Finance Committee Report
April 6, 1971



Members, Board of Trustees:

                RESOLUTION RELATING TO
                ALTERNATE PAYING AGENT



1?



(I-



Recommendation:

         That the attached resolution be adopted.

Background:

         The successful bidder for the series A revenue bonds sold
at the last meeting of the Board of Trustees has the right, under the
terms of the sale, to name an alternate paying agent. The successful
bidder has named Chemical Bank, New York, New York as the alter-
nate paying agent. The recommended resolution formalizes the desig-
nation of the Chemical Bank as alternate paying agent.



Action: Approved     X      Disapproved

Date:    April6       1971



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