2012-0058
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO. ___________
Title
A resolution amending a resolution adopted on January 10, 2012, approving the holding of an election in Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, on Saturday, April 21, 2012, to authorize the incurring of debt and issuance of bonds therein.
Body
WHEREAS, the Board of Commissioners of Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, adopted a resolution on December 21, 2011 ordering and calling a special election to be held in Hospital Service District No. 1 of the Parish of St. Charles, State of Louisiana, to authorize the incurring of debt and issuance of bonds therein; making application to the State Bond Commission in connection therewith; and providing for other matters in connection therewith, and,
WHEREAS, the State Bond Commission has requested that language be added to the Bond Proposition to include "to not exceed twenty (20) years" and to be issued "in one or more series"; and,
WHEREAS, this Parish Council, acting as the governing authority of the Parish of St. Charles, State of Louisiana, gave its consent and authority for the District to hold the aforesaid election, and in the event that the election carries to issue, sell and deliver the bonds provided for therein, at the January 10, 2012 meeting (the "Prior Resolution).
NOW, THEREFORE, BE IT RESOLVED by the Parish Council of the Parish of St. Charles, State of Louisiana, acting as the governing authority of said Parish, that:
SECTION 1. The Bond Proposition contained in Section 1 of the Prior Resolution is hereby amended to read as follows:
HOSPITAL DISTRICT BOND PROPOSITION
Summary: Authority for Hospital Service District No. 1 to issue not exceeding $15,000,000 of 20-year General Obligation Bonds for the purpose of purchasing, acquiring and constructing lands, buildings, machinery, equipm...
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