Subject: 19094/ American Plastics Company
Date: Mon, 9 Apr 1990 16:20:00 -0500


                         RESOLUTION NO. ________________
        
        
                   A RESOLUTION AUTHORIZING THE MAYOR AND CITY
                   FINANCE OFFICER TO EXECUTE AND ATTEST,
                   RESPECTIVELY, ALL LOAN DOCUMENTS NECESSARY TO
                   MAKE A LOAN TO AMERICAN PLASTICS COMPANY FROM
                   COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR THE
                   PROVISION OF GAP FINANCING IN THE AMOUNT OF
                   FIFTY THOUSAND AND NO/100 ($50,000.00) DOLLARS.
                  
                         _______________________________
        
        
              	   BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
         CITY OF CHATTANOOGA, TENNESSEE, That the Mayor and City Finance 

         Officer be and are hereby authorized to execute and attest,
         respectively, all loan documents necessary to make a loan to
         American Plastics Company from Community Development Block 
Grant
         Funds for the provision of Gap Financing in the amount of Fifty 

         Thousand ($50,000.00) Dollars.
        
        
         ADOPTED:
         WSPjr:jrm