2013-0173
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. ____________
Title
An ordinance providing for the issuance and sale of Two Million Six Hundred Twenty Thousand Dollars ($2,620,000) of Sales Tax Refunding Bonds, Series 2013 (the "Bonds"), of the Parish of St. Charles, State of Louisiana; providing for the sale and issuance of the Bonds, awarding said Bonds to the purchaser thereof; fixing certain details of the Bonds, and providing for other matters in connection therewith.
Body
WHEREAS, the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority of the Parish of St. Charles, State of Louisiana (the "Issuer"), adopted Ordinance No. 03-5-19 on May 19, 2003 authorizing the issuance of Four Million Seven Hundred Thirty-Five Thousand Dollars ($4,735,000) of Sales Tax Bonds, Series 2003 (the "Series 2003 Bonds"), payable from a pledge and dedication of a 3/8% sales and use tax approved at an election held on April 30, 1983 (the "Tax"); and
WHEREAS, the Issuer has found and determined that the refunding of $2,910,000 of the Series 2003 Bonds, consisting of those Series 2003 Bonds which mature July 1, 2014 to July 1, 2023, inclusive (the "Refunded Bonds"), would be financially advantageous to the Issuer; and
WHEREAS, pursuant to Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, the Issuer desires by this ordinance to provide for the issuance and sale of Two Million Six Hundred Twenty Thousand Dollars ($2,620,000) principal amount of its sales tax refunding bonds, to be designated "Sales Tax Refunding Bonds, Series 2013" (the "Bonds"), for the purpose of refunding the Refunded Bonds and paying the costs of issuance therefor, and to specify the terms and conditions of the Bonds; and
WHEREAS, in connection with the issuance of the Bonds, it is necessary that provision be made for the payment of t...
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