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Draft of 8/3/95 <br />[Roll Call Vote] <br />RESOLUTION NO. 1995-17 <br />RESOLUTION OF THE BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY (I) AUTHORIZING THE <br />EXECUTION AND DELIVERY OF AMENDMENT NUMBER 1 TO <br />INVESTMENT AGREEMENT AMENDING THE INVESTMENT AGREEMENT <br />RELATING TO THE AUTHORITY'S MULTIPLE PROJECT REVENUE <br />BONDS WITH RESPECT TO THE PERMITTED USES OF MONEYS <br />WITHDRAWN FROM THE INVESTMENT AGREEMENT AND (11) <br />AUTHORIZING THE OFFICERS OF THE AUTHORITY TO DO ALL OTHER <br />THINGS DEEMED NECESSARY OR PROPER <br />BE IT RESOLVED by the Board of Directors of the Southern <br />California public Power Authority (the "Authorityw) as follows: <br />1. Each of the President and Vice president and each of <br />the Secretary and any Assistant Secretary of the Authority are <br />hereby authorized and directed to execute and deliver an Amendment <br />Number 1 to Investment Agreement (the lnAmendmentll), dated as of <br />July 1, 1995, by and among PNC Bank, N.A. (the successor to <br />Pittsburgh National Bank), the Authority and Bank of America <br />National Trust and Savings ~ssociation, as trustee (the tlTrusteelt) , <br />to the Investment Agreement, dated as of January 4, 1990, by and <br />among the Authority, Pittsburgh National Bank and the Trustee, and <br />each of the Secretary and any Assistant Secretary of the Authority <br />is hereby authorized and directed to affix the seal of the <br />Authority thereto. The Amendment shall be in substantially the <br />form attached hereto, with such changes thereto as shall be <br />approved by said President or Vice President upon consultation with <br />the Authority's bond counsel (such approval and consultation to be <br />conclusively evidenced by his execution and delivery thereof). <br />2. Each of the President, Vice president, Secretary and <br />any Assistant Secretary of the ~uthority, and any other officer of <br />the Authority, is hereby authorized and directed to execute and <br />deliver any and all documents and instruments and to do and cause <br />to be done any and all acts and things necessary or proper for <br />carrying out the transactions contemplated by this Resolution. <br />3. The Authorized Authority Representatives designated <br />in Section l(a) of the Authority's Resolution No. 1995-16 are <br />hereby authorized and directed to invest moneys withdrawn from the <br />Investment Agreement pursuant to section 3 thereof for purposes of <br />purchasing Government Obligations (as defined in the Bond <br />Indenture, dated as of August 1, 1989, between the Authority and