2003-0260
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution making application to the State Bond Commission for consent and authority to issue, sell and deliver not exceeding $36,000,000 of General Obligation Refunding Bonds, Series 2003, of the Parish of St. Charles, State of Louisiana, all in the manner provided for by Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority supplemental thereto and providing for other matters in connection therewith.
Body
NOW, THEREFORE, BE IT RESOLVED, by the St. Charles Parish Council (the "Council"), acting as the governing authority of the Parish of St. Charles, State of Louisiana, that:
SECTION 1. Application be and the same is hereby formally made to the State Bond Commission for consent and authority for the Parish of St. Charles, State of Louisiana (the "Issuer"), to issue, sell and deliver not exceeding $36,000,000 of General Obligation Refunding Bonds, Series 2003 of the Issuer (the "Bonds"), to bear interest at a rate or rates not exceeding five percent (5%) per annum, to mature no later than March 1, 2019, to be sold at par or a discount not exceeding 4% thereof, all in the manner provided for by Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority supplemental thereto, for the purpose of refunding the Issuer's outstanding (i) General Obligation Bonds, Series 1993; (ii) General Obligation Sewer Bonds, Series 1997; and (iii) General Obligation Sewer Bonds, Series 1998 (collectively, the "Refunded Bonds") and paying the costs of issuance of the Bonds, which Bonds shall be secured by and payable from and unlimited ad valorem tax now being levied and collected annually in excess of all other taxes on all the property subject to taxation within the territorial limits of the Issuer as authorized at elections hel...
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