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Board approves $12.545 million in general obligation school bonds
Summary
The Natchitoches Parish School Board adopted a resolution authorizing the incurring of debt and issuance of $12,545,000 in general obligation school bonds, Series 2026; the resolution passed on a unanimous roll-call vote.
The Natchitoches Parish School Board voted unanimously April 21 to adopt a resolution authorizing the incurring of debt and issuance of $12,545,000 in general obligation school bonds, Series 2026.
The motion, read into the record by Miss Paige, authorized final form and execution of a bond purchase agreement and related matters for consolidated school district number 11. The board carried the resolution on a roll-call vote with every member voting yes.
Board members had no extended debate on the resolution in open session, and staff indicated the paperwork and related documents were on file for final execution. The board's approval allows the district to move forward with the bond sale and related financing arrangements.
The vote was recorded by roll call: all members present voted yes and the motion passed.
The financing's specific use of proceeds was discussed in committee prior to the meeting and the resolution authorizes the district to complete the sale and sign the purchase agreement once final terms are set.
