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P.ESOLUJ'ION 110. 7
P.ES01Ul'IOlr A1JTHORIZTI1G EXECUTION OF SECTION 8 ROUSDl"G
ASSIS'I'Al,CE p-",..nr&iITS PROG..'l.AN l'lIiliTER S:::C'IION 8 AmmAL
COJ\'TRIBli1'IOHS COl?ERACT NO. SF-520 AND FROVDJmG
FOR A GEHEPcAL DEPOSITARY ACf::.t:ZlIEl;-r FDR~ millS TO :BE
REQUISl"TlOiillD PiJRSU.Alrr TO SAID C01~RACT
w7iERR!l.S, the :B:ousir..Z_~~thoTl ~ of the Citl. of SantB; Honica '"' _,
(herein call<3d tne "rublic Honsing J..g~c;y-") proposes (1) to enter :l.nto a. Seotion 8
RousL~ AssiBt~lce Pa:r.mente Progx?~ l~.st€r Sect.icn 8 A1lnual Contricutions Contract
(here:L.. called the "Contract") wii;h ihe United S ~()/Ge6 of lunf'rica (herain called the
"G<lveJ.'1J.1?lent"h e..nd (2) to provide I'o!.'" the dcposi1; or 1!'onies p'..u:suant to a. General
DepOSitary Agreement \dth a financial llwt.itutton \im.ch is a mem.bar of the Federal
Ileposit Ins=a11ce Corpora.tion (herem called tho ":Br.nkH); all with respect to an;r
."Projecl." as defined in the Contract, and \Iluch at ~::r tin:e, llOW or herea.:f.'tor, is
incoX',Doratei 11.11der th~ term1'l of such Contract:
}~E IT RESOLV"RD BY TIrr:: l"UJ3LIC E:OUSn~G .AGEHC'{, !J3 l?OT..:u:r",rs:
Section 1. The proposed Contractf desi5l1ated "Section 8 Reusing Assistcnc6 P~ents
J?-.ccgram r'Bster Section 8 l.3.lnu.a.l Coni;ributbns Contri.<.ct". plL'em.tan l; to the Ur.i ted
States HoasL~ ~ct of 1937. as amended, con3ist~Lg of Three Parts, is hereby cp~~oved
~nd 1J0cG:ilted both as to rom a:ld Subst8J1Ce, p.nd the Chairm..'in
is hereby authorized 8ud di=ected to ~ccute said Co~tract in throe 'count~rp~-ta on
behalf of the PQblic Eouc:in~ Agency and to' for...~--d (;-\loh e~~ccuted. counterp!U'ts to the
G'Jvernment, t0501;her Hi th such other dOCU22:nts evidencir-..s the approval @d c.utho:dzj.ng
the ~xecution th8~eof as ~~ be required by the G~ve~~ent.
Section 2. T18 General D~po8itary AeT.ee~ent is hereby approved ~1d accsptcd both as
to fCrL1-~Yl1 SU~.S tan.ce :::r).d 'the CJ:e.lr:-". -'lTl 1::0 he:::;;by
au~hoxized aIlri dirE-dad to w:ecutesz.id lje;:'~cc!:l8!lt in triplicG.to on bchslf o+: the
Public Hr;;usi.ng Ag--ency I 8....'1d the Secretary is :te:rcby
authorized and directed to J.l."1press and att'es-tt1ie off:!cia.lseal of the Publio Rou<<f.ng
1;g'2m.ey on each slich c01mterpa.rt and to fO~.I3:Cd three executed CO\L'1tel-pa:..-o6 th('re'Jf to t
C~ver~ent together with such other dCCV2cnts ev:ldencing the ~pproval &nd authori~i~
the execution thE'reof as DJaY be requJ.xed by the Government.
Seoil,on 3. The Cha~rQan, Vico-Ch~ir~zn or Secretar~
is hereby {':1.thorizBd aDd directed to file wii.h the Goyerrun.en't from t:Lne to time as
pe~~nts are ~~q'lired, requisitions tOGeth3I' with the necessaL~ supporting doc'~~entB
requesting periou2c pE~{Wsnts to be ~2de on kCCQunt of the f~nual Contribu"ior~ Cc~tract
and the prO~')er o:'i'lcer3 of the Pnblic !lousing /.SCDe-y r,;lall prep~e, execute and tieliver
to the Govenr::snt Faid I'G'l'.1isitions in a. for:!l :p:ccsc:dberi by '~he G~vernment e'ld sr.sll
accept VaYThout t~erefor from the GoYe~7t"cnt ~1d 8uch pe~Bons are aut~ori~ed to do and
~e~fc~ all other thil~& f~,l acts requiroa to be dene or Feriorm~d in orJcr to obtain
3~ch p3}~ents, .'hjch s~all be der0sited Elld disbuxced oDly L~ aocor~~ca ~i~~ the
provisions of the Lr.r.-c:.al COTI-tI'J.bu:tions Contract.
Se<:; L i.oY! 4.. This Resolution ::;11a11 ta}:e ei'i'&ot iJrmediately.
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CEB.TJI:JQi'fE O? RECORDI!;G OkJi]CER
I, the undersigned, iQe duly ~)a)if;Ld and acti~g as Secret~ry rro Tempore
of the Housing Authority ~~~~.l.i.!L~U~'Jnta Monic:!_ Cal ifornia --
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do hc~cby certif3:
1. ~'hat the attached RCBolution i~ a t~QC and correct copy of a
Resolu~ion as iiLally uiopted 'at a (uly calLed meeting of the
Housing Authority of the City of Santa Monica, California
held on __L~.!Jl~L1Q,--..l.n~__=-_ _
and duly rCGorclc-d in .Ghe oi'fj CJ.al r2cords of srd d Gove:cUiJlg
Body; t.haJG the Pesolut-lOn lla.S not been 2;.,Ended, lliodified, or
reSCll'.cled, a11.d is nO~I ll1 full force and ei'fect;
2. T:'1at -'che ~eG:tir.L5 U2~S du.1y cO::1.vened 8-~ld l:eld ll1 all J:'espects in
1-'1 z CCO:c2.JllC:3 117 th 1 &.i.i s :"11at to the extGilt rGquired by law. due
ana p:roper ~oti~ce of f:.u.:.-:h J::Ge-t;,D)g '.~2.3 given; that a legal qUOi~
",&g p~esellt tiw:o-~[)1cut the 7r~c(;(<;).r-,€ Ll1d that a lce;al1y f.3illficicnt
mElber of t::c'lJ~bers of the Housing ,~uthorlty of the City of
Santa r':on I ca _ Ca 11 fo(~fa-' '--~--,roted in
th;;-~~>::c;pCT-r;a;~n;;;r-ror-;iopt';'~n of:,:aid Resolution; that-all other
~equiLGEcDts end proc0cdlng3 Ufluer Lhe la~ ~~cldent to ihe prorer
adaptlO~ or p~G8a&e of the Resolutict:'., iDCludl~l5 ~ublicatio~, if
rcquil:'ed, have been a.uly f"'.lf~ned, carI~i ed ou t, and o-ther'dise
obsC?~"ed; that I am ~athori~ed to execute this Ce~tificate; end
that ih0 seal G.ff~xea. [;010'.[ eXIsi;} t'ties the official sGal of the
~_.!!.~':'~D.iLA_u.!!22.'J.!.Lof the_.C~tY_0...~~~?n i ca L Ca 1 i forn I a
and th2S Ce(tlficate is h3~oby CXGcutcd und0r such ofiic~al seal.
li'i UlillJESS \{L-cR=OF, I hs,ve h:;rEi!.'..:,to SGt rv h8'1U on
February 10, 1976 ~
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{SEJI.I, ) _~~i4~~~
lhgc1at~ure
I"artha Bro',,'n Hici<s
'l'l'-J'JlG lfu.'1l8) -
Secretary Pro Ten-.pore
(rrl tle)