HomeMy WebLinkAboutResolution No. 627RESOLUTION 627
RESOLUTION OF THE AZUSA REDEVELOPMENT AGENCY
BOARD OF DIRECTORS APPROVING AN UNDERWRITING
AGREEMENT BETWEEN THE AGENCY AND MORGAN KEEGAN
& COMPANY, INC. TO PURSUE DEFEASANCE OF THE
1979 MORTGAGE REVENUE BOND ISSUE
WHEREAS, the Agency desires to defease the 1979 Mortgage
Revenue Bond Issue set forth in the agreement as attached hereto
in order to best accomplish the goals and purposes of the
Agency; and
WHEREAS, Morgan Keegan & Company, Inc. desires to underwrite
said defeasance.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of
the Redevelopment Agency of the City of Azusa as follows:
SECTION 1. That certain Underwriting Agreement by and
between the Redevelopment Agency of the City of Azusa and Morgan
Keegan & Company, Inc., dated as of September 5, 1989, is hereby
approved and the Chairman of the Agency is hereby authorized to
sign and execute said Agreement on behalf of the Agency in
substantially the form as attached hereto and incorporated herein
by reference.
SECTION 2. The Secretary shall certify the adoption of
this Resolution.
APPROVED AND ADOPTED the 2nd day of October , 1989.
EugeqV F. Moses
Chaff man
I HEREBY CERTIFY that the forgoing resolution was duly
adopted by the Redevelopment Agency of the City of Azusa at a
regular meeting thereof, held on the 2nd day of October
1989.
AYES: DIRECTORS: AVILA, STEMRICH, LATTA, MOSES
NOES: DIRECTORS: /J NONE
ABSENT.: DIRECTORS: // / NARANJO
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