2008-0148
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 (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) of Limited Tax Bonds, 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 February 27, 2008, authorized the issuance and sale of not exceeding (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds (the "Refunding Bonds") and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) of Limited Tax Bonds (the "Bonds"). The Refunding Bonds will be issued for the purpose of the refunding all or a portion of the Issuer's outstanding (a) Taxable Certificates of Indebtedness, Series 2008A and (b) Certificates of Indebtedness, Series 2008B (collectively, the "Refunded Bonds"), under the authority conferred by Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority. The Bonds will be issued for the purpose of constructing, operating and maintaining hospital facilities within said Issuer and providing a reserve, under the authority of Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority.
WHEREAS, it is now the desire of the St. Charles Parish Council to approve the issuance of the Refunding Bonds and 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 of not exceeding (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) of Limited Tax Bonds, of the Issuer, 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 Refunding Bonds nor the Bonds.
Vote
This resolution having been submitted to a vote, the vote thereon was as follows:
And the resolution was declared adopted on this, the 24th day of March, 2008.
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 (the "Governing Authority"), the governing authority of the Parish of St. Charles, State of Louisiana (the "Parish"), do hereby certify that the foregoing pages constitute a true and correct copy of a resolution adopted on March 24, 2008, by the Governing Authority, approving the issuance, sale and delivery of not exceeding (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) of Limited Tax Bonds, of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, and other matters relating thereto.
IN FAITH WHEREOF, witness my official signature and the official seal of the Parish at Hahnville, Louisiana, on this, the 24th day of March, 2008.
_________________________________
Secretary
[SEAL]