2008-0094
INTRODUCED BY: V.J. ST. PIERRE, JR., 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 Sales Tax Revenue Bonds of the Parish of St. Charles, State of Louisiana, all in the manner provided for 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, and providing for other matters in connection therewith.
Body
WHEREAS, pursuant to the authority of Sub-Part F, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, as amended, an election was held in the Parish of St. Charles, State of Louisiana on December 8, 1979, to authorize the levy of a 1/8% sale and use tax and the issuance of sales tax revenue bonds payable therefrom; and
WHEREAS, pursuant to such authority, the Parish has issued and now has outstanding (i) $590,000 of Sales Tax Revenue Bonds, Series 2004 and (ii) $920,000 of Sales Tax Revenue Bonds, Series 2007; and
WHEREAS, this St. Charles Parish Council (the "Council"), acting as the governing authority for the Parish of St. Charles, State of Louisiana (the "Issuer"), now wishes to obtain approval of the State Bond Commission for the issuance of not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000) of Sales Tax Revenue Bonds, Series 2008, to be used for acquiring buildings, machinery and equipment, including both real and personal property to be used in giving fire protection to the property in said Parish, for providing a reserve for such bonds, if required, and for paying the issuance costs thereof.
BE IT RESOLVED by the St. Charles Parish Council, acting as the governing authority of the Issuer, that:
SECTION 1. Application is hereby formally made to the State Bond Commission for consent and authority for the Issuer to issue, sell and deliver not to exceed Two Million Fiv...
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