Laserfiche WebLink
374 <br /> <br /> <br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION, that the PEDC lend $4,000,000.00 to Paris Packaging, Inc.; and, <br /> <br /> BE IT FURTHER RESOLVED, that the President, Curtis Fendley, be, and he is hereby, <br /> authorized and directed to execute, on behalf of the PEDC, a loan contract and any and all <br /> documents necessary to finalize the same and bind the PEDC thereto, in the form attached hereto <br /> as Exhibit "A" and incorporated herein; and <br /> <br /> BE IT FURTHER RESOLVED, that said note shall bear interest in an amount not to <br /> exceed seven percent (7%) per annum, and shall be payable to the financial institution or <br /> institutions over a five (5) year period based on a twenty (20) year amortization schedule; and, <br /> <br /> BE IT FURTHER RESOLVED, that this Resolution be executed in accordance with <br /> Section 5.06 of the Bylaws of the Paris Economic Development Corporation. <br /> <br /> PASSED AND ADOPTED this 13th day of July, 1998. <br /> <br /> Curtis Fendley, President <br /> Barney Bray, III, Vice-President <br /> Richard M. Amis, Secretary-Treasurer <br /> Leon Williams, Director <br /> Michael R Rhodes, Director <br /> <br /> ATTEST: <br /> <br /> Richard M. Amis, Secretary-Treasurer <br /> <br /> APPROVED AS TO FORM: <br /> <br /> Scott P. Foster, City Attorney <br /> <br /> <br />