2001-0407
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
RESOLUTION NO. 4978
Title
A resolution approving the issuance, sale and delivery of not exceeding $3,500,000 of Certificates of Indebtedness 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 $3,500,000 of Certificates of Indebtedness (the "Certificates") for the purpose of paying the current expenses of the General Fund; and,
WHEREAS, the District has requested that this Parish Council approve the issuance, sale and delivery of said Certificates 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 Certificates 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 $3,500,000 of Certificates of Indebtedness of said District, said Certificates to mature not later than March 1, 2003, be secured by and payable from the revenues of the District, as provided by Sections 745 to 748, inclusive, of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority. The District currently has issued in the year 2001, $1,000,000 of Certificates of Indebtedness, Series 2001, dated January 8, 2001, maturing on February 1, 2002, $1,700,000 of Certificates of Indebtedness, Series 2001B, dated February 16, 2001, maturing on March 1, 2002 and $800,000 of Certificates of Indebtedness, Series 2001C, dated March 29, 2001, maturing on March 1, 2002, secured by revenues of the District for the year 2002. All of the outstanding certificates have been or will be repaid before any new certificates are issued and no certificates will be delivered until the year 2002.
SECTION 2. The Parish of St. Charles and this Parish Council shall not be liable in any manner for the payment of said Certificates, 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:
YEAS: FAUCHEUX, HILAIRE, FABRE, AUTHEMENT, BLACK, MARINO, MINNICH
NAYS: RAMCHANDRAN, ABADIE
ABSENT: NONE
And the resolution was declared adopted on this, the 3rd Day of December, 2001.
CHAIRMAN :
SECRETARY:
DLVD/PARISH PRESIDENT:
APPROVED : DISAPPROVED :
PARISH PRESIDENT:
RETD/SECRETARY:
AT: RECD BY: