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The Tunica Times • P.O. Box 308/986 Magnolia Street, Tunica, MS 38676

Legal Notices for the Week of Dec. 18, 2015

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The Board of Commissioners (the “Governing Body”) of the Tunica County Utility District (the “District”), took up for consideration the matter of borrowing funds from Ford Motor Credit or a local bank for the purpose of financing the purchase of various vehicles.  Thereupon, Commissioner Cotton offered and moved for the adoption of the following resolution:

RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE TUNICA COUNTY UTILITY DISTRICT (THE “DISTRICT”) DECLARING THE INTENTION OF THE DISTRICT TO AUTHORIZE THE BORROWING OF AN AMOUNT NOT TO EXCEED ONE HUNDRED TEN THOUSAND DOLLARS ($110,000) BY ENTERING INTO A LOAN/LEASE WITH FORD MOTOR CREDIT OR A LOCAL BANK (OR SUCH OTHER DESIGNATED AGENCY) FOR THE PURPOSE OF FINANCING THE PURCHASE OF CERTAIN NEW VEHICLES (THE “PROJECT”); AND FOR OTHER AUTHORIZED PURPOSES.


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