2008-0148
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 (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) 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 February 27, 2008, authorized the issuance and sale of not exceeding (i) Eight Million Three Hundred Thousand Dollars ($8,300,000) of Limited Tax Refunding Bonds (the “Refunding Bonds”) and (ii) Six Million Three Hundred Thousand Dollars ($6,300,000) of Limited Tax Bonds (the “Bonds”). The Refunding Bonds will be issued for the purpose of the refunding all or a portion of the Issuer's outstanding (a) Taxable Certificates of Indebtedness, Series 2008A and (b) Certificates of Indebtedness, Series 2008B (collectively, the “Refunded Bonds”), under the authority conferred by Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority. The Bonds will be issued for the purpose of constructing, operating and maintaining hospital facilities within said Issuer and providing a reserve, under the authority of Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority.
WHEREAS, it is now the desire of the St. Charles Parish Council to approve the issuance of the Refunding Bonds and 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 ...
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