2003-0188
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO. ______________
Title
A resolution providing for the review of the bids received for the purchase of $4,735,000 of Sales Tax Bonds, Series 2003, of the Parish of St. Charles, State of Louisiana, approving the Official Notice of Bond Sale and Official Statement in connection therewith, and authorizing the Chairman and Director of Finance to sign copies thereof as evidence of the approval thereof and providing for other matters in connection therewith.
Body
SECTION 1. BE IT RESOLVED by the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority of the Parish of St. Charles, State of Louisiana (the "Issuer") that:
SECTION 2. Opening of Bids. This Governing Authority does now proceed in open and public session to announce and review the bids received for the purchase of $4,735,000 of Sales Tax Bonds, Series 2003 (the "Bonds"), of the Parish of St. Charles, State of Louisiana (the "Issuer"), said Bonds having been authorized and duly advertised for sale by virtue of a resolution adopted on April 21, 2003.
SECTION 3. Approval of Notice of Sale and Official Statement. The Official Notice of Bond Sale and the Official Statement prepared in connection with the sale of the Bonds, and the information contained therein, are hereby approved by this Governing Authority, and the Chairman and Director of Finance of the Governing Authority are hereby authorized, empowered and directed to sign copies thereof as evidence of the approval of the Issuer.
SECTION 4. Approval of Official Statement. This Governing Authority hereby finds that due diligence has been exercised in preparing the Bonds for sale and in preparing the Official Statement pertaining to the Bonds, and in view of that fact, the Secretary of the Governing Authority is hereby authorized and directed to execute and deliver to the successful bidder, as set forth herein, at the time of closing, a certificate which shall be substantially in the form of the certificate annexed hereto as Exhibit A.
SECTION 5. Acceptance of Good Faith Deposit or Check. The SUREBID good faith deposit in the amount of $47,350 is hereby accepted in accordance with and subject to said Official Notice of Bond Sale.
Vote
This resolution having been submitted to a vote, the vote thereon was as follows:
YEAS:
NAYS:
ABSENT:
And the resolution was declared adopted on this, the 19th day of May, 2003.
CHAIRMAN:______________________________________________
SECRETARY:_____________________________________________
DLVD/PARISH PRESIDENT:_________________________________
APPROVED:______________ DISAPPROVED:__________________
PARISH PRESIDENT:______________________________________
RETD/SECRETARY:_______________________________________
AT:_______________RECD BY: _____________________________