CROWLEY, LOUISIANA
AUGUST 17, 2004
THE ACADIA PARISH POLICE JURY met on the above date at 6:30 p.m., in the Police Jury Meeting Room, Courthouse Building, Crowley, Louisiana, in regular session with the President, Cecelia Broussard, presiding. At the request of the President, a moment of silence was offered and the Pledge to the Flag was recited in unison. The roll was called and final attendance was recorded as follows:
ALTON STEVENSON
A J BROUSSARD
JOHN HUMBLE SR
CECELIA BROUSSARD
JIMMIE PELLERIN
A J CREDEUR
THOMAS BENOIT
FELTON MOREAU
A motion was offered by Mr. John Humble, Sr., seconded by Mr. Alton Stevenson, to add the following items to the agenda: a request from Pride Oil Company, Crowley Center Ditch Improvements, repairs to the bridge on St. Margaret Road and a request for piggy back purchasing assistance. Motion carried.
A motion was offered by Mr. Jimmie Pellerin, seconded by Mr. Cade Benoit, to approve the Minutes of the August 3, 2004, Regular Police Jury Meeting. Motion carried.
ELECTIONS
RESOLUTION
BY MESSRS: CADE BENOIT AND A J CREDEUR
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby approve the transfer of Ward 3 Precinct 6 Polling Place located in the American Legion Home at 6515 Church Point Hwy., Church Point, Louisiana and Ward 3 Precinct 1 Polling Place located in the VFW Hall at 430 POW MIA Memorial Drive, Church Point, Louisiana to the Church Point Town Hall at 102 Church Boulevard, Council Room, Church Point, Louisiana.
BE IT FURTHER RESOLVED that said transfer requests be subject to the approval of the U. S. Department of Justice.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
FEDERAL/STATE FINANCIAL ASSISTANCE
RESOLUTION
BY MESSRS: FELTON MOREAU AND A J BROUSSARD
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby authorize the Secretary to submit an application for Rural Development Funding on behalf of the Iota Long-Point Drainage District in the amount of $10,000 for drainage improvements.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
RESOLUTION
BY MESSRS: FELTON MOREAU AND A J BROUSSARD
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby authorize the Secretary to submit a Rural Development Grant application in the amount of $30,000 on behalf of Fire Protection District No. 2 for building improvements.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
FINANCE
The following resolution was offered by Mr. Alton Stevenson and seconded by Mr. Felton Moreau:
RESOLUTION
A resolution providing for the incurring of debt and issuance,
execution, negotiation, sale and delivery of Two Million Six
Hundred Forty Thousand Dollars ($2,640,000) of Correctional
Center Bonds, Series 2004, of the Parish of Acadia, State of
Louisiana; prescribing the form, terms and conditions of said
Bonds; designating the date, denomination and place of
payment thereof in principal and interest; making application
to the Louisiana State Bond Commission; authorizing the
agreement with the Paying Agent; providing for the
employment of bond counsel; providing for the acceptance of
an offer for the purchase of said Bonds; and providing for other
matters in connection therewith.
WHEREAS, the Budget of the Parish of Acadia, State of Louisiana (the "Issuer"), for the fiscal year ending December 31, 2004, including funds budgeted for the payment of the Bonds herein authorized, shows an excess of revenues over statutory, necessary and usual charges and all other expenses for such fiscal year sufficient to meet the maximum principal and interest requirements in any future year on the Correctional Center Bonds authorized herein (the "Bonds"), and the Issuer will herein obligate itself and its successors in office to budget and set aside annually adequate funds for the payment of the Bonds, in principal and interest in future years; and
WHEREAS, Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other applicable constitutional and statutory authority, authorizes the Issuer to make and enter into contracts dedicating the excess of annual revenues of subsequent years, from any source, above statutory, necessary and usual charges to the payment of the cost of public improvements which are to be borne by the Issuer under such contracts; and
WHEREAS, pursuant to and in accordance with the foregoing, the Issuer now desires to incur debt and issue Two Million Six Hundred Forty Thousand Dollars ($2,640,000) of its Correctional Center Bonds, Series 2004, in the manner authorized and provided by the aforesaid Section of the Louisiana Revised Statutes of 1950, as hereinafter provided, for the purpose of constructing, equipping and furnishing a new correctional center for the Issuer; effecting a current refunding of the December 1, 2005 through December 1, 2009, inclusive, maturities of an issue of Certificates of Indebtedness, Series 1999, dated December 1, 1999, of the Issuer, and paying the costs of issuance of the Bonds; and
WHEREAS, the Issuer is not now a party to any contract pledging or dedicating its excess of annual revenues above statutory, necessary and usual charges, other than to the payment of the Series 1999 Certificates which are being refunded in order to effect cash flow improvement; and
WHEREAS, it is the desire of the Issuer to fix the details necessary with respect to the issuance of the Bonds and to provide for the authorization and issuance thereof; and
WHEREAS, it is the further desire of the Issuer to provide for the sale of the Bonds to the Purchaser (hereinafter defined) at the price and in the manner hereinafter provided;
NOW, THEREFORE, BE IT RESOLVED by the Police Jury of the Parish of Acadia, State of Louisiana, acting as the governing authority thereof, that:
SECTION 1. Definitions. As used herein, the following terms shall have the following meanings, unless the context otherwise requires:
"Act" shall mean Section 1430 of Title 39 of the Louisiana Revised
Statutes of 1950, as amended, and other applicable constitutional and
statutory authority.
"Additional Parity Obligations" shall mean any pari passu additional
obligations hereafter issued by the Issuer on a parity with the Bonds, with
respect to the excess of annual revenues of the Issuer, all as provided
herein.
"Agreement" shall mean the agreement to be entered into between the
Issuer and the Paying Agent pursuant to this Resolution.
"Bond" or “Bonds” shall mean the Issuer's Correctional Center Bonds,
Series 2004, authorized by this Resolution, in the total aggregate principal
amount of Two Million Six Hundred Forty Thousand Dollars ($2,640,000),
whether initially delivered or issued in exchange for, upon transfer of, or
in lieu of any Bond previously issued.
"Bond Counsel" shall mean an attorney or firm of attorneys whose
experience in matters relating to the issuance of obligations by states
and their political subdivision is nationally recognized.
"Bond Register" shall mean the records kept by the Paying Agent,
hereinafter defined, at their principal corporate office in which registration
of the Bonds and transfers of the Bonds shall be made as provided herein.
"Code" shall mean the Internal Revenue Code of 1986, as amended.
"Executive Officers" shall mean, collectively, the President and the
Secretary-Treasurer of the Governing authority.
"Fiscal Year" shall mean the one-year accounting period commencing on
January 1 of each year, or such other one-year period as may be
designated by the Governing Authority as the fiscal year of the Issuer.
"Governing Authority" shall mean the Police Jury of the Parish of Acadia,
State of Louisiana.
"Government Securities" shall mean direct obligations of, or obligations
the principal of and interest on which are unconditionally guaranteed by
the United States of America, which are non-callable prior to their
maturity, may be United States Treasury obligations such as the State
and Local Government Series and may be in book-entry form.
"Interest Payment Date" shall mean April 1 and October 1 of each year
during which the Bonds are outstanding, commencing April 1, 2005.
"Issuer" shall mean the Parish of Acadia, State of Louisiana.
"Outstanding" when used with respect to the Bonds shall mean, as of
the date of determination, any Bond theretofore issued and delivered
under this Resolution, except:
1. Any Bond theretofore canceled by the Paying Agent or delivered to the
Paying Agent for cancellation;
2. Any Bond for which payment sufficient funds or government securities,
or both, have been theretofore deposited in trust for the owners of
such Bond with the effect specified in this Resolution or by law;
3. Any Bond in exchange for or in lieu of which another Bond has been
registered and delivered pursuant to this Resolution; and
4. Any Bond alleged to have been mutilated, destroyed, lost or stolen
which may have been paid as provided in this Resolution or by law.
"Owner" or “Owners” when used with respect to any Bond shall mean
the Person in whose name such Bond is registered in the Bond Register.
"Paying Agent" shall mean Argent Trust, a division of National
Independent Trust Company, of Ruston, Louisiana, until a successor
Paying Agent shall have been appointed pursuant to the applicable
provisions of this Resolution and thereafter "Paying Agent" shall mean
such successor Paying Agent.
"Person" shall mean any individual, corporation, partnership, joint
venture, association, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof.
"Purchaser" shall mean IberiaBank, of Lafayette, Louisiana; and First
Bank, National Association, of Crowley, Louisiana, joint purchasers of the
Bonds.
"Record Date" for the interest payable on any Interest Payment Date
shall mean the 15th calendar day of the month next preceding such
Interest Payment Date.
"Refunded Certificates" shall mean $135,000 principal amount of the
Issuer's outstanding Certificates of Indebtedness, Series 1999, dated
December 1, 1999, maturing serially on December 1 of the years 2005
through 2009, inclusive, which are being refunded by the Bonds, as more
fully described in Exhibit “C” hereto.
"Resolution" shall mean this resolution authorizing the issuance of the
Bonds, as it may be supplemented and amended.
SECTION 2. Authorization of the Bonds; Maturities. Subject to the approval of the Louisiana State Bond Commission, and in compliance with the terms and provisions of the Act, and other applicable constitutional and statutory authority, there is hereby authorized the incurring of an indebtedness of Two Million Six Hundred Forty Thousand Dollars ($2,640,000) for, on behalf of, and in the name of the Issuer, for the purpose of constructing, equipping and furnishing a new correctional center for the Issuer; effecting a current refunding of the December 1, 2005 through December 1, 2009, inclusive, maturities of an issue of Certificates of Indebtedness, Series 1999, dated December 1, 1999, of the Issuer, and paying the costs of issuance of the Bonds, and to represent said indebtedness this Governing Authority does hereby authorize the issuance of its Correctional Center Bonds, Series 2004, in the principal amount of Two Million Six Hundred Forty Thousand Dollars ($2,640,000) . The Bonds shall be in fully registered form, shall be dated October 1, 2004, shall be issued in the denomination of Five Thousand Dollars ($5,000) or any integral multiple thereof within a single maturity and shall be numbered from R-1 upward. The Bonds shall bear interest from the date thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rates set forth below, payable on each Interest Payment Date, commencing April 1, 2005, and shall mature serially on October 1 of each year as follows:
Principal Interest Rate Principal Interest Rate
Year Payment Per Annum Year Payment Per Annum
2005 $125,000 2.75% 2013 $180,000 4.35%
2006 130,000 3.00 2014 190,000 4.50
2007 135,000 3.25 2015 200,000 4.60
2008 145,000 3.50 2016 210,000 4.70
2009 150,000 3.75 2017 215,000 4.80
2010 155,000 4.00 2018 230,000 4.90
2011 165,000 4.15 2019 240,000 5.10
2012 170,000 4.25
The principal of the Bonds, upon maturity or redemption, shall be payable at the principal office of the Paying Agent, upon presentation and surrender thereof, and interest on the Bonds shall be payable by check of the Paying Agent mailed by the Paying Agent to the Owner (determined as of the close of business on the Record Date) at the address shown on the Bond Register (determined as of the close of business on the Record date) at the address shown on the Bond. Each Bond delivered under this Resolution upon transfer of, in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond, and each such Bond shall bear interest (as herein set forth) so neither gain nor loss in interest shall result from such transfer, exchange or substitution.
No Bond shall be entitled to any right or benefit under this Resolution, or be valid or obligatory for any purpose, unless there appears on such Bond a certificate of registration, substantially in the form provided in this Resolution, executed by the Paying Agent by manual signature.
SECTION 3. Redemption Provisions. Those Bonds maturing October 1, 2012, and thereafter, shall be callable for redemption by the Issuer in full, or in part, at any time on or after October 1, 2011 (but if in part, in the inverse order of their maturities, and if less than a full maturity, then by lot within such maturity), at the principal amount thereof and accrued interest to the date fixed for redemption. In the event a Bond to be redeemed is of a denomination larger than Five Thousand Dollars ($5,000), a portion of such Bond ($5,000 or any multiple thereof) may be redeemed. Any Bond which is to be redeemed only in part shall be surrendered at the office of the Paying Agent and there shall be delivered to the Owner of such Bond, a new Bond of the same maturity and of authorized denomination as requested by such Owner in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Official notice of such call of any of the Bonds for redemption shall be given by means of first class mail, postage prepaid, by notice deposited in the United States mails not less than thirty (30) days prior to the redemption date addressed to the Owner of each Bond to be redeemed at his address as shown on the Bond Register.
SECTION 4. Registration and Transfer. The Issuer shall cause the Bond Register to be kept by the Paying Agent. The Bonds may be transferred, registered and assigned only on the Bond Register, and such registration shall be at the expense of the Issuer. A Bond may be assigned by the execution of an assignment form on the Bond or by other instruments of transfer and assignment acceptable to the Paying Agent. A new Bond or Bonds will be delivered by the Paying Agent to the last assignee (the new Owner) in exchange for such transferred and assigned Bonds after receipt of the Bonds to be transferred in proper form. Such new Bond or Bonds shall be in the denomination of Five Thousand Dollars ($5,000) each, or any integral multiple thereof within a single maturity. Neither the Issuer nor the Paying Agent shall be required to issue, register, transfer or exchange any Bond during a period beginning (i) at the opening of business on a Record Date and ending at the close of business on the Interest Payment Date or (ii) with respect to Bonds to be redeemed, at the opening of business fifteen (15) days before the date of the mailing of a notice of redemption of such Bonds and ending on the date of such redemption.
SECTION 5. Form of Bonds. The Bonds and the endorsements to appear thereon shall be in substantially the following forms, respectively, to-wit:
(FORM OF FACE OF BONDS)
UNITED STATES OF AMERICA
STATE OF LOUISIANA
PARISH OF ACADIA
CORRECTIONAL CENTER BOND, SERIES 2004
PARISH OF ACADIA, STATE OF LOUISIANA
Bond Bond Maturity Interest Principal
Number Date Date Rate Amount
R-__ October 1, 2004 October 1, ____ ___% $________
The PARISH OF ACADIA, STATE OF LOUISIANA (the "Issuer"), promises to pay, but only from the source and as hereinafter provided, to:
or registered assigns, on the Maturity Date set forth above, the Principal Amount set forth above, together with interest thereon from the Bond Date set forth above or the most recent interest payment date to which interest has been paid or duly provided for, payable semiannually on April 1 and October 1 of each year, commencing April 1, 2005 (each an "Interest Payment Date"), at the Interest Rate per annum set forth above until said Principal Amount is paid, unless this Bond shall have been previously called for redemption and payment shall have been made or duly provided for. The principal of this Bond, upon maturity or redemption, is payable in lawful money of the United States of America at the principal office of Argent Trust, a division of National Independent Trust Company, of Ruston, Louisiana, or successor thereto (the "Paying Agent"), upon presentation and surrender hereof. Interest on this Bond is payable by check mailed by the Paying Agent to the registered owner (determined as of the close of business on the 15th calendar day of the month next preceding each Interest Payment Date) at the address as shown on the registration books of the Paying Agent.
This Bond is one of an authorized issue aggregating in principal the sum of Two Million Six Hundred Forty Thousand Dollars ($2,640,000) (the "Bonds") all of like tenor and effect except as to number, denomination, interest rate and maturity, said Bonds having been issued by the Issuer pursuant to a resolution adopted by its governing authority on August 17, 2004 (the "Resolution"), for the purpose of constructing, equipping and furnishing a new correctional center for the Issuer; effecting a current refunding of the December 1, 2005 through December 1, 2009, inclusive, maturities of an issue of Certificates of Indebtedness, Series 1999, dated December 1, 1999, of the Issuer, and paying the costs of issuance of the Bonds, under the authority conferred by Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other applicable constitutional and statutory authority.
Those Bonds maturing on October 1, 2012 and thereafter, are callable for redemption by the Issuer in full, or in part, at any time on or after October 1, 2011, (but if in part, in the inverse order of their maturities, and if less than a full maturity, then by lot within such maturity), at the principal amount thereof and accrued interest to the date fixed for redemption. In the event a Bond to be redeemed is of a denomination larger than Five Thousand Dollars ($5,000), a portion of such Bond ($5,000 or any multiple thereof) may be redeemed. Any Bond which is to be redeemed only in part shall be surrendered at the office of the Paying Agent and there shall be delivered to the owner of such Bond, a new Bond of the same maturity and of authorized denomination as requested by such owner in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Official notice of such call of any of the Bonds for redemption shall be given by means of first class mail, postage prepaid, by notice deposited in the United States mails not less than thirty (30) days prior to the redemption date addressed to the registered owner of each Bond to be redeemed at his address as shown on the Bond Register.
The Issuer shall cause to be kept at the principal office of the Paying Agent a register (the "Bond Register") in which registration of the Bonds and of transfers of the Bonds shall be made as provided in the Resolution. This Bond may be transferred, registered and assigned only on the Bond Register, and such registration shall be at the expense of the Issuer. This Bond may be assigned by the execution of the assignment form hereon or by other instrument of transfer and assignment acceptable to the Paying Agent. A new Bond or Bonds will be delivered by the Paying Agent to the last assignee (the new registered owner) in exchange for this transferred and assigned Bond after receipt of this Bond to be transferred in proper form. Such new Bond or Bonds shall be in the denomination of Five Thousand Dollars ($5,000) or any integral multiple thereof within a single maturity. Neither the Issuer nor the Paying Agent shall be required to issue, register, transfer or exchange any Bond during a period beginning (i) at the opening of business on the 15th calendar day of the month next preceding an Interest Payment Date and ending at the close of business on the Interest Payment Date or (ii) with respect to Bonds to be redeemed, at the opening of business fifteen (15) days before the date of the mailing of a notice of redemption of such Bonds and ending on the date of such redemption.
The Bonds, including this Bond, are secured by and payable solely from a pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary and usual charges in each of the fiscal years during which the Bonds are outstanding, and revenues from any source which may be transferred to the General Fund of the Issuer to pay the debt service on the Bonds. The Issuer has covenanted and agreed to budget annually a sufficient sum of money to pay the principal of and the interest on this Bond and the issue of which it forms a part, and to levy and collect in each year taxes and to collect other revenues within the limits prescribed by law, sufficient to pay the principal of and the interest on the Bonds as said principal and interest come due. The Issuer, in the Resolution has also entered into certain other covenants and agreements with the registered owner of this Bond, including a provision for the issuance of additional pari passu obligations on a parity with the Bonds, for the terms of which reference is made to the Resolution.
This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution until the certificate of registration hereon shall have been signed by the Paying Agent.
It is certified that this Bond is authorized by and issued in conformity with the requirements of the Constitution and statutes of the State of Louisiana. It is further certified, recited and declared that all acts, conditions and things required to exist, to happen and to be performed precedent to and in the issuance of this Bond and the issue of which it forms a part to constitute the same legal, binding and valid obligations of the Issuer have existed, have happened and have been performed in due time, form and manner as required by law, and that the indebtedness of the Issuer, including this Bond and the issue of which it forms a part, does not exceed the limitations prescribed by the Constitution and statutes of the State of Louisiana.
IN WITNESS WHEREOF, the Police Jury of the Parish of Acadia, State of Louisiana, acting as the governing authority of the Issuer, has caused this Bond to be executed in the name of the Issuer by the manual signatures of its President and its Secretary-Treasurer, and the corporate seal of the Issuer to be impressed hereon.
PARISH OF ACADIA,
STATE OF LOUISIANA
___________________________ ____________________________
Secretary-Treasurer President
Acadia Parish Police Jury Acadia Parish Police Jury
(SEAL)
* * * * *
(FORM OF PAYING AGENT'S CERTIFICATE OF REGISTRATION)
This Bond is one of the Bonds referred to in the within-mentioned Bond Resolution.
ARGENT TRUST, A DIVISION OF NATIONAL
INDEPENDENT TRUST COMPANY
Ruston, Louisiana
as Paying Agent
Date of Registration: _________ By: ______________________________
Authorized Officer
* * * * *
(FORM OF ASSIGNMENT)
FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto ___________________________________________________________
Please Insert Social Security
or other Identifying Number of Assignee
the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints
attorney or agent to transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises.
Dated:
NOTICE: The signature to this
assignment must correspond with the
name as it appears upon the face of
the within Bond in every particular,
without alteration or enlargement or
any change whatever.
* * * * *
SECTION 6. Execution of Bonds. The Bonds shall be signed by the Executive Officers for, on behalf of, in the name of and under the corporate seal of the Issuer, which signatures and corporate seal may be either manual or facsimile.
SECTION 7. Pledge and Dedication of Revenues. Pursuant to the provisions of the Act, the Bonds shall be secured by and payable from a pledge and dedication of the excess of annual revenues of the Issuer above statutory, necessary and usual charges in each of the Fiscal Years during which the Bonds are outstanding, and revenues from any source which may be transferred to the General Fund of the Issuer to pay the debt service on the Bonds. There is hereby irrevocably pledged and dedicated to the payment of the Bonds, an amount of such excess of annual revenues sufficient to pay same in principal and interest as they respectively mature. Until the Bonds shall have been paid in full in principal and interest, this Governing Authority does hereby obligate the Issuer, itself and its successors in office, to budget annually a sum of money sufficient to pay the principal of and interest on the Bonds, including any principal and/or interest theretofore matured and then unpaid, and to levy and collect in each year taxes and collect other revenues, within the limits prescribed by law, sufficient to pay the principal of and interest on the Bonds, after payment in such years of all the said statutory, necessary and usual charges of the Issuer for the then current year.
SECTION 8. Sinking Fund. For the payment of the principal of and the interest on the Bonds, there is hereby created a special fund to be known as "Excess Revenue Debt Sinking Fund" (the "Sinking Fund"), said Sinking Fund to be established and maintained with the regularly designated fiscal agent bank of the Issuer. The Issuer shall deposit in the Sinking Fund at least three (3) days in advance of the date on which each payment of principal and/or interest falls due, funds fully sufficient to promptly pay the maturing principal and/or interest so falling due on such date.
It shall be specifically understood and agreed, however, and this provision shall be a part of this contract, that after the funds have actually been budgeted out of the revenues of any Fiscal Year sufficient to pay the principal and interest on the Bonds for that Fiscal Year, then any excess of annual revenues remaining in that Fiscal Year shall be free for expenditure by the Issuer for any other lawful corporate purpose.
All moneys deposited with the regularly designated fiscal agent bank or banks of the Issuer or the Paying Agent under the terms of this Resolution shall constitute sacred funds for the benefit of the Owners of the Bonds, and shall be secured by said fiduciaries at all times to the full extent thereof in the manner required by law for the securing of deposits of public funds.
All or any part of the moneys in the Sinking Fund shall, at the written request of the Issuer, be invested in accordance with the provisions of the laws of the State of Louisiana, in which event all income derived from such investments shall be added to the General Fund of the Issuer.
SECTION 9. Parity Bonds. The Issuer shall issue no other bonds or obligations of any kind or nature payable from or enjoying a lien on the excess of annual revenues of the Issuer above the said statutory, necessary and usual charges, having priority over or parity with the Bonds herein authorized except that Additional Parity Obligations may hereafter be issued on a parity with the Bonds under the following conditions:
(i) The net excess of annual revenues of the Issuer (excess of general
revenues over expenditures, which shall include any fund balance
carried forward from a prior year, and revenues from any source
which may be transferred to the General Fund of the Issuer to pay
the debt service on the Bonds) for the Fiscal Year immediately
preceding the issuance of Additional Parity Obligations must have
been not less than 1.35 times the highest annual debt service
requirements in any succeeding Fiscal Year on all such obligations
then outstanding, including any Additional Parity Obligations
theretofore issued and then outstanding which are payable from the
excess of general revenues of the Issuer (but not including debt
obligations which have been refunded or provisions otherwise made
for their full and complete payment and redemption), and the
Additional Parity Obligations proposed to be issued;
(ii) The Issuer is in full compliance with all covenants and undertakings
in connection with all of its excess revenue debt obligations then
outstanding and payable from the excess of general revenues of the
Issuer or any part thereof, and there are no delinquencies in
payments required to be made to the sinking fund established and
maintained for the security and payment of the Bonds;
(iii) The existence of the facts required by the foregoing paragraphs (i)
and (ii) must be determined and certified by the Secretary-Treasurer
of the Governing Authority; and
(iv) The Additional Parity Obligations must be payable as to principal
annually on October 1 of each year in which principal becomes due,
and interest thereon must be payable on April 1 and October 1 of
each year following the date thereof.
SECTION 10. Budget; Audit. As long as any of the Bonds are outstanding and unpaid in principal or interest, the Issuer shall prepare and adopt a budget prior to the beginning of each Fiscal Year and shall furnish a copy of such budget within thirty (30) days after its adoption to the Paying Agent and the Purchaser; the Issuer shall also furnish a copy of such budget to the Owners of any of the Bonds who request the same. Not later than six (6) months after the close of each Fiscal Year, the Issuer shall cause an audit of its books and accounts to be made by the Legislative Auditor or an independent firm of certified public accountants showing the receipts and disbursements made by the Issuer during the previous Fiscal Year. Such audit shall be available for inspection by the Owner of any of the Bonds, and a copy of such audit shall be furnished to the Purchaser.
SECTION 11. Application of Proceeds. The Executive Officers are hereby empowered, authorized and directed to do any and all things necessary and incidental to carry out all of the provisions of this Resolution, to cause the necessary Bonds to be printed, to issue, execute and seal the Bonds, and to effect delivery thereof as hereinafter provided. The proceeds derived from the sale of the Bonds, except accrued interest, shall be deposited by the Issuer with its fiscal agent bank or banks to be used only for the purpose for which the Bonds are issued. Accrued interest, if any, derived from the sale of the Bonds shall be deposited in the Sinking Fund to be applied to the first interest payment.
SECTION 12. Bonds Legal Obligations. The Bonds shall constitute legal, binding and valid obligations of the Issuer, and shall be the only representations of the indebtedness as herein authorized and created.
SECTION 13. Resolution a Contract. The provisions of this Resolution shall constitute a contract between the Issuer, or its successor, and the Owner or Owners from time to time of the Bonds, and any such Owner or Owners may at law or in equity, by suit, action, mandamus or other proceedings, enforce and compel the performance of all duties required to be performed by this Governing Authority or the Issuer as a result of issuing the Bonds.
No material modification or amendment of this Resolution, or of any Resolution amendatory hereof or supplemental hereto, may be made without the consent in writing of the Owners of two-thirds (2/3) of the aggregate principal amount of the Bonds then outstanding; provided, however, that no modification or amendment shall permit a change in the maturity or redemption provisions of the Bonds, or a reduction in the rate of interest thereon, or in the amount of the principal obligation thereof, or affecting the obligation of the Issuer to pay the principal of and the interest on the Bonds as the same shall come due from the revenues appropriated, pledged and dedicated to the payment thereof by this Resolution, or reduce the percentage of the Owners required to consent to any material modification or amendment of this Resolution, without the consent of the Owners of the Bonds.
SECTION 14. Severability; Application of Subsequently Enacted Laws. In case any one or more of the provisions of this Resolution or of the Bonds shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provisions of this Resolution or of the Bonds, but this Resolution and the Bonds shall be construed and enforced as if such illegal or invalid provisions had not been contained therein. Any constitutional or statutory provisions enacted after the date of this Resolution which validate or make legal any provision of this Resolution and/or the Bonds which would not otherwise be valid or legal, shall be deemed to apply to this Resolution and to the Bonds.
SECTION 15. Recital of Regularity. This Governing Authority having investigated the regularity of the proceedings had in connection with the Bonds and having determined the same to be regular, the Bonds shall contain the following recital, to-wit:
"It is certified that this Bond is authorized by and is issued
in conformity with the requirements of the Constitution
and statutes of the State of Louisiana."
SECTION 16. Effect of Registration. The Issuer, the Paying Agent, and any agent of either of them may treat the Owner in whose name any Bond is registered as the Owner of such Bond for the purpose of receiving payment of the principal (and redemption price) of and interest on such Bond and for all other purposes whatsoever, and to the extent permitted by law, neither the Issuer, the Paying Agent, nor any agent of either of them shall be affected by notice to the contrary.
SECTION 17. Notices to Owners. Wherever this Resolution provides for notice to Owners of Bonds of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Owner of such Bonds, at the address of such Owner as it appears in the Bond Register. In any case where notice to Owners of Bonds is given by mail, neither the failure to mail such notice to any particular Owner of Bonds, nor any defect in any notice so mailed, shall affect the sufficiency of such notice with respect to all other Bonds. Where this Resolution provides for notice in any manner, such notice may be waived in writing by the Owner or Owners entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Owners shall be filed with the Paying Agent, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.
SECTION 18. Cancellation of Bonds. All Bonds surrendered for payment, redemption, transfer, exchange or replacement, if surrendered to the Paying Agent, shall be promptly canceled by it and, if surrendered to the Issuer, shall be delivered to the Paying Agent and, if not already canceled, shall be promptly canceled by the Paying Agent. The Issuer may at any time deliver to the Paying Agent for cancellation any Bonds previously registered and delivered which the Issuer may have acquired in any manner whatsoever, and all Bonds so delivered shall be promptly canceled by the Paying Agent. All canceled Bonds held by the Paying Agent shall be disposed of as directed in writing by the Issuer.
SECTION 19. Mutilated, Destroyed, Lost or Stolen Bonds. If (1) any mutilated Bond is surrendered to the Paying Agent, or the Issuer and the Paying Agent receive evidence to their satisfaction of the destruction, loss or theft of any Bond, and (2) there is delivered to the Issuer and the Paying Agent such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Issuer or the Paying Agent that such Bond has been acquired by a bona fide purchaser, the Issuer shall execute, and upon its request the Paying Agent shall register and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost, or stolen Bond, a new Bond of the same maturity and of like tenor, interest rate and principal amount, bearing a number not contemporaneously outstanding. In case any such mutilated, destroyed, lost or stolen Bond has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Bond, pay such Bond. Upon the issuance of any new Bond under this Section, the Issuer may require the payment by the Owner of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Paying Agent) connected therewith. Every new Bond issued pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen bond shall constitute a replacement of the prior obligation of the Issuer, whether or not the mutilated, destroyed, lost or stolen Bond shall be at any time enforceable by anyone and shall be entitled to all the benefits of this Resolution equally and ratably with all other Outstanding Bonds. Any additional procedures set forth in the Agreement, authorized in this Resolution, shall also be available with respect to mutilated, destroyed, lost or stolen Bonds. The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement and payment of mutilated, destroyed, lost or stolen Bonds.
SECTION 20. Discharge of Resolution; Defeasance. If the Issuer shall pay or cause to be paid, or there shall otherwise be paid to the Owners, the principal (and redemption price) of and interest on the Bonds, at the times and in the manner stipulated in this Resolution, then the pledge of the money, securities, and funds pledged under this Resolution and all covenants, agreements, and other obligations of the Issuer to the Owners of the Bonds shall thereupon cease, terminate, and become void and be discharged and satisfied, and the Paying Agent shall pay over or deliver all money held by it under this Resolution to the Issuer.
Bonds or interest installments for the payment or redemption of which money shall have been set aside and shall be held in trust (through deposit by the Issuer of funds for such payment or redemption or otherwise) at the maturity or redemption date thereof shall be deemed to have been paid within the meaning and with the effect expressed above in this Section. Bonds shall be deemed to have been paid, prior to their maturity, within the meaning and with the effect expressed above in this Section if there shall have been deposited in trust either money in an amount which shall be sufficient, or Government Securities the principal of and the interest on which when due will provide money which, together with the money, if any, deposited in trust at the same time, shall be sufficient to pay when due the principal of, premium, if any, and interest to become due on such Bonds on and prior to the stated maturity or (if notice of the call for redemption has been duly given or waived or if irrevocable arrangements therefor have been made) redemption date thereof. Neither Government Securities nor money deposited in trust pursuant to this Section, nor principal or interest payments on any such Government Securities, shall be withdrawn or used for any such purpose other than, and shall be held in trust for, the payment of the principal (and redemption price) of and interest on such Bonds. Any cash received from such principal of and interest on such investment securities deposited in trust, if not needed for such purpose, shall, to the extent practicable, be reinvested in Government Securities (which may be non-interest bearing) maturing at times and in amounts sufficient to pay when due the principal, premium, if any, and interest on such Bonds on and prior to the maturity thereof, and interest earned from such reinvestments shall be paid over to the Issuer as received by the depositary, free and clear of any trust, lien, or pledge. Any payment for Government Securities purchased for the purpose of reinvestment as aforesaid shall be made only against delivery of such Government Securities.
SECTION 21. Successor Paying Agent; Paying Agent Agreement. The Issuer will at all times maintain a Paying Agent meeting the qualifications hereinafter described for the performance of the duties hereunder for the Bonds. The designation of the initial Paying Agent in this Resolution is hereby confirmed and approved. The Issuer reserves the right to appoint a successor Paying Agent by (a) filing with the Person then performing such function a certified copy of a resolution giving notice of the termination of the Agreement and appointing a successor and (b) causing notice to be given to each Owner. Every Paying Agent appointed hereunder shall at all times be a bank or trust company organized and doing business under the laws of the United States of America or of any state, authorized under such laws to exercise trust powers, and subject to supervision or examination by Federal or State authority. The Executive Officers are hereby authorized and directed to execute an appropriate Agreement with the Paying Agent for and on behalf of the Issuer in such form as may be satisfactory to said officers, the signatures of said officers on such Agreement to be conclusive evidence of the due exercise of the authority granted hereunder.
SECTION 22. Tax Covenants. The Issuer covenants and agrees that, to the extent permitted by the laws of the State of Louisiana, it will comply with the requirements of the Internal Revenue Code of 1986 and any amendment thereto (the "Code") in order to establish, maintain and preserve the exclusion from "gross income" of interest on the Bonds under the Code. The Issuer further covenants and agrees that it will not take any action, fail to take any action, or permit any action within its control to be taken, or permit at any time or times any of the proceeds of the Bonds or any other funds of the Issuer to be used directly or indirectly in any manner, the effect of which would be to cause the Bonds to be "arbitrage bonds" or would result in the inclusion of the interest on any of the Bonds in gross income under the Code, including, without limitation, (i) the failure to comply with the limitation on investment of Bond proceeds or (ii) the failure to pay any required rebate of arbitrage earnings to the United States of America or (iii) the use of the proceeds of the Bonds in a manner which would cause the Bonds to be "private activity bonds".
The Bonds are designated as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3)(B)of the Code. In making this designation, the Issuer finds and determines that:
(a) the Bonds are not "private activity bonds" within the meaning of the
Code; and
(b) the reasonably anticipated amount of qualified tax-exempt
obligations which will be issued by the Issuer and all subordinate
entities in calendar year 2004 does not exceed $10,000,000.
The Executive Officers are hereby empowered, authorized and directed to take any and all action and to execute and deliver any instrument, document or certificate necessary to effectuate the purposes of this Section.
SECTION 23. Disclosure Under SEC Rule 15c2-12. It is recognized that the Issuer will not be required to comply with the continuing disclosure requirements described in the Rule 15c-2-12(b) of the Securities and Exchange Commission [17 CFR §240.15c2-12(b)], because:
(a) the Bonds are not being purchased by a broker, dealer or municipal
securities dealer acting as an underwriter in a primary offering of
municipal securities, and
(b) the Bonds are being sold to only one financial institution (i.e., no
more than thirty-five persons), which (i) has such knowledge and
experience in financial and business matters that it is capable of
evaluating the merits and risks of the prospective investment in the
Bonds and (ii) is not purchasing the Bonds for more than one
account or with a view to distributing the Bonds.
SECTION 24. Award of Bonds. The President and/or Secretary-Treasurer of the Issuer are hereby authorized on behalf of the Issuer to accept the offer submitted by the Purchaser, attached hereto as Exhibit "A" hereto. The Bonds shall be delivered to said Purchaser upon the payment of the principal amount thereof plus accrued interest from the date of the Bonds to the date of delivery thereof.
SECTION 25. Declaration of Official Intent Under Reg. 1.150-2. Prior to the delivery of the Bonds (hereinabove approved in an amount not to exceed $2,640,000) the Issuer anticipates that it may pay a portion of the costs of the project not to exceed $2,640,000 from other available funds in the general fund or other funds of the Issuer. The project includes, specifically, constructing, equipping and furnishing a new correctional center for the Issuer; effecting a current refunding of the December 1, 2005 through December 1, 2009, inclusive, maturities of an issue of Certificates of Indebtedness, Series 1999, dated December 1, 1999, of the Issuer, and paying the costs of issuance of the Bonds. Upon the issuance of the Bonds, the Issuer reasonably expects to reimburse any such expenditures of other available funds from a portion of the proceeds of the Bonds. This Section is intended to be a declaration of official intent within the meaning of Reg. 1.150-2.
SECTION 26. Publication. A copy of this Resolution shall be published immediately after its adoption in one (1) issue of the official journal of the Issuer. If the validity of the issuance of the Bonds is not raised within thirty (30) days from the date of such publication, the Bonds shall be incontestable in the hands of bona fide purchasers thereof for value and no court shall have authority to inquire into the legality thereof.
SECTION 27. Employment of Bond Counsel. The law firm of Foley & Judell, L. L. P., Bond Counsel is hereby employed as Bond Counsel to the Issuer to handle all matters of a legal nature in connection with the negotiation, sale, issuance and delivery of the Bonds. The fee of Foley & Judell, L. L. P., in connection with said program of finance is hereby established and fixed at a rate not to exceed the rate for comprehensive legal and coordinate professional work for revenue bonds set by the Attorney General's Fee Schedule which is in effect at the time of the delivery of the Bonds, plus "out-of-pocket" expenses, including any and all expenses and costs in preparing an Official Statement for the Bonds, if necessary, said fee to be contingent upon the delivery and payment for the Bonds herein authorized. A certified copy of this Resolution shall be forwarded to the Attorney General of the State of Louisiana for his approval of the employment herein provided for.
SECTION 28. Application to Louisiana State Bond Commission. Application is hereby formally made to the Louisiana State Bond Commission, Baton Rouge, Louisiana, for consent and authority to issue, sell and deliver the Bonds.
SECTION 29. Call for Redemption of the Refunded Certificates. Subject only to the delivery of the Bonds, $135,000 principal amount of the Issuer's Certificates of Indebtedness, Series 1999, dated December 1, 1999, consisting of all of said certificates maturing serially on December 1 of the years 2005 through 2009, inclusive, are hereby called for redemption on October 5, 2004, at the principal amount thereof, plus accrued interest to the date of redemption. If required, a notice of redemption in substantially the form attached hereto as Exhibit “B”, shall be sent by the paying agent for the Refunded Certificates to the registered owners of the Refunded Certificates as the same appear on the registration books of said paying agent for the Refunded Certificates by means of first class mail (postage prepaid), by notice deposited in the United States mails not less than thirty (30) days prior to the redemption date addressed to the registered owner of each such Certificate to be redeemed at his address as shown on the Certificate Register.
SECTION 30. Headings. The headings of the various sections hereof are inserted for convenience of reference only and shall not control or affect the meaning or construction of any of the provisions hereof.
SECTION 31. Effective Date. This Resolution shall become effective immediately.
The foregoing resolution having been submitted to a vote, the vote thereon was as follows:
YEAS: Cecelia Broussard, Alton Stevenson, A. J. Broussard, John W. Humble, Sr., Jimmie Pellerin, A. J. Credeur, Thomas Benoit and Felton Moreau.
NAYS: None.
ABSENT: None.
And the Resolution was declared adopted on this, the 17th day of August, 2004.
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
RESOLUTION
BY MESSRS: ALTON STEVENSON AND JOHN HUMBLE SR
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby authorize the sale of temporary modular jail units located on Capitol Avenue to the Acadia Parish Law Enforcement District for the appraised amount of $826,000.00.
BE IT FURTHER RESOLVED that the President be empowered, authorized and directed to execute any and all contracts relative to the sale of said units.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
RESOLUTION
BY MESSRS: A J CREDEUR AND FELTON MOREAU
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby authorize the Secretary-Treasurer to execute an agreement with the Acadiana Regional Development District to implement a GIS Mapping System including Addendum Nos. 1, 3, 4, 5 & 6 for a total agreement amount of $57,260.00.
BE IT FURTHER RESOLVED that funding be allocated in the 2004 Budget from Homeland Security Grants, General Fund and Sales Tax Fund.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
A motion was offered by Mr. John Humble, Sr., seconded by Mr. Alton Stevenson, to authorize the Secretary to advertise for the sale of used office and road maintenance equipment. Motion carried.
MOSQUITO CONTROL
A motion was offered by Mr. John Humble, Sr., seconded by Mr. Jimmie Pellerin, to authorize the Director of Mosquito Control to meet with municipalities to address emergency mosquito control needs and further plan for future consolidated operations. Motion carried.
RESOLUTION
BY MESSRS: JOHN HUMBLE SR AND CADE BENOIT
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby empower, authorize & direct the President to execute Change Order No. 1 to add electrical, HVAC and plumbing to the Mosquito Control Facility in the amount of Seven Thousand One Hundred and 00/100 ($7,100.00) Dollars with Howard J. Nugent, Jr., for an adjusted contract price of One Hundred Six Thousand Eight Hundred Forty-three and 00/100 ($106,843.00) Dollars.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
PERSONNEL
A motion was offered by Mr. A. J. Broussard, seconded by Mr. Alton Stevenson, to approve the decision to authorize leave-with-pay for Mr. Herbert Lyons til final action relative to his employment status. Motion carried.
A motion was offered by Mr. A. J. Broussard, seconded by Mr. Jimmie Pellerin, to authorize termination of Mr. Herbert Lyons’ employment as a result of violating Parish employment policies. Motion carried with two descending votes recorded A. J. Credeur and Cade Benoit.
A motion was offered by Mr. Cade Benoit, seconded by Mr. John Humble, Sr., to authorize advertising for Maintenance Tech Level D, Crowley Division. Motion carried.
PUBLIC FACILITIES/BUILDING & GROUNDS
A motion was offered by Mr. Jimmie Pellerin, seconded by Mr. Felton Moreau, to authorize additional service work on the Branch Road Maintenance Facility at an estimated cost of $22,100 and further authorize additional funding in Parish Transportation to cover the added cost. Motion carried.
PUBLIC WORKS/ROAD & BRIDGE
A motion was offered by Mr. John Humble, Sr., seconded by Mr. Felton Moreau, to approve the Emergency Work Report for the month of July, 2004. Said expenditures to be in the amount of $90.00. Motion carried.
A motion was offered by Mr. Felton Moreau, seconded by Mr. Cade Benoit, to authorize the purchase of culverts in the amount of $8,000 to repair crossings on Buggy and Alley Young Roads. Motion carried.
A motion was offered by Mr. John Humble, Sr., seconded by Mr. Alton Stevenson, to approve $10,000 of additional expenditures to purchase road maintenance chemicals and further authorize additional funding in Parish Transportation to cover the added costs. Motion carried.
RESOLUTION
BY MESSRS: FELTON MOREAU AND A J CREDEUR
BE IT RESOLVED: by the Acadia Parish Police Jury in regular session duly convened this 17th day of August, 2004, does hereby empower, authorize & direct the President to execute Change Order No. 1 for repairs to the bridge on Vie Terre Beau in the amount of Nineteen Thousand Seven Hundred Eighty-four and 42/100 ($19,784.42) Dollars with E. B. Feucht & Sons, Inc., for an adjusted contract price of Seventy-seven Thousand Two Hundred Ninety-four and 42/100 ($77,294.42) Dollars.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
RESOLUTION OF ACCEPTANCE
The following resolution was offered by Mr. A. J. Credeur, duly seconded by Mr. Felton Moreau, and duly resolved and adopted on August 17, 2004.
A resolution authorizing and directing the President to execute for and on behalf of the Acadia Parish Police Jury, an Act of Acceptance for E. B. Feucht & Sons, Inc., Contractor, pertaining to the completion of the contract, Vie Terre Beau Bridge Repairs crossing Bayou Nezipque, in accordance with the plans and specifications contained in the contract documents pertaining thereto.
WHEREAS, E. B. Feucht & Sons, Inc., as Contractor, has completed the Vie Terre Beau Bridge Repairs crossing Bayou Nezpique, in accordance with the plans and specifications contained in the contract documents pertaining thereto; and
WHEREAS, the Acadia Parish Police Jury desires to accept the completed work;
NOW, THEREFORE, BE IT RESOLVED by the Acadia Parish Police Jury that the President of said Acadia Parish Police Jury be, and is hereby empowered, authorized and directed to execute an Act of Acceptance for and on behalf of the Acadia Parish Police Jury accepting the work as being substantially completed, and that she be authorized and directed to have a copy of said acceptance recorded in the Conveyance Records of the Parish of Acadia, State of Louisiana.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
SOLID WASTE/ENVIRONMENTAL
A motion was offered by Mr. Felton Moreau, seconded by Mr. A. J. Broussard, to authorize the implementation of a pilot recycling program consisting of public facilities including but not limited to the Courthouse and Parish Schools. Motion carried.
The following Resolution was offered by Mr. John Humble, Sr., seconded by Mr. Alton Stevenson:
RESOLUTION
This Consent to Declaration of Unitization is granted on
the 17th day of August, 2004, by: The Acadia Parish
Police Jury, appearing herein through its President,
Cecelia S. Broussard, duly authorized, whose mailing
address is Post Office Box A, Crowley, Louisiana
70527-6001 (hereinafter, the “Police Jury”);
WHEREAS, reference is made to that certain Oil and Gas Lease dated effective as of December 13, 1994, recorded May 22, 1995, in COB C-53, Page 525, Entry No. 611877, by and between the Acadia Parish Police Jury, as lessor, and PrimeEnergy Management Corporation, as lessee, covering and affecting lands situated in Sections 9 and 39, Township 10 South, Range 1 West, Acadia Parish, Louisiana (hereinafter, the “Lease”), and
WHEREAS, Paragraph 9 of the Lease provides that “Lessee may, with the consent and approval of Lessor, pool or combine the acreage covered by this lease (or any portion thereof) with any other property, lease, or leases (or portions thereof)”, and
WHEREAS, Lessee and its affiliate, Prime Operating Company, propose to pool and combine a portion of the lands covered by the Lease with other lands to create a pooled unit containing 86.283 acres and designated the MIDLAND FIELD VUA in accordance with the terms and provisions of that certain Declaration of Unitization, a copy of which is attached hereto as Exhibit “A” (hereinafter, the “Declaration of Unitization”).
WHEREAS, pursuant to Paragraph 9 of the Lease, Lessee has requested the Police Jury to consent to and approve the pooling of the Lease in accordance with the terms and provisions of the Declaration of Unitization.
THEREFORE, BE IT RESOLVED by the Acadia Parish Police Jury in regular session duly convened on this the 17th day of August, 2004, does hereby consent to and approve the pooling of the Lease in accordance with the terms and provisions of the Declaration of Unitization and does further ratify and confirm the Declaration of Unitization with respect to the Lease.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
A motion was offered by Mr. Alton Stevenson, seconded by Mr. A. J. Broussard, to approve an amended cost estimate to the Crowley Center Ditch Project in the amount of $65,000 for the purpose of constructing improvements to the ditch banks and further authorize an amendment to the 2004 Budget and to the agreement with the City of Crowley to provide for half of the cost of said project in the amount of $32,500.00. Motion carried.
A motion was offered by Mr. Cade Benoit, seconded by Mr. John Humble, Sr., to approve the amended cost estimate for bridge replacement on St. Margaret Road in the amount of $78,351.91 and further approve the amendment to the bridge repair fund sufficient to cover the added costs. Motion carried.
RESOLUTION
BY MESSRS: JOHN HUMBLE SR AND A J CREDEUR
WHEREAS, any local Public Procurement Unit within the State of Louisiana as defined in LSA-R.S. 38:2212.1F and/or 39:1701, et seq., is authorized to purchase materials and services as needed under Acadia Parish’s approved contracts and blanket purchase orders, and
WHEREAS, such cooperative purchasing between any local Public Procurement Unit within the State of Louisiana is authorized pursuant to LSA-R.S. 38:2212.1F and R.S. 39:1701 et seq.
THEREFORE, BE IT RESOLVED by the Acadia Parish Police Jury in regular session duly convened on this the 17th day of August, 2004:
SECTION 1. That the Police Jury authorize the Secretary to grant approval to any local Public Procurement Unit within the State of Louisiana as defined in LSA - R.S. 39:1701, to purchase materials and services, as needed under Acadia Parish approved contracts and blanket purchase orders;
SECTION 2. That the financial obligations for such purchases must be met by the requesting Purchasing authority of the local Public Procurement Unit within the State of Louisiana as defined in LSA-R.S. 38:2212.1F and/or 39:1701, et seq.
ADOPTED: AUGUST 17, 2004
ATTEST:
/s/ Katry Martin /s/ Cecelia S. Broussard
KATRY MARTIN CECELIA S. BROUSSARD
SECRETARY-TREASURER PRESIDENT
COMMENTS FROM THE PUBLIC
The Secretary reported on the status of the animal control program and a request from the Cooperative Extension Service for 4-H Week activities on the Courthouse grounds.
THERE BEING NO FURTHER BUSINESS TO COME BEFORE THE MEETING, THE MOTION WAS OFFERED DULY SECONDED, THAT THE MEETING ADJOURN UNTIL THE NEXT REGULARLY SCHEDULED MEETING OF SEPTEMBER 7, 2004, AT THE HOUR OF 6:30 P.M.
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