20030515Loan Extension.pdf

GIVENS PURSLEY LLP c VED
LAWOFFICES Gary G.Allen FranklinG.Lee Michael C.Orr277North6thStreet.Suite 200 Chrstopher J Beeson David R.Lombardi Kenneth L.Pursley
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May 15,2003
VIA HAND DELIVERY
Terri Carlock
Idaho Public Utilities Commission
472 W.Washington
P.O.Box 83720
Boise,ID 83720-0074
Re:Columbine TelephoneCompany,Inc.RTFC $8,400,000 Loan
Our File:1534-42
Dear Terri:
Per our telephone conversation,this letter confirms our agreement that the deadline for
the Commission's decision on Columbine TelephoneCompany's $8,400,000RTFC loan should
be extended until May 31,2003.
Also,I am enclosing the executed original and four copies of Columbine's Exhibit A inthiscase.
If you have any questions,give me a call.
Si rel ,
Conle d
CEW/tns
Enclosure
S:\CLIENTS\l534\42\CEWto Carlock re Commission's decision deadline.DOC
RECENED E
CERTIFIED COPY OF MINUTES AUTHORI NPM V 17APPLICATIONANDAGREEMENT
I,Bonnie E.Hoopes,do hereby certify that:I am the Secretaryof ColumbineTelephoneCompany,Inc.(the "Corporation").
The following is a true and correct copy of excerpts from the minutes of a meetingoftheBoardofDirectorsoftheCorporationheldApril30,2003,as they appear in theMinutesBookoftheCorporation,said resolutions duly adopted thereat;the meeting wasdulyandregularlycalledinaccordancewiththebylawsoftheCorporation;the LoanApplicationandAgreement(the "Agreement")to be submitted to Rural TelephoneFinanceCooperative("RTFC")was authorized by the Board of Directors and saidresolutionshavenotbeenmodifiedorrescinded:
The Board of Directors of Columbine TelephoneCompany havingbeen advisedbyitscounselthattheCorporationislegallyconstituted,is in compliance with allapplicablestatutory,regulatory and other legal requirementsand is in good standing,andthatanapplicationtobemadetoRTFCforaloananditsapprovalbyRTFC,togetherwiththeexecutionofanagreementasauthorizedbytheBoard,will constitute valid andbindingobligationsoftheCorporation,enforceable by and against the Corporation,inaccordancewiththetermsofthesedocuments;
RESOLVED,that the Corporation borrow from the Rural TelephoneFinanceCooperative("RTFC")an amount which shall not exceed in the aggregate$8,400,000 for a term as set forth in the Agreement,and at such interestrate orratesasshallbeprescribedintheAgreementexecutedbyandonbehalfoftheCorporationanddeliveredtoRTFC,the proceeds of such loan to be used forpurposessetforthintheAgreementandconsistentlywiththerequirementsofexistingagreementsandsecuritydocumentsoftheCorporation;and,
RESOLVED,that the President of the Corporation be and is hereby authorizedtoexecute,on behalf of the Corporation,an agreement substantiallyin the form oftheAgreementpresentedtothismeeting,to revise and modify said Agreementwithintheamountsoauthorized;and to apply such further documents as may beneedtocomplywithRTFC's requirements;and,
RESOLVED,that the President is authorized on behalf of the Corporation torequestandreceivefundspursuanttotheAgreement;and,
COLUMRINE TELEPRONE COMPANY
CAsic No.COL-T-03-
EXIllitrr A
RESOLVED,that the appropriate officers are authorized to take all actions theydeemadvisabletocarryoutthepurposeoftheseresolutions.
IN WITNESS WH,EREOF,I have hereugderset my hand and affixed the seal oftheCorporation,this 7Ë day of $(Lf ,2003.
Secretary
COLUMBINE TELEPHONE COMPANY
CASE No.COL-T-03-
ExmmT A