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[Project Vote] <br />RESOLUTION NO. 2007-10 <br />RESOLUTION RELATlNG TO THE MAGNOLIA POWER PROJECT: <br />(I) AUTHORIZING THE REFUNDING OF CERTAIN OUTSTANDING <br />BONDS; (11) AUTHORIZING THE EXECUTION AND DELIVERY OF <br />(A) A THIRD SUPPLEMENTAL INDENTURE OF TRUST <br />AUTHORIZING THE ISSUANCE OF THE MAGNOLIA POWER <br />PROJECT A, REFUNDING REVENUE BONDS, 2007-1, (B) A PURCHASE <br />CONTRACT, (C) A REMARKETING AGREEMENT, (D) INTEREST <br />RATE SWAP AGREEMENTS AND RELATED DOCUMENTS, AND (E) <br />ONE OR MORE INSURANCE AGWEMENTS; (111) AUTHORIZlNG <br />CERTAIN RELATED ACTIONS; AND (IV) AUTHORIZING THE <br />OFFICERS OF THE AUTHORITY TO DO ALL OTHER THINGS <br />DEEMED NECESSARY OR ADVISABLE <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHERN <br />CALIFORNIA PUBLIC POWER 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 California Public Power Authority (the "Authority") are <br />hereby authorized to exccute and delivcr a Third Supplemental Indenture of Trust relating to the <br />Magnolia Power Project A, Refunding Revenue Bonds, 2007-1 (the "Bonds"), from the <br />Authority to U.S. Bank National Association, as Trustee, in substantially the form on file with <br />the Authority, with such changes, insertions and omissions (subject to Paragraph 9 hereof) 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 />Supplen~ental Indenture of Trust, as exccuted and delivered, is hereinafter refcrred to as the <br />"Supplemental Indenture." The form of such Supplcmental Indenture is hereby made a part of <br />this Resolution as though set forth in full hcrcin and the same hereby is approved. <br />The issuance of the Bonds is hereby authorized, subject to the provisions of this <br />Resolution, the Indenturc of Trust, dated as of March 1, 2003, from the Authority to US. Bank <br />National Association, as Trustee (as heretofore 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 yeas and shall bear interest all as provided in the Indenturc of Trust and <br />the Supplcmental Indenture. <br />The form of the 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 lndenture of Trust and the Supplemental Indenture, as <br />applicable. <br />The Bonds shall he secured by thc 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