HomeMy WebLinkAboutResolutions - No. 80-519
RESOLUTION NO. 80-51
AUTHORIZING COUNCILMAN RICHARD L. HUGHES
TO SERVE AS A MEMBER ON EACH OF THE FOUR
NON-PROFIT CORPORATIONS TO BE FORMED
WHEREAS, the Northern California Power Agency has approved
the formation of four non-profit corporations to act in its behalf
in financing, constructingand operating its geothermal projects
as follows:
NORTHERN CALIFORNIA MUNICIPAL POWER CORPORATION
NO. ONE
NORTHERN CALIFORNIA MUNICIPAL ELECTRIC CORPORATION
NO. ONE
NORTHERN CALIFORNIA MUNICIPAL POWER CORPORATION
NO. TWO
NORTHERN CALIFORNIA MUNICIPAL ELECTRIC CORPORATION
NO. TWO
WHEREAS, the corporations designated No. One shall relate
to the RFL project and those designated No. Two shall relate to
the Shell project and in each case the power corporation shall
function to construct and operate the project and in each case
the electric corporation shall function to issue tax exempt debt
for the project and lend funds to the power corporations; and
WHEREAS, the four articles of incorporation provide that
each member of the development fund shall designate one member
of the corporation, which corporation member shall have the same
voting power as his development fund principal and their members
of the corporation shall then elect the directors of the corpora-
tion.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Lodi that Councilman Richard L. Hughes, shall be the
member for the City of Lodi, California, of the following non-profit
corporations organized by and acting on behalf of the Northern
California Power Agency; and
BE IT FURTHER RESOLVED that City Manager Henry A. Glaves,
Jr., shall be the alternate member for the City of Lodi, California,
of the following non-profit corporations organized by and acting
on behalf of the Northern California Power Agency:
NORTHERN CALIFORNIA MUNICIPAL POWER CORPORATION NO. ONE
NORTHERN CALIFORNIA MUNICIPAL POWER CORPORATION NO. TWO
NORTHERN CALIFORNIA MUNICIPAL ELECTRIC CORPORATION NO.
ONE
NORTHERN CALIFORNIA MUNICIPAL ELECTRIC CORPORATION NO.
TWO
and they shall serve at the pleasure of the Council.
Dated: April 2, 1980
I hereby certify that Resolution No. 80-51 was
passed and adopted by the City Council of Lodi
in a regular meeting held April 2, 1980 by the
following vote:
Ayes: Councilmen - Hughes, Katnich, McCarty
Pinkerton and Katzakian
Noes: Councilmen - None
Absent: Councilmen - None
ALICE M. REIMCHEY
CITY CLERK
80-51