LEGISLATIVE YEAR 2021
RESOLUTION: R-21-181
PURPOSE: Authorizing Pennichuck Corporation and Pennichuck East
Utility, Inc. to enter into a loan with CoBank, ACB
ENDORSERS: Alderman-at-Large Lori Wilshire
Se: Pennichuck Special Water Committee
FISCAL NOTE: None.
ANALYSIS
This resolution approves the proposal by Pennichuck Corporation and one of their regulated
public water subsidiaries to enter into a loan as described in the resolution.
We have forwarded additional information provided by Pennichick on the proposal to the Board
of Aldermen.
Article IX (3) of Pennichuck Corporation’s Articles of Incorporation and Article V $2 of the
Pennichuck Corporation's by-laws requires City approval for the borrowing.
Approved as to form: Office of Corporation Counsel
By: Veto, Con te _
Date: aA OcrAnix«, PoOo-
