Document Date
Meeting Description
Document Type
Meeting Date
Page Number
56
LEGISLATIVE YEAR 2020
RESOLUTION: R-20-078
PURPOSE: Authorizing Pennichuck Corporation to renew and extend its
line of credit with TD Bank, N.A.
ENDORSERS: Alderman-at-Large Lori Wilshire
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: None.
ANALYSIS
This resolution approves the proposal by Pennichuck Corporation to renew and extend its line of
credit with TD Bank, N.A. as described in the resolution.
Pennichuck has separately provided additional information 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:
Date:
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