2002-0297
INTRODUCED BY: ALBERT D. LAQUE
PARISH PRESIDENT
ORDINANCE NO.
Title
An ordinance awarding not exceeding Eight Million Dollars ($8,000,000) of Parish of Charles, State of Louisiana Taxable Revenue Bonds (Randa Properties LLC Project) Series 2002; requesting and authorizing the authentication and directing the delivery and application of the proceeds of said Bonds; approving the form and directing the execution and delivery on behalf of the Parish of the Bond Purchase Agreement which sets forth the terms and conditions under which said Bonds are being sold; approving the Official Statement for said Bonds; approving various financing and other documents; and providing for other matters in connection therewith.
Body
WHEREAS, the Parish of St. Charles, State of Louisiana (the "Issuer"), is authorized and empowered under the laws of the State of Louisiana, including particularly Part XII of Chapter 4 of Subtitle II of Title 39, Sections 991 through 1001, inclusive, and/or Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended (independently and collectively, as appropriate, the "Act") to issue revenue bonds to further its purposes of promoting and encouraging industrial and commercial redevelopment, and to stimulate the economy of the Lessor through renewed commerce and industry; and,
WHEREAS, pursuant to the provisions of an ordinance adopted on August 5, 2002 by the Parish of St. Charles, State of Louisiana (the "Issuer"), the Issuer approved the issuance of not exceeding Eight Million Dollars ($8,000,000) of its Taxable Revenue Bonds (Randa Properties LLC Project) Series 2002 (the "Bonds"); and,
WHEREAS, pursuant to the terms of a Bond Purchase Agreement (the "Bond Purchase Agreement") by and between the Issuer and Morgan Keegan & Company, Inc. (the "Underwriter"), the Bonds are to be purchased by the Underwriter, maturing on the date and bearing interest at the rate described herein; and,
WHEREAS, the Bonds are bei...
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