Title
Resolution - Approval of Authorization for Initiation, Settlement, or Disposition of Litigation Matter(s) - A Stover/A Hagen
Other Info
Submitted By: Andrea Stover/Aisha Hagen
Department: General Counsel
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
Pedernales Electric Cooperative, Inc. (the Cooperative) has determined it needs to initiate litigation to address a third-party’s potential interference with the Cooperative’s facilities as discussed in Executive Session and as described on the confidential Term Sheet.
Body
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative is authorized to initiate litigation with respect to a third-party’s interference with Cooperative facilities on the terms discussed in Executive Session, and
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Chief Executive Officer, or designees, is authorized to take any actions as needed to implement this resolution.