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Fornl FtnHA 442-47 LOAN RESOLUTION ow 3
(Rev.4-9-76) (Public Bodies)
ARESOLV■ION OF THE ------------- rJ--of--DL44Wt -11-----_--._-_----_-------------------__--_--_---_-_-_----.._.._----__----------__-•__--+-----
OF THE •w.__« � �- r- - -.- _� M--_->•-____•,_-r--_,--i-_-___-..__w�Fr•-------
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AUTHORIZING AND PROVIDING FOR THE INCURRENCE OF INDEBTEDNESS FOR THE PURPOSE OF
PROVIDING A PORTION OF THE COST OF ACQUIRING,CONSTRUCTING,ENLARGING,IMPROVING,AND/OR
EXTENDING ITS --------- ------------------------- .___-----------
FACILITY TO SERVE AN AREA LAWFULLY WITHIN ITS JURIDICTION TO SERVE,
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WHEREAS,:AS, it is necessary for the -----.--•-•--- �-• �e�=•-� �-,-��;"
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(Herein after called association) to raise a portion of the cost of such undertakingb issuance of its onds in theprincipal
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a nio u n t of-4 2 51 ,800 (Two hundred f i f ty one thousand e _---_.�._________w___�___�_
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pursuant to tlic provisions of•-•��-�;-�t-•���--�-•� --��tb-�-�--��-�-����--� �--o�---��•-�-tit$--��.—_- ------ .
N�'I11 REAS, the association intends to obtain assistance from the Farmers Home Administration UrA@3 VaWMPpartment
of Agriculture, (herein called the Government)acting under the provisions of the Consolidated Farm and Rural Development
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Act (7 U.S.C. 1921 et seq.) in the planning, financing, and supervision of such undertaking and to purchasing of bonds
lawfully issued, in the event that no other acceptable purchaser for such bonds is found by the association:
NOW TI tI:RE FORE, in consideration of the premises the association hereby resolves:
I. To Dave prepared on its behalf and to adopt an ordinance or resolution for the issuance of its bonds and containing
SLI 11 items and in such forms as are required by STATE statutes and as are agreeable and acceptable to the
Government. ,
• 2. To refinance the unpaid balance, in whole or in part, of its bonds upon the request of the Government if at
ally time it shall appear to the Government that the association is able to refinance its bonds by obtaining a loan
fur such purposes from responsible coolxrative or private sources at reasonable rates and terms for loans for similar
purposes and periods of time as required by section 333(c) of said Consolidated Farm and Rural Development Act N
(7 U.S.C. 1953(c)).
3. 1'o provide for, execute, and comply with Form FmIiA 4004, "Nondiscrimination Agreement"; and Form
['-m l 1A 400-11 "Equal Opportunity Agreement", including an "Equal Opportunity Clause", which clause is to be in-
corporated in, or attached as a rider to, each construction contract and subcontract involving in excess of$10,000.
4. TO i"Jell"I fy the Government for any payments nude or losses suffered by the Government on behalf of the
association. Such inden'nification shall be payable from the same source of founds pledged to pay the bonds or any
other legally perniissable source.
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5. "I'luat upon default in the payments of any principal and accrued interest on the bonds or in the performance of any
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covenant or agreement contained herein or in the instruments incident to making or insuring the loan,the Government, a>
:it its option may (a) declare the entire principal amount then outstanding and accrued interest immediately due and
payable, (b) for the account of the association (payable from the source of funds pledged to pay the bonds or any
other legally permissable source) incur and pay reasonable expenses for repair, maintenance, and operation of the
facility and such other reasonable expenses as may be necessary to cure the cause of default, and/or (c) take
possession of the facility, repair, maintain, and operate or rent it. Default under the provisions of this Resolution or
any instrument incident to the making or insuring of the loan may be construed.by the Government to constitute
del'aUlt under any other instrument held by the Government and executed or assumed by the association,and default
under any such instrument may be construed by the Government to constitute default hereunder.
G. Not to sell, transfer, lease, or otherwise encumber the facility or any portion thereof,or interest therein not permit
others to do so,without the prior written consent of the Government.
7. Not to borrow any money from any source, enter into any contract or agreement, or incur any other liabilities in
connection with making enlargements, improvements or extensions to, or for any other urpose in connection with
the facility (exclusive of normal maintenance) without the prior written consent or the Government if such
undertaking would involve the source of funds pledged to pay the -bonds.
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S. To place the proceeds of the bonds on deposit in an account,in a bank,and in.a manner approved b the Government.
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FmHA 44247(Rev.4-9-76)
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9. To comply with all applicable State and Federal laws and re utations and to co •� continually operate and maintain the
facility in good condition.
lo. To provide for the receipt of adequate revenues to •
q meet the requirements of debt service,operation and maintenance,
and the establishment of adequate reserves.No free service or use of the facilitywill b e permitted.
11. To acquire and maintain such insurance coverage including fidelity bonds as i
g ng y may be required by the Government.
12. To establish and maintain such books and records relatingto the operation of facility •
pe the facility and its financial affairs
and to provide for required audit thereof in such a manner as may be required b the
Y q y Government.,to provide the
Government without its request, a copy of each such audit, and to make and forward
or and to the Government such ;
additional information and reports as it may from time to time require.
13. To provide the Government at all reasonable times access to all books and record '
s relating to the facility and
access tote property of the system so that the Government may ascertain that the association i 's complying piy�ng with
the provisions hereof and of the instruments incident to the makingor insuring of the 8 loan.
14. To serve any applicant within the service area who desires service and can be feasibly
and legally served, and to ...-�;
obtain the concurrence of the Farmers Home Administration prior to refusingservice
to such ch applicant. Capon the
failure to provide such service which is feasible and legal such applicant shall have a di • •8 P1' rest right of action against
the association under this agreement.
The provisions hc,�rcof and the provisions of all instrurnenis incident to the ma or the incur
specifically g ing of the loan,unless otherwise
provided by the terms of such instruments, shall be binding upon the association as longthe a s h bonds are Feld
or insured by the Government. The provisions of sections 6 through 13 hereof may be for '
Ye provided r in more specific detail
in the bond resolution or ordinance; to the extent that the provisions contained in such bond resolution d'or ordinance should
be found to be inconsistent with the provisions hereof, these provisions shall be construed as controlling' a between the
association and theGovernment.
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The vote was: Yeas Nays - ; Absent ---__M•�__.._� ,
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IN WITNESS WHEREOF, the ------�.�-r_����_��_�.�.��Q1:..� ___w___e...•_____�_.�.�_ of the
_r_rrr�r.•�,_•►_w_«_..____r...__ has duly adopted this Resolution and caused -t
it to be executed by the officers below _7
in duplicate on this -��x-fir-_ day Of _r___•_�r L.3__N_vw_w_,._____�__ti__rr__•_•_-
Y , 19
Truckee Donner Public U t i l i't District
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Attest: Pres i dent of the Board of D i rectors
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A. M i l ton S e yrzl()u r
Clerk 'o f the Board
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CERTIFICATION
CIerk of the Board Truckee Donner Pub '1, the undersigned, as of the t i c U t l i ty D o s t r t c t
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hereby certifythat the Board cif D i rectors
of such Association is composed of
M'_•_ _r _.►--a tw r-.�_Y r r�.-.w_-_M M f____.!�-M,•_wiR,�•_M___M_M:_r r_-�_.�_r'_�__M M r M.__. p
.�_____ iz�cnibers o w1 ----- 3 .
f tom _____«.___N_ , constituting a quorum, were present at a meeting Y thereof dui called and
Z4 t h April 8
licld on the -•--__�.��.� day of ---- ?. .N- _-_wfM�_M�____.O_____��N.yrr__!_••-~ , 19 --�--- , that the foregoing resolution was adopted at �ft
such meeting by the vote shown above; and that said resolution has not been rescinded or amended in any way.
ilatcd tws - 2 t f� .��__ __l p t I $
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0 U.S. G.P M 0. 1976-665-�f64/1891 REG.46 A. Milton Se, rnou r fi
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