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Sabine Pass ISD board adopts order authorizing defeasance and redemption of certain obligations
Summary
The board adopted an order authorizing defeasance and redemption of certain outstanding district obligations and related provisions; the motion passed Aug. 18 with four votes in favor and three trustees absent.
Trustees adopted an order authorizing the defeasance and redemption of certain outstanding obligations of Sabine Pass ISD at the Aug. 18 meeting. The minutes record the action as: "This motion, made by Julie Saunders and seconded by Nadine Williams, Passed." The vote among trustees present was Yea:4, Absent:3.
The transcript does not include the document text, the obligations being defeased, or dollar amounts; the motion provides board authorization to proceed with the defeasance and related provisions. The district's business office will maintain the full order and supporting documents and will publish required disclosures if and when applicable.
