St. Charles Parish - File #: 2018-0224

• File #: 2018-0224
• Version: 1
• Name: Issue, sale and delivery of not exceeding $14,000,000 of Limited Tax Bonds, Series 2018, of Hospital Service District No. 1
• Type: Resolution
• Status: Approved
• File created: 8/20/2018
• In control: Parish Council
• On agenda: 8/20/2018
• Final action: 8/20/2018
• Enactment #: 6364
• Title: A resolution approving the issuance, sale and delivery of not exceeding $14,000,000 of Limited Tax Bonds, Series 2018, of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, and other matters relating thereto.
• Sponsors: Lawrence 'Larry' Cochran, Bond Counsel
• Indexes: Bonds, Hospital, Taxes

Date	Ver.	Action By	Action	Result
8/23/2018	1	Parish President	Approved by the Par. Pres.
8/20/2018	1	Parish Council	Approved 1	Pass
8/20/2018	1	Parish President	Introduced

2018-0224

INTRODUCED BY:                     LARRY COCHRAN, PARISH PRESIDENT

                                                               (BOND COUNSEL)

RESOLUTION NO.             

Title

A resolution approving the issuance, sale and delivery of not exceeding $14,000,000 of Limited Tax Bonds, Series 2018, of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, and other matters relating thereto.

Body

WHEREAS,                     the Board of Commissioners of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana (the “Issuer”), by resolution adopted on July 26, 2018, proposes to issue not exceeding $14,000,000 of Limited Tax Bonds, Series 2018 (the “Bonds”) for the purpose of (i) refunding all or a portion of the District’s outstanding Taxable Limited Tax Bonds, Series 2014 and Series 2015, (ii) constructing, operating and maintaining hospital facilities within said District, including ambulance service for both the east and west banks of St. Charles Parish, and (iii) paying the costs of issuance under the authority of R.S. 39:1430 and Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority; and

WHEREAS,                     it is now the desire of the St. Charles Parish Council to approve the issuance of the Bonds;

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 and sale of not exceeding $14,000,000 of Limited Tax Bonds, Series 2018, said Bonds to be issued, under the authority and for the purposes stated in the preamble hereto.

SECTION 2.                     Neither the Parish nor this Parish Council shall be liable in any manner for the payment of the Bonds.

The foregoing resolution having been submitted to a vote, the vote thereon was as follows:

And the resolution was declared adopted this 20^th day of August, 2018.

CHAIRMAN:_________________________________________

SECRETARY:________________________________________

DLVD/PARISH PRESIDENT:____________________________

APPROVED:______________ DISAPPROVED:_____________

PARISH PRESIDENT:_________________________________

RETD/SECRETARY:__________________________________

AT:_______________ RECD BY: ________________________