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[Roll Call Vote] <br />RESOLUTION NO. 1995-26 <br />RESOLUTION REGARDING FINANCING FOR THE COST OF <br />ACQUISITION OF CAPACITY RELATING TO THE PAL0 VERDE <br />PROJECT: (I) AUTHORIZING THE EXECUTION AND DELIVERY OF <br />(A) A SUBORDINATE INDENTURE OF TRUST AND AUTHORIZING <br />THE ISSUANCE OF SOUTHERN CALIFORNIA PUBLIC POWER <br />AUTHORITY POWER PROJECT REVENUE BONDS, 1996 <br />SUBORDINATE REFUNDING SERIES A AND (B) A SIXTEENTH <br />SUPPLEMENTAL INDENTURE OF TRUST WITH RESPECT TO THE <br />PAL0 VERDE PROJECT; (11) AUTHORIZING THE CURRENT <br />REFUNDING OF OUTSTANDING BONDS ISSUED UNDER THE <br />SENIOR INDENTURE; (111) AUTHORIZING THE EXJXUTION AND <br />DELIVERY OF A PURCHASE CONTRACT WITH DESIGNATED <br />UNDERWRITERS; (lV) AUTHORIZING THE DELIVERY OF A <br />PRELIMINARY OFFICIAL STATEMENT AND THE EXECUTION AND <br />DELIVERY OF ONE OR MORE OFFICIAL STATEMENTS; (V) <br />AUTHORIZING CERTAIN RELATED ACTIONS; AND (VI) <br />AUTHORIZING THE OFFICERS OF THE AUTHORITY TO DO ALL <br />OTHER THINGS DEEMED NECESSARY OR ADVISABLE <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE <br />SOUTHERN CALIFORNIA PUBLIC POmR AUTHORITY AS FOLLOWS: <br />1. Each of the President and Vice President and each of the Secretary <br />and any Assistant Secretary of the Southern California Public Power Authority (the <br />"Authority") are hereby authorized to execute and deliver a Sixteenth Supplemental <br />Indenture of Trust, by and between the Authority and First Interstate Bank of <br />California (or the successor thereto), as trustee (the "Trustee"), dated as of Januq 1, <br />1996, in the form on file with the Assistant Secretary of the Authority, with such <br />changes, insertions and omissions (subject to Paragraph 8 hereof) as shall be approved <br />by said President or Vice President (such approval to be conclusively evidenced by his <br />execution and delivery thereof); and each of the Secretary and any Assistant Secretary <br />is hereby authorized to affi the seal of the Authority thereto (said Supplemental <br />Indenture, in the form in which executed and delivered, is hereinafter referred to as the <br />"Sixteenth Supplemental Indenture"). The Sixteenth Supplemental Indenture is hereby <br />made a part of this Resolution as though set forth in full herein and the same hereby <br />is approved. <br />2. Each of the President and Vice President and each of the Secretary <br />and any Assistant Secretary of the Authority are hereby authorized to execute and <br />deliver an Indenture of Trust, dated as of January 1, 1996, from the Authority to First <br />Interstate Bank of California (or the successor thereto), as trustee (the "Subordinate <br />Trustee") in the form on file with the Assistant Secretary of the Authority, with such <br />changes, insertions and omissions (subject to Paragraph 8 hereof) as shall be approved <br />by said President or Vice President to provide for the terms of the Authority's Power <br />Project Revenue Bonds, 1996 Subordinate Refunding Series A (the "Subordinate Bonds")