FILE:  DFD

BOND SALES

The Ascension Parish School Board shall call tax elections to vote bond issues or shall adopt a resolution providing for the issuance of school bonds within a particular bonding district.  Said issuance of bonds shall prescribe the form and fix the maturities thereof and provide for the payment of said bonds in principal and interest.

The proposition on the ballot submitted to the voters in all bond elections shall state the kinds and source of revenues which are pledged to retire the bonds.

Every bond, tax, or other election at which a proposition or question is to be submitted to the voters shall be held only on one of the dates set by state law or upon proper application to and approval of the State Bond Commission on a date not provided for by state law.

Where securities of the Ascension Parish School Board are required by law to be sold at public sale upon sealed bids after public advertisement, the notice calling for bids shall be published two times within a period of not less than five (5) days in a newspaper of general circulation published in the parish.  The first publication will be at least seven (7) days in advance of the date scheduled for the reception of bids for the securities.  The notices shall also be published one time in either a newspaper of general circulation or a financial journal or newspaper containing a section devoted to municipal bond news published in either of the cities of New Orleans, Louisiana, or New York, New York, at least seven (7) days in advance of the date scheduled for the reception of bids for the securities.

Ref:   Constitution of Louisiana, Art. VI, Sec. 30, Sec. 33

La. Rev. Stat. Ann. §18:1281

Ascension Parish School Board