Kentucky Public Service Commission

Taylor County R.E.C.C.

IN THE MATTER OF THE APPLICATION OF TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION TO BORROW AN ADDITIONAL SUM OF $2,150,000 FROM THE UNITED STATES OF AMERICA AND TO EXECUTE A NOTE FOR SAID AMOUNT AND TO CONCURRENTLY BORROW FROM THE NATIONAL BANK FOR COOPERATIVES THE SUM OF $921,000 AND TO EXECUTE ITS NOTE THERFOR TO BE SECURED BY AN EXISTING COMMON MORTAGE HERETOFORE EXECUTED AND FOR A CERTIFICATE OF CONVENIENCE AND NECESSITY AUTHORIZING IT TO CONSTRUCT AND MAKE ADDITIONAL IMPROVEMENTS AND EXTENSIONS TO ITS EXISTING SYSTEM.