities Account under the terms of the Indenture. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS AS <br />FOLLOWS : <br />1. The Trustee is hereby directed to transfer moneys now <br />or hereafter on deposit in the above-referenced General Reserve F'und <br />to the above-ref erenced Initial Facilities Account, at such times and <br />in such amounts as shall be directed (in writing) from time to time <br />by the Executive Director of the Authority; provided, that, the <br />moneys transferred pursuant to this Resolution shall not exceed, in <br />the aggregate, $~~,OOO,OOO. <br />2. This resolution shall take effect immediately. <br />THE FOREGOING RESOLUTION is approved and adopted by the <br />Authority, this 4th day of November, 1987. <br />President <br />Southern California Public <br />Power Authority <br />ATTEST : <br />Southern ~alifornig public <br />Power ~uthority