Kentucky Public Service Commission

Taylor County R.E.C.C.

APPLICATION OF TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION TO BORROW AN ADDITIONAL SUM OF $1,541,000 FROM THE UNITED STATES OF AMERICA AND TO EXECUTE A NOTE FOR SAID AMOUNT AND TO CONCURRENTLY BORROW FROM ITS SUPPLEMENTAL LENDER, COBANK, THE ADDITIONAL SUM OF $660,000 AND TO EXECUTE ITS NOTE THEREFOR, SAID NOTES TO BE SECURED BY AN EXISTING COMMON MORTGAGE HERETOFORE EXECUTED, AS RESTATED