logo  ST. CHARLES PARISH, LA
File #: 2010-0068    Version: 1 Name: Authorize issuance of Six Million Five Hundred Thousand Dollars ($6,500,000) of Public Improvement Sales Tax Revenue Bonds, Series 2010, of the Parish of St. Charles, prescribing the form, terms and conditions of such Bonds and providing for payment
Type: Ordinance Status: Enacted
File created: 2/8/2010 In control: Parish Council
On agenda: Final action: 3/1/2010
Enactment date: 3/1/2010 Enactment #: 10-3-1
Title: An ordinance authorizing the issuance of Six Million Five Hundred Thousand Dollars ($6,500,000) of Public Improvement Sales Tax Revenue Bonds, Series 2010, of the Parish of St. Charles, State of Louisiana; prescribing the form, terms and conditions of such Bonds and providing for the payment thereof; and providing for other matters in connection therewith.
Sponsors: V.J. St. Pierre Jr., Bond Counsel
Indexes: Taxes (1/2%)
Attachments: 1. Exhibit A (Bond Form).doc, 2. Loan & Pledge Agreement 2-25-10.doc, 3. 2010-0068 Final Ord 10-3-1
2010-0068
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. __________
Title
An ordinance authorizing the issuance of Six Million Five Hundred Thousand Dollars ($6,500,000) of Public Improvement Sales Tax Revenue Bonds, Series 2010, of the Parish of St. Charles, State of Louisiana; prescribing the form, terms and conditions of such Bonds and providing for the payment thereof; and providing for other matters in connection therewith.
Body
WHEREAS, the Parish of St. Charles, State of Louisiana (the "Issuer"), is now levying and collecting a special one-half of one percent (1/2%) sales and use tax, pursuant to elections held in the Issuer on April 7, 1979 and October 17, 1981, at which elections the following propositions were approved by a majority of the qualified electors voting at such elections, the proceeds of which tax may be funded into bonds for the purposes contained in said proposition, viz:

APRIL 7, 1979
PROPOSITION

AShall the Parish of St. Charles, State of Louisiana, under the provisions of Article 6, Section 29 of the Louisiana Constitution of 1974 and other constitutional and statutory authority supplemental thereto, be authorized to levy and collect a tax of one-half of one percent (1/2%) upon the sale at retail, the use, the lease or rental, the consumption, and the storage for use or consumption of tangible personal property and on sales of services in said Parish, as presently defined in R.S. 47:301 through 47:317, with the avails or proceeds of said tax (after paying the reasonable and necessary costs of administering and collecting said tax) to be dedicated and pledged for any lawful public purpose of said Parish and further shall the avails or proceeds of said tax be subject to funding into negotiable bonds of said Parish for the purpose of constructing, acquiring and improving capital improvements for the Parish (including but not limited to sewers and sewerage disposal works, drains, draina...

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