Legal Notice
Legal Notice is hereby given that Joe Wheeler Electric Membership Corporation, organized and existing under and by virtue of Title 37, Chapter 6, Code of Alabama, 1975, has filed its Petition with the Alabama Department of Finance for consent to borrow the sum of $30,000,000.00 from CFC over a four (4) year period in order to augment internally generated funds used for capital improvements to its system. The said loans will fund a portion of the capital workplan budget each year. The remaining balance of the capital workplan budget each year would be funded internally from funds generated by operations. The initial note and subsequent notes will be secured by incorporating them into the terms of the existing CFC and CoBank mortgages issued by Joe Wheeler Electric Membership Corporation. Amortized payments of principal and interest shall be paid monthly to CFC. The total amount borrowed to complete the workplan and the notes evidencing said loan will not exceed $30,000,000.00.
This Petition has been set down to be heard on the 5th day of June, 2025 at 1:00 oýclock p.m. at the office of the Chief Legal Counsel, Alabama Department of Finance, 600 Dexter Avenue, Room E-317, Alabama State Capitol, Montgomery, Alabama. All persons in interest may appear and contest the Petition if they see fit to do so.
Done at Montgomery, Alabama, on this 30th day of April 2025.
State of Alabama Department of Finance
By: Bill Poole, Director of Finance
22-1
ADID 648721