2001-0395
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
RESOLUTION NO. 4972
Title
A resolution giving preliminary approval to the issuance of not to exceed Four Million Three Hundred Thousand Dollars ($4,300,000) of Utilities Revenue Refunding Bonds, of the Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana; providing certain terms of said bonds; making application to the State Bond Commission for approval of said Bonds; and providing for other matters in connection therewith.
Body
WHEREAS, pursuant to the provisions of Chapter 14-A, Title 39 of the Louisiana Revised Statutes of 1950, as amended (the “Act”) and other constitutional and statutory authority, the Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana, has heretofore issued $10,950,000 of Utilities Revenue Bonds, Series 1991, of which $4,025,000 is currently outstanding (the “Series 1991 Bonds”); and,
WHEREAS, in order to provide debt service reductions, the Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the “Issuer”), acting through its governing authority, the St. Charles Parish Council, desires to refund the Series 1991 Bonds (herein referred to as the “Refunded Bonds”), pursuant to the Act and other constitutional and statutory authority, through the issuance of its refunding bonds; and,
WHEREAS, pursuant to the Act, and subject to the approval of the State Bond Commission, the Issuer desires to accomplish the refunding through the issuance of not exceeding $4,300,000 of its Utilities Revenue Refunding Bonds (the “Refunding Bonds”), to be payable from a pledge of the income and revenues derived or to be derived from the operation of the System of the Issuer; and,
WHEREAS, the Issuer desires to make formal application to the State Bond Commission for approval of the Refunding Bonds, and further to employ special Bond Counsel in connection therewith.
NOW, ...
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