2015-0170
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 $5,500,000 of Limited Tax Bonds, of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, and other matters relating thereto.
Body
WHEREAS, the Board of Commissioners of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana (the "Issuer"), by resolution adopted on March 25, 2015, proposes to issue not exceeding $5,500,000 of Limited Tax Bonds (the "Bonds"). The Bonds will bear interest at a rate of not exceeding six percent (6%) per annum and shall mature no later than March 1, 2026. The Bonds will be issued for the purpose of constructing, operating and maintaining hospital facilities within said District, including ambulance service for both the east and west banks of St. Charles Parish and paying the costs incurred in connection with the issuance of the Bonds. The Bonds will be issued under the authority of R.S. 39:1430 of the Louisiana Revised Statutes of 1950, as amended and other constitutional and statutory authority; and,
WHEREAS, it is now the desire of the St. Charles Parish Council to approve the issuance of the Bonds.
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 and sale of not exceeding $5,500,000 of Limited Tax Bonds, said Bonds to be issued under the authority and for the purposes stated in the preamble hereto.
SECTION 2. Neither the Parish nor this Parish Council sh...
Click here for full text