2007-0094
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution authorizing the advertising for sealed bids for the purchase of Nine Hundred Twenty Thousand Dollars ($920,000) of Sales Tax Revenue Bonds, Series 2007, of the Parish of St. Charles, State of Louisiana; making application to the State Bond Commission to issue, sell and deliver said bonds; and providing for other matters in connection therewith.
Body
BE IT RESOLVED by the St. Charles Parish Council, acting as the governing authority of the Parish of St. Charles, State of Louisiana (the "Issuer"), that:
SECTION 1. Advertisement for Sale. The Chairman and Secretary of the Issuer be and he is hereby empowered, authorized and directed to advertise in accordance with the provisions of law for sealed bids for the purchase of Nine Hundred Twenty Thousand Dollars ($920,000) of Sales Tax Revenue Bonds, Series 2007, of the Issuer (the "Bonds"). The Bonds will be issued under the authority conferred by Sub-Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority supplemental thereto, for the purpose of acquiring buildings, machinery and equipment, including both real and personal property, to be used in giving fire protection to the property in the Parish, for providing a reserve for the Bonds, and for paying the issuance costs thereof. The Bonds shall be payable solely from and secured by, equally with the Issuers outstanding Sales Tax Revenue Bonds, Series 2004 (the AOutstanding Parity Bonds), an irrevocable pledge and dedication of the avails or proceeds of the Issuer's one-eighth of one percent (c%) sales and use tax now being levied and collected by the Issuer pursuant to an election held in the Issuer on December 8, 1979.
SECTION 2. Basic Terms of Bonds. The Bonds will be in fully registered form, will be dated June 1, 2007, will be in the denomination...
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