St. Charles Parish - File #: 2007-0332

• File #: 2007-0332
• Version: 1
• Name: Fifth Supplemental Ordinance amending and supplementing an ordinance (the "General Bond Ordinance") adopted on September 19, 1988; providing for the issuance and sale of ($27,400,000) principal amount of Public Improvement Bonds
• Type: Ordinance
• Status: Removed from Consideration
• File created: 12/17/2007
• In control: Parish Council
• On agenda: 1/14/2008
• Final action: 1/14/2008
• Title: A Fifth Supplemental Ordinance amending and supplementing an ordinance (the "General Bond Ordinance") adopted on September 19, 1988; providing for the issuance and sale of Twenty-Seven Million Four Hundred Thousand Dollars ($27,400,000) principal amount of Public Improvement Bonds, Series ST-2008, 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 the lowest and best bid for the purchase of the Bonds; approving the Official Statement; and providing for other matters in connection therewith.
• Sponsors: Albert D. Laque, Bond Counsel
• Indexes: Taxes (1%)
• Related files: 2007-0327, 2007-0331, 2007-0358, 2007-0391

Date	Ver.	Action By	Action	Result
1/14/2008	1	Parish Council	Public Hearing Requirements Not Satisfied
1/14/2008	1	Parish Council	Rmv'd from Consid.	Pass
12/17/2007	1	Parish Council	Public Hearing Requirements Not Satisfied
12/17/2007	1	Parish Council	Rmv'd and Reintroduced	Pass
12/17/2007	1	Parish Council	Publish/Scheduled for Public Hearing
12/3/2007	1	Parish Council	Public Hearing Requirements Not Satisfied
12/3/2007	1	Parish Council	Tabled.	Pass
11/5/2007	1	Parish President	Introduced
11/5/2007	1	Parish Council	Publish/Scheduled for Public Hearing

2007-0332
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. _______
FIFTH SUPPLEMENTAL ORDINANCE
Title
A Fifth Supplemental Ordinance amending and supplementing an ordinance (the "General Bond Ordinance") adopted on September 19, 1988; providing for the issuance and sale of Twenty-Seven Million Four Hundred Thousand Dollars ($27,400,000) principal amount of Public Improvement Bonds, Series ST-2008, 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 the lowest and best bid 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 "Gove­rning 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:

$5,040,000 of Public Improvement Refunding Bonds, Series ST-2005 (the "2005 Bonds"), maturing on December 1 of the years 2007 through 2010, inclusive, bearing interest at 3.25% and 3.50% per annum, authorized by virtue of the General Bond Ordinance, as supplemented...