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Oi1L or 1(1111.11. lilt lit 11 id '- 11 1.. i:, ,;It' -• )!lI!:i!)•It1 `11
<br />N',it' :, (13AN':) Lrl ii _ t il! 1 ;r; ,'1t !w r:,; l !),)nd
<br />t s �._�, i.Io.00 , (' it'C')W ' )., •1"l ii,'�•i:, t. „ „t. 1'1,l
<br />t:1 C' t Cu.`itE'c_ !`.0 L:`.V(':it i:.': in 1 r:liRent
<br />or col ]at t'•r,ll 1 .. ;+'t'ilt I I 1'11 1 1 f t't'^ tp1' t:I t' L ll:;t_
<br />of .i t:'1k,� oil' (.,o lilt i, tt ine;i ". t : + r i r-il it i' ,`IIA. Tho F I HA
<br />'gt)uLd t11'_rr'h';' ClJ:i1111rt tc) i'`1 i :11'- !7•)'11:;, Il.bjt'^t t Cta:ii
<br />col1Cl L t ioii-'3 .
<br />In June 1.930, tht, Co, in h() cl $ 150,01)11 1-roin Fir:,t t'i; rtl ,
<br />13,1nk tor t -i,(. folluwincj ,)LIC1)+-),;
<br />1) to �ic qn i re a 411 :i( -l'+ ; i t)' t -or t Ii = ,'vorst, o!".11.0:" 1
<br />plant; and
<br />2) to finance :i tt!:it ',aol l clr i ll in,t r)rwir. am.
<br />Bond counsel and underwrib_,rCi counsel ilav'_' acivised again:,'
<br />i:;suing BAN.; inc.lusiae ()r that "450,000.00. Further, tae
<br />cannot allow roloa (-,� of 1:1`! Of the BAN:-, nriyct od.,, for
<br />.;I -t. uct ion (1L aw(It)wrl Ur• ft): t:titi LItint 1 1 such t LIC!''
<br />,1:7, th- R,01A talo nut coiiii:li tt-rioiit' 1ttor i:; i,1 hand.
<br />Therefor^, sub jo? t to till? t (.)1.'11'' t :i appriw,ll r Vt cotlId
<br />to Issu(' BAN:; iIl t11e Ipil t.ox LIn•lt+' ,l al) lilt r) 1. ), 375,000 4JLtll
<br />not. BANS procef:r'i.: t-,:;crc)t•J d an:1 i nvo.,ted tilt i 1 r''ct_-i 1)t :)y
<br />tilt_' Trustee of tilt-' FmHA tako o!!' cominittment lot -ter.
<br />.Sub]t'_':t tr) Inilrk"t ("-onclit-ion'; •111'1 'y'i+''l,l .;j)rt',t•l:; fat:! lR:I`•' Cl.t`:'"
<br />to:
<br />l_) fil()(Ii l y thy'! I7r L:1c' x);11 „l )lint of 1-11+` iiAN; ; to trot o,. '_
<br />f -h" .;f?C".ul" LtV of t -'ho r1ilL'' iii)l+3 'r ' "n 1
<br />2) requunt;
<br />the BOIL
<br />.1 UL
<br />to pass a
<br />reg olut iur,
<br />L-) al.lowahl�
<br />int:"r't�:;fi r..�t � (thi.;
<br />-ll,ly have
<br />:104-I1
<br />covered
<br />atlr_cluat''Iv
<br />by r , :-r)l;ltit,n 1.1';k.
<br />S1)r incl,
<br />hitt
<br />h<>u l t1
<br />hc! t:httc , tl
<br />r))-C?arn contact in,., or, in ilt';'1' i 1 1 `•r 11 11)1):1 ;hOal t1
<br />yc-'u ?1•a':'e any que:;t- ions or r,• lu i ;-cam ild i t ion.l i c- lar if ic.1t i tin.
<br />wo will iiW.l lt. your 'lt't'.. 1, 11 .l Vit) !Iow I
<br />1: hoard G.
<br />EGLJr/nb
<br />cc: Mr. Patrick 13. Lyons
<br />Mr. Richard Bird
<br />Mr. Grover Fletchor
<br />Mr. Don Scurlock
<br />Mr. William C. Wodt:r:'*, Jr.
<br />Por. L. S. 'Phorias
<br />Mr. George Collins
<br />Mr. Jud Freeman, Jr..
<br />Mr. Charlie IILlrinelI
<br />Mr. Bill Weather-.
<br />Mr. WMA::
<br />t:;
<br />DEC 17 1980 15
<br />5 pAGE JU5
<br />I
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