2005-0201
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. ___________
FOURTH SUPPLEMENTAL ORDINANCE
Title
A Fourth Supplemental Ordinance amending and supplementing an ordinance (the "General Bond Ordinance") adopted on September 19, 1988; providing for the issuance and sale of Public Improvement Refunding Bonds, Series ST-2005, of the Parish of St. Charles, State of Louisiana (the "Issuer"), pursuant to the General Bond Ordinance; prescribing the form, fixing the details and providing for the payment of principal of and interest on such Bonds; accepting an appropriate offer for the purchase of the Bonds; approving the Official Statement; and providing for other matters in connection therewith.
Body
WHEREAS, the St. Charles Parish Council, acting as the governing authority of the Issuer (the "GoveĀrning Authority"), adopted an ordinance on September 19, 1988 (the "General Bond Ordinance"), authorizing the issuance from time to time of Sales Tax Revenue Bonds of the Issuer on the terms and conditions set forth in the General Bond Ordinance; and
WHEREAS, the General Bond Ordinance provides that the details of the Bonds of each Series of Bonds issued thereunder shall be specified in a supplemental ordinance adopted by the Issuer authorizing the issuance of such Series of Bonds, subject to the terms, conditions and limitations established in the General Bond Ordinance; and
WHEREAS, the Issuer presently has outstanding the following described sales tax bonds (the "Outstanding Bonds") which are payable from a pledge and dedication of the revenues of the Tax (hereinafter defined), viz:
$9,490,000 of Public Improvement Bonds, Series ST-1996 (the "1996 Bonds"), maturing on December 1 of the years 2005 through 2010, inclusive, bearing interest at 5.00%, 5.20%, 5.20%, 5.25% and 5.30% per annum, authorized by virtue of the General Bond Ordinance, as supplemented by the Third Supplemental Ordinance adopted by the governing auth...
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