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La. Rev. Stat. § 39:991.1 Authorization to issue revenue bonds; South Louisiana Port Commission
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§991.1. Authorization to issue revenue bonds; South Louisiana Port Commission In addition to any authority conferred by other laws, the South Louisiana Port Commission created and now operating under the provisions of Chapter 30, Title 34 of the Louisiana Revised Statutes of 1950…
La. Rev. Stat. § 39:991.2 Authorization to issue revenue bonds; port commissions and port, harbor, and terminal districts
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§991.2. Authorization to issue revenue bonds; port commissions and port, harbor, and terminal districts In addition to any authority conferred by other laws, all port commissions and all port, harbor, and terminal districts, hereinafter referred to as commissions, shall constitut…
La. Rev. Stat. § 39:992 Resolution; nature and form of bonds
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§992. Resolution; nature and form of bonds Bonds issued under this Part shall be authorized by resolution of the governing body and shall be limited obligations of the municipality, the principal of and interest on which shall be payable solely from the income and revenue derived…
La. Rev. Stat. § 39:993 Mortgage and pledge; rights of bond holders
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§993. Mortgage and pledge; rights of bond holders Any bonds issued under the authority of this Part shall be payable from and secured by a pledge of the revenues herein above described and may be secured by a mortgage covering all or any part of the project or facility from which…
La. Rev. Stat. § 39:994 Priority of lien
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§994. Priority of lien If more than one series of bonds is issued hereunder, payable from the revenues of any project or facility acquired, constructed or improved from the proceeds of bonds issued under the provisions of this Part, priority of lien on such revenues shall depend …
La. Rev. Stat. § 39:995 Bonds as negotiable instruments
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§995. Bonds as negotiable instruments All bonds issued under this Part shall constitute negotiable instruments within the meaning of the negotiable instruments law. Acts 1964, No. 520, §5.
La. Rev. Stat. § 39:996 Lease, sublease, or sale of project prior to issuance of bonds; terms and conditions
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§996. Lease, sublease, or sale of project prior to issuance of bonds; terms and conditions Prior to the issuance of any bonds under this Part, the municipality shall lease, sublease, or agree to sell the project to a lessee, sublessee, or purchaser under an agreement conditioned …
La. Rev. Stat. § 39:997 Approval by State Bond Commission; validation; interest rates
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§997. Approval by State Bond Commission; validation; interest rates A. Before incurring debt and issuing bonds to carry out any plans to encourage the location of or additions to an industrial enterprise, the State Bond Commission or its successor in function, shall certify its a…
La. Rev. Stat. § 39:998 Sale of bonds
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§998. Sale of bonds The bonds issued under the authority of this Part may be sold at a private sale at such price or prices as may be determined by the governing body of the municipality after publication by the municipality of a notice of intention to sell the bonds at such a pr…
La. Rev. Stat. § 39:999 Refunding bonds
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§999. Refunding bonds For the purpose of refunding any bonds issued hereunder, the governing body of any municipality may authorize the issuance of refunding bonds in a principal amount not exceeding the sum of the expenses incurred in connection with the refunding and the greate…
