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RE50LUTION NO. 2s
AUTHORIZING THE EXECUTION OF DOCUMENTS FOR THE
MICROENTERPRISE PROGRAM
WHEREAS, the Town of Pulaski has received grant funding to undertake a
Microenterprise Loan Program; and,
WI~REAS, the participating banks have requested that individual or individuals be
designated by the Town Council to sign any guaranty agreements or other
documents needed to carry out the purposes of the program;
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town. of
Pulaski, Virginia, that the Town Manager (and in his absence any acting Town
Manager) and the Town Finance Director (and in her absence any acting Finance
Director) or any persons in those positions are hereby designated and authorized to
jointly execute any guaranty agreements or other documentation necessary and
proper to carry out the Microenterprise Loan Program with the Town of Pulaski,
Virginia, in the name of the Town of Pulaski, and on its behalf.
Provided, however, that this authorization is for the commitment and lending of
grant funds and nothing contained herein shall be deemed a general obligation of the
Town.
This resolution is effective upon adoption and adopted by duly recorded vote of the
Town Council of the Town of Pulaski, Virginia, on this 2na :day of December,
1997 as follows:
James M. Neblett
Lane R. Penn
Bettye H. Steger
Charles W. Stewart,
Jr.
Aye W. Edgar Hale
Aye Joseph L. Weddle
Aye Pauline G. Mitchell
Aye Gerald E. Bolen
Ave
Ada
.Aye
Aye
By: i
John A. Jo ston, Mayor
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AT ST: ~/
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Ruth Harrell, Clerk of Council