Resolutions

RESOLUTION 2009-21

A RESOLUTION DESIGNATING AND AUTHORIZING THE MAYOR TO
EXECUTE CERTAIN DOCUMENTS IN CONNECTION WITH THE
REVOLVING LOAN PROGRAM ADMINISTERED BY THE ARKANSAS
NATURAL RESOURCES COMMISSION

WHEREAS, the City of Elkins, Arkansas owns and operates a water and sewer system (the
"System") in order to provide water and sewer service to meet the needs of the City and
its inhabitants; and

WHEREAS, the City Council has determined that it is in the best interest of the City and its
inhabitants to apply for loan assistance from the Arkansas Natural Resources
Commission (the "ANRC") under the Revolving Loan Program (the "Program"), in order
to make certain improvements to the System;

NOW, THEREFORE, BE IT RESOLVED by the City Council of Elkins, Arkansas:

Section 1. That the Mayor of Elkins, as the Signatory Agent or the successor of said Agent,
is hereby authorized and directed to make application for assistance under the Program
administered by the ANRC, execute a bond purchase agreement when approved by the
City Council and instruments issued or made pursuant thereto on behalf of the City from
time to time and execute all other documents and certificates required by the department
for participation in the Program.

PASSED AND APPROVED this 3rd day of September, 2009.