2002-0004
INTRODUCED BY: ALBERT LAQUE, PARISH PRESIDENT
ORDINANCE NO. 02-1-14
title
An ordinance providing for the issuance and sale of Nine Million Five Hundred Forty-Five Thousand ($9,545,000) of Public Improvement Sales Tax Refunding Bonds, Series 2002 (the "Bonds"), of the Parish of St. Charles, State of Louisiana; providing for the sale and issuance of the Bonds, pursuant to the aforesaid bond ordinances; accepting the proposal of Morgan Keegan & Company, Inc. for the purchase of said Bonds; fixing certain details of the Bonds, approving the Official Statement; and providing for other matters in connection therewith.
body
WHEREAS, the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority of the Parish of St. Charles, State of Louisiana (the "Issuer"), adopted Ordinance No. 91-6-10 on June 10, 1991 authorizing the issuance of Seven Million Five Hundred Five Thousand Dollars ($7,505,000) of Public Improvement Sales Tax Refunding Bonds, Series 1991 (the "Series 1991 Bonds"), payable from a pledge and dedication of a 3/8% sales and use tax approved at an election held on April 30, 1983, and Basic Bond Ordinance No. 92-4-4 on April 6, 1992 and Supplement Bond Ordinance No. 92-6-8 on June 8, 1992 (collectively, the "Bond Ordinances"), authorizing the issuance of Nine Million Six Hundred Sixty Thousand Dollars ($9,660,000) of Public Improvement Sales Tax Refunding Bonds, Series 1992 (the "Series 1992 Bonds"), payable from a pledge and dedication of a 1/2% sales and use tax approved at an election held on April 7, 1979 (the "Tax"); and
WHEREAS, the Issuer has found and determined that the refunding of $2,415,000 of the Series 1991 Bonds, consisting of those Series 1991 Bonds which mature December 1, 2002 to December 1, 2004, inclusive, and $7,475,000 of the Series 1992 Bonds, consisting of those Series 1992 Bonds which mature November 1, 2002 to November 1, 2010, inclusive (collectively, the "Refunded Bonds"), would...
Click here for full text