2010-0245
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution approving the issuance, sale and delivery of not exceeding $1,000,000 of Taxable Limited Tax Bonds of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana.
Body
WHEREAS, Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana (the "District") proposes to issue not exceeding $1,000,000 of Taxable Limited Tax Bonds (the "Bonds") for the purpose of paying the costs of acquiring and installing an electronic records system, providing a reserve, and paying the costs of issuance of the Bonds; and
WHEREAS, the District has requested that this Parish Council approve the issuance, sale and delivery of said Bonds of the District; and
WHEREAS, as required by Article VI, Section 15 of the Constitution of the State of Louisiana of 1974, it is now the desire of this Parish Council to approve the issuance of said Bonds of the District;
NOW, THEREFORE, BE IT RESOLVED by the St. Charles Parish Council, acting as the governing authority of the Parish of St. Charles, State of Louisiana, that:
SECTION 1. In compliance with the provisions of Article VI, Section 15 of the Constitution of the State of Louisiana of 1974, and in accordance with the request of the Board of Commissioners of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, this Parish Council hereby approves the issuance, sale and delivery of not exceeding $1,000,000 of Taxable Limited Tax Bonds of said District, said Bonds to mature not later than March 1, 2016, be secured by and payable solely from the avails and revenues of the (i) two and fifty-three hundredths (2.53) mills tax authorized at an election held on July 19, 2003 and the (ii) two and forty-eight hundredths (2.48) mills tax authorized at an election held on July 15, 2006 (collectively the ATax@), as provided by Section 742.2 and 1430...
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