2004-0149
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNCIL)
RESOLUTION NO.
Title
A resolution making application to the State Bond Commission for consent and authority to issue, sell and deliver not exceeding $7,800,000 of Public Improvement Refunding Bonds, Series ST-2004, 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 $7,800,000 of Public Improvement Refunding Bonds, Series ST-2004 of the Issuer (the “Bonds”), to bear interest at a rate or rates not exceeding four and one-half percent (4-1/2%) per annum, to mature no later than December 1, 2010, 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 Public Improvement Bonds, Series ST-1996 (the “Refunded Bonds”) and paying the costs of issuance of the Bonds, which Bonds shall be secured by and payable solely from an irrevocable pledge and dedications of the avails or proceeds of the special one percent (1%) sales and use tax now being levied and collected by the Issuer as authorized at an election held on July 16, 1988.
SECTION 2. A certified copy of this resolution shall be forwarded to said State Bond ...
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