HomeMy WebLinkAbout870219Recorded, t .ife' at A M
in hook t. Page Jeanne Wagnere
No Clerk
ASSIGNMENT AND PLEDGE OF REVENU
This assignment is given by the Town of Afton, Lincoln County, Wyoming,
herein referred to as the SPONSOR, to the Wyoming Water Development Commission,
Herschler Building, Cheyenne, Wyoming, herein referred to as the COMMISSION.
In order to secure the •ayment o the principal and interest of a note executed
by the SPONSOR, dated 2000, and all renewals and extensions
of the note or any part thereof and any and all other sums, indebtedness, and liabilities
now owing or to become due and owing from the SPONSOR to the COMMISSION
under a project agreement executed by the COMMISSION and the SPONSOR pursuant
to Chapter No. 96, Wyoming Session Laws, 2000.
The SPONSOR pledges and assigns to the COMMISSION, its successors and
assigns, revenues received or due it from assessments made for its water supply
services, together with all the SPONSOR's right, title, and interest, the SPONSOR may
hereafter acquire in and to any of those revenues, in an amount sufficient to meet the
SPONSOR's obligations under the above referenced promissory note and to provide a
separate fund to meet repair and maintenance costs required by the above referenced
project agreement.
The SPONSOR shall keep, at its own cost and expense, proper books and
records of account showing all transactions relating to the revenues that are subject
to this assignment. Such books and accounts, and all correspondence and papers of
the SPONSOR pertaining thereto, shall be open to inspection by the COMMISSION at
all reasonable times, for the purpose of checking, examining, and verifying same or
making extracts thereof.
This assignment will be in effect commencing with its execution until the above
referenced p omissory note execuied uy tho SPONSOR to the COMMISSION which is
secured hereby has been paid in full.
In witnwss whereof, the SPONSOR has executed this assignment on this I
day of Oc t v ,tr. 2000.
Attest:
Afto051.wpd
6 0, IYA
1
TOWN OF AFTON
-iter
Jercy W, Hansen, Mayor
RV063000 /F