2010-0245
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution approving the issuance, sale and delivery of not exceeding $1,000,000 of Taxable Limited Tax Bonds of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana.
Body
WHEREAS, Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana (the "District") proposes to issue not exceeding $1,000,000 of Taxable Limited Tax Bonds (the "Bonds") for the purpose of paying the costs of acquiring and installing an electronic records system, providing a reserve, and paying the costs of issuance of the Bonds; and
WHEREAS, the District has requested that this Parish Council approve the issuance, sale and delivery of said Bonds of the District; and
WHEREAS, as required by Article VI, Section 15 of the Constitution of the State of Louisiana of 1974, it is now the desire of this Parish Council to approve the issuance of said Bonds of the District;
NOW, THEREFORE, BE IT RESOLVED by the St. Charles Parish Council, acting as the governing authority of the Parish of St. Charles, State of Louisiana, that:
SECTION 1. In compliance with the provisions of Article VI, Section 15 of the Constitution of the State of Louisiana of 1974, and in accordance with the request of the Board of Commissioners of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, this Parish Council hereby approves the issuance, sale and delivery of not exceeding $1,000,000 of Taxable Limited Tax Bonds of said District, said Bonds to mature not later than March 1, 2016, be secured by and payable solely from the avails and revenues of the (i) two and fifty-three hundredths (2.53) mills tax authorized at an election held on July 19, 2003 and the (ii) two and forty-eight hundredths (2.48) mills tax authorized at an election held on July 15, 2006 (collectively the ATax@), as provided by Section 742.2 and 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority.
SECTION 2. The Parish of St. Charles and this Parish Council shall not be liable in any manner for the payment of said Bonds, and no funds of the Parish or the Parish Council shall be pledged to the payment thereof.
vote
This resolution having been submitted to a vote, the vote thereon was as follows:
And the resolution was declared adopted on this, the 12th day of July, 2010.
CHAIRMAN:_________________________________________
SECRETARY:________________________________________
DLVD/PARISH PRESIDENT:____________________________
APPROVED:______________ DISAPPROVED:_____________
PARISH PRESIDENT:_________________________________
RETD/SECRETARY:__________________________________
AT:_______________ RECD BY: ________________________
STATE OF LOUISIANA
PARISH OF ST. CHARLES
I, the undersigned Secretary of the St. Charles Parish Council do hereby certify that the foregoing two (2) pages constitute a true and correct copy of a resolution adopted by said Parish Council on July 12, 2010, approving the issuance, sale and delivery of not exceeding $1,000,000 of Taxable Limited Tax Bonds of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana.
IN FAITH WHEREOF, witness my official signature and the impress of the official seal of said Parish at Hahnville, Louisiana, on this, the 12th day of July, 2010.
______________________________
Secretary
(SEAL)