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Section 1. That the recitals contained in the preamble to this resolution are determined to be <br />true and correct and are hereby adopted as a part of this resolution. <br /> <br /> Section 2. That the Articles of Incorporation and Bylaws of Cities Aggregation Power <br />Project, Inc., a political subdivision corporation, attached hereto and incorporated herein for all <br />purposes as Exhibits A and B, respectively, are hereby approved. <br /> <br />Inc. <br /> <br />Section 3. That the City of Paris accepts membership in Cities Aggregation Power Project, <br /> <br /> Section 4. That the City of Paris approves payment of an initial fee assessment equivalent <br />to 1/2 of 1% of the total annual electric bill of the City of Paris in the year 2000. Such fee shall not <br />exceed $14,000.00. <br /> <br /> Section 5. That the City of Paris hereby appoints the City Manager, or his lawful designee, <br />to serve as the City of Paris's representative to the corporation and to act on the City of Paris's <br />behalf. <br /> <br /> Section 6. That all resolutions and parts thereof in conflict herewith are hereby expressly <br />repealed insofar as they conflict herewith. <br /> <br /> Section 7. That this resolution shall take effect immediately from and after its adoption and <br />it is accordingly so resolved. <br /> <br />PASSED AND APPROVED this 26th day of March, 2001. <br /> <br />Michael J. Pfiester, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br /> <br /> <br />