St. Charles Parish - File #: 2003-0108

• File #: 2003-0108
• Version: 1
• Name: Amend Ordinance 03-3-5 "An ordinance providing for the issuance and sale of $3,340,000.00 of Utility Revenue Refunding Bonds
• Type: Ordinance
• Status: Enacted
• File created: 4/7/2003
• In control: Parish Council
• Final action: 4/21/2003
• Enactment date: 4/21/2003
• Enactment #: 03-4-9
• Title: An ordinance supplementing and amending Ordinance No. 03-3-5 of the St. Charles Parish Council, adopted on March 17, 2003 (the "March 17, 2003 Ordinance), being an ordinance entitled "An ordinance providing for the issuance and sale of Three Million Three Hundred Forty Thousand Dollars ($3,340,000) of Utility Revenue Refunding Bonds, Series 2003, of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana; prescribing the form, fixing the details and providing for the rights of the owners thereof; providing for the payment of said bonds and the application of the proceeds thereof to the refunding of certain bonds of said District; and providing for other matters in connection therewith." clarifying and ratifying a call for redemption of the refunded bonds; and providing for other matters in connection therewith.
• Sponsors: Albert D. Laque, Bond Counsel
• Indexes: Taxes (Utilities Revenue Refunding Bonds $4,300,000)
• Related files: 2003-0073

Date	Ver.	Action By	Action	Result
4/22/2003	1	Parish President	Approved by the Par. Pres.
4/21/2003	1	Parish Council	Public Hearing Requirements Satisfied
4/21/2003	1	Parish Council	Approved	Pass
4/7/2003	1	Parish President	Introduced
4/7/2003	1	Parish Council	Publish/Scheduled for Public Hearing

2003-0108
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO.
Title
An ordinance supplementing and amending Ordinance No. 03-3-5 of the St. Charles Parish Council, adopted on March 17, 2003 (the "March 17, 2003 Ordinance), being an ordinance entitled "An ordinance providing for the issuance and sale of Three Million Three Hundred Forty Thousand Dollars ($3,340,000) of Utility Revenue Refunding Bonds, Series 2003, of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana; prescribing the form, fixing the details and providing for the rights of the owners thereof; providing for the payment of said bonds and the application of the proceeds thereof to the refunding of certain bonds of said District; and providing for other matters in connection therewith." clarifying and ratifying a call for redemption of the refunded bonds; and providing for other matters in connection therewith.
Body
WHEREAS, the Issuer has found and determined that the refunding of $3,665,000 of the Series 1991 Bonds, consisting of those remaining and unrefunded Series 1991 Bonds which mature July 1, 2003 to July 1, 2006, inclusive, and July 1, 2016 (the "Refunded Bonds"), would be financially advantageous to the Issuer.
NOW, THEREFORE, BE IT ORDAINED by the St. Charles Parish Council, acting as the governing authority of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana, that:
SECTION 1. Section 1.1 Definitions are amended to read as follows:
"Outstanding Parity Bonds" shall mean the Utility Revenue Refunding Bonds, Series 1999, consisting of $5,945,000, maturing on July 1, 2003 to July 1, 2016, inclusive.

"Refunded Bonds" shall mean $3,665,000 of the Issuer's outstanding Utility Revenue Bonds, Series 1991, dated July 1, 1991, maturing July 1, 2003 to July 1, 2006, inclusive and July 1, 2016, inclusive, which are being refunded by the Bonds, as more fu...