Kentucky Public Service Commission

Salt River Electric Cooperative Corp.

In the matter of the application of Salt River Rural Electric Cooperative Corporation for and Order authorizing said corporation to borrow two million three hundred thousand dollars ($2,300,000) from the Co-Bank National Bank for Cooperatives; and to execute a note for said sum to the Co-Bank National Bank for Cooperatives, and to borrow five million, three hundred and sixty-six thousand dollars ($5,366,000) from United States of America, said note to be issued under and secured by a mortgage to be executed by the corporation and delivered to United States of America; the proceeds to be used in the building and erecting of sixty- eight and fifty hundredths (68.50) miles of distribution.