2013-12-09

The Parish School Board of Many, Louisiana, Sabine Parish, met in public session on December 9, 2013, at 6:30 P.M. at the regular meeting place of said Board, with the following members present: J.A. “Buddy” Veuleman, President, Donald H. Remedies, Vice-President, Roderick Davis, Spencer Faust, William D. Garcie, Imon Jones, James R. Martin, Dale Skinner, and Terrell Snelling.

The meeting was called to order by President Veuleman, the Invocation was offered, the Pledge of Allegiance was rendered and the President welcomed the visitors.

Recognitions and Awards to Sabine Parish Athletes, Games Uniting Mind and Body (G.U.M.B.O.) were presented by Carla Parrie, Special Education Director, and are as follows:

Taylor Jones, Bethany McCleary, Dustin Withers, Brently Miller, Baylee Richardson, Aaliyah Manasco, Alissa Manasco and Joel Masters.

Recognitions and Awards to Individual Schools for Their Achievements were presented by Debra Lee, Director of Federal Programs/Curriculum. The following schools were recognized for their School Performance:

Converse High School, Ebarb High School, Florien High School, Many Elementary School, Many High School, Many Jr. High School, Negreet High School, Pleasant Hill High School, and Zwolle High School.

· Presentation of the Following BESE Updates were given by Melissa Lee, Data & Technology Supervisor:

· On motion by Roderick Davis and seconded by Dale Skinner, it was carried to approve the Consent Agenda, as follows:

BI-ANNUAL BID – (Bid is an all or none bid –vendor receives the entire package bid)

1) Awarding of CANNED, FROZEN, and PRODUCE to SYSCO of East Texas, also received bid for FOOD from Reinhart.

Awarding of BREAD bid to SYSCO of East Texas. Reinhart of Shreveport, LA also submitted a bid, The bread bid is now part of the “bi-annual “ canned, frozen, “bread” and produce package and is awarded to the vendor who has the best price on the most items.

2) Awarding of Paper and Cleaning Supplies – SAYES OF ALEXANDRIA. Other vendors who bid include SYSCO OF East Texas and Reinhart of Shreveport, LA.

A. ZHS Ag Students (4) and Advisor to travel to Panola College, TX on February 6, 2013, for competitive vocational welding training/experience

B. Sabine Parish Gifted and Talented students (approx. 80) along with participating teachers, Jennifer Byles, Gail Funderburk, and Shirley Rivers, and approximately 20 other adults to travel to NASA Space Center in Houston, TX on March 6, 2014

· Approval of HISET Agreement, Effective November 1, 2013, By and Between Educational Testing Services (ETS) and the Sabine Parish School Board

· Approval of Work Ready U - Adult Education - WIA, Title II Budget, FY 2013-2014

Notice is Hereby Given that the Parish School Board of the Parish of Sabine, State of Louisiana (the “School Board”), Plans to Consider an Ordinance Providing for the Continued Levy of a ½% Sales and Use Tax in Sales District No. 1 (Many), Beginning January 1, 2020, at a Meeting of the School Board on Monday, January 13, 2014, at 6:30 P. M. at the Parish School Board Office, 695 Peterson Street, Many, Louisiana, All as Authorized by the Voters at an Election Held on October 19, 2013

The following resolution was offered by James R. Martin and seconded by Spencer Faust:

A resolution authorizing the advertising for bids for the purchase of Seventeen Million Two Hundred Twenty-Five Thousand Dollars ($17,225,000) of General Obligation School Bonds, Series 2014, of Many School District No. 34 of Sabine Parish, Louisiana, authorized at election held on October 19, 2013, and providing for other matters in connection therewith.

BE IT RESOLVED by the Parish School Board of the Parish of Sabine, State of Louisiana (the "Governing Authority"), acting as the governing authority of Many School District No. 34 of Sabine Parish, Louisiana (the "Issuer"):

SECTION 1. The President of the Governing Authority is hereby empowered, authorized and directed to advertise in accordance with the provisions of law for sealed paper or electronic bids via PARITY® for the purchase of Seventeen Million Two Hundred Twenty-Five Thousand Dollars ($17,225,000) of General Obligation School Bonds, Series 2014 (the "Bonds") of the Issuer authorized at an election held on October 19, 2013. The Bonds will be initially issued in the name of Cede & Co., as nominee for The Depository Trust Company ("DTC"), as registered owner of the Bonds, and held in the custody of DTC (unless the successful bidder elects at the time of the sale to require bonds in other than book-entry only form). The Issuer and the Paying Agent acknowledge that they shall execute and deliver a Letter of Representation with DTC and that the terms and provisions of said Letter of Representation shall govern in the event of any inconsistency between the provisions of this resolution and said Letter of Representation. A single Bond certificate will be issued and delivered to DTC for each maturity of the Bonds. The Beneficial Owners will not receive physical delivery of Bond certificates except as provided herein. Beneficial Owners are expected to receive a written confirmation of their purchase providing details for the Bonds acquired. For so long as DTC shall continue to serve as securities depository for the Bonds as provided herein, all transfers of beneficial ownership interest will be made by book-entry only, and no investor or other party purchasing, selling or otherwise transferring beneficial ownership of Bonds is to receive, hold or deliver any Bond certificate.

For every transfer and exchange of the Bonds, the Beneficial Owner may be charged a sum sufficient to cover such Beneficial Owner’s allocable share of any tax, fee or other governmental charge that may be imposed in relation thereto.

Bond certificates are required to be delivered to and registered in the name of the Beneficial Owner under the following circumstances:

a. DTC determines to discontinue providing its service with respect to the Bonds. Such a determination may be made at any time by giving 30 days’ notice to the Issuer and the Paying Agent and discharging its responsibilities with respect thereto under applicable law.

b. The Issuer determines that continuation of the system of book-entry transfer through DTC (or a successor securities depository) is not in the best interests of the Beneficial Owners.

The Issuer and the Paying Agent will recognize DTC or its nominee as the Bondholder for all purposes, including notices and voting.

Neither the Issuer, nor the Paying Agent are responsible for the performance by DTC of any of its obligations, including, without limitation, the payment of moneys received by DTC, the forwarding of notices received by DTC or the giving of any consent or proxy in lieu of consent.

Whenever during the term of the Bonds the beneficial ownership thereof is determined by a book entry at DTC, the requirements of this resolution of holding, delivering or transferring the Bonds shall be deemed modified to require the appropriate person to meet the requirements of DTC as to registering or transferring the book entry to produce the same effect.

If at any time DTC ceases to hold the Bonds, all references herein to DTC shall be of no further force or effect.

The Bonds will be dated the date of delivery, will be in the denomination of Five Thousand Dollars ($5,000) each, or any integral multiple thereof within a single maturity, will be payable from unlimited ad valorem taxation and will bear interest from date thereof, or the most recent interest payment date to which interest has been paid or duly provided for, at a rate or rates not exceeding six per centum (6%) per annum on any Bond in any interest payment period, said interest to be payable on March 1 and September 1 of each year, commencing September 1, 2014. The Bonds will be in fully registered form and will mature serially on March 1 of each year as follows, to-wit:

SECTION 2. Those Bonds maturing March 1, 2025, and thereafter, will be callable for redemption by the Issuer in full or in part at any time on or after March 1, 2024, 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 is of a denomination larger than $5,000, a portion of such Bond ($5,000 or any multiple thereof) may be redeemed. Bonds are not required to be redeemed in inverse order of maturity. Official notice of such call of any of the Bonds for redemption will be given by 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 registration books of the Paying Agent.

SECTION 3. The Bonds shall be sold in the manner required by law, and in accordance with the terms of this resolution, the official Notice of Bond Sale herein set forth, and the Official Statement referred to in Section 6 hereof. In advertising the Bonds for sale, the Governing Authority of the Issuer shall reserve the right to reject any and all bids received.

SECTION 4. The President is hereby further empowered, authorized and directed to issue a Notice of Bond Sale and cause the same to be published as required by law, which Notice of Bond Sale shall be in substantially the following form:

Sealed paper bids or electronic bids via PARITY® will be received by the Parish School Board of the Parish of Sabine, State of Louisiana (the "Governing Authority"), acting as the governing authority of Many School District No. 34 of Sabine Parish, Louisiana (the "Issuer"), at the Sabine Parish School Board Office, 695 Peterson Street, Many, Louisiana, for the purchase of the Issuer's Seventeen Million Two Hundred Twenty-Five Thousand Dollars ($17,225,000) principal amount of General Obligation School Bonds, Series 2014 (the "Bonds").

Date of Sale: Monday, February 10, 2014 (or such other date as may be determined by the President and advertised by Munifacts Disclosure Service).

Place of Sale: Sabine Parish School Board Office, 695 Peterson Street, Many, Louisiana.

Form and Denomination: The Bonds will be issued as fully registered bonds in book entry only form and registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC"). DTC will act as securities depository for the Bonds, and the purchasers of the Bonds will not receive certificates representing their interest in the Bonds purchased. The winning bidder (the "Purchaser") at the time of the sale, however, may elect to not receive book-entry only Bonds, in which case the Purchaser will receive one type written Bond per maturity, exchangeable in the manner provided in the Resolution.

Purpose of Bonds: Acquiring and/or improving lands for building sites and playgrounds, including construction of necessary sidewalks and streets adjacent thereto; purchasing, erecting and/or improving school buildings and other school related facilities within and for the Issuer and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public, and were authorized at a special election held on October 19, 2013.

Bonds are not "Bank-Qualified": The Bonds will not be designated as "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.

Paying Agent, Authenticating Agent and Redemption Agent: Whitney Bank, in the City of Baton Rouge, Louisiana (the "Paying Agent").

Interest Payment Dates: March 1 and September 1, commencing September 1, 2014.

Manner and Place of Payment: Principal of and premium, if any, on the Bonds will be payable in lawful money of the United States of America at the principal corporate trust office of the Paying Agent.

Maturity Schedule: Bonds will mature on March 1 of each of the following years and in the principal amounts as follows:

Redemption: The Bonds maturing March l, 2025, and thereafter, will be callable for redemption by the Issuer in full or in part at any time on or after March 1, 2024, 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. Bonds are not required to be redeemed in inverse order of maturity.

Security: The Bonds will be general obligations of the Issuer and payable from ad valorem taxes to be levied and collected in the manner proved by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974, Sub-Part A, Part III, Chapter 4, Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority.

Bond Insurance: If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor, the purchase of any such insurance policy or the issuance of any such commitment therefor shall be at the sole option and expense of such bidder and any increased costs of issuance of the Bonds resulting by reason of the same, shall be paid by such bidder. Any failure of the Bonds to be so insured or of any such policy of insurance to be issued, shall not constitute cause for a failure or refusal by the purchaser of the Bonds to accept delivery of and pay for said Bonds in accordance with the terms of the purchase contract.

Electronic Bids: Electronic bids will be received via PARITY®, in the manner described below, until 12:00 Noon, Louisiana time, on Monday, February 10, 2014.

Bids may be submitted electronically via PARITY® pursuant to this Official Notice of Bond Sale until 12:00 Noon, local Louisiana time, but no bid will be received after the time for receiving bids specified above. To the extent any instructions or directions set forth in PARITY® conflict with this Official Notice of Bond Sale, the terms of this Official Notice of Bond Sale shall control. For further information about PARITY®, potential bidders may contact PARITY® at (212) 849-5021.

Disclaimer: Each prospective electronic bidder shall be solely responsible to register to bid via PARITY® as described above. Each qualified prospective electronic bidder shall be solely responsible to make necessary arrangements to access PARITY® for the purposes of submitting its bid in a timely manner and in compliance with the requirements of the Notice of Sale. Neither the Issuer nor PARITY®, shall have any duty or obligation to provide or assure access to PARITY® to any prospective bidder, and neither the Issuer nor PARITY® shall be responsible for a bidder's failure to register to bid or for proper operation of, or have any liability for any delays or interruptions of, or any damages caused by, PARITY®. The Issuer is using PARITY® as a communication mechanism, and not as the Issuer's agent, to conduct the electronic bidding for the Bonds. No other form of electronic bid or provider of electronic bidding services will be accepted. The Issuer is not bound by any advice and determination of PARITY® to the effect that any particular bid complies with the terms of this Official Notice of Bond Sale and in particular the "Bid Requirements" hereinafter set forth. All costs and expenses incurred by prospective bidders in connection with their registration and submission of bids via PARITY® are the sole responsibility of the bidders; and the Issuer is not responsible, directly or indirectly, for any of such costs or expenses. If a prospective bidder encounters any difficulty in submitting, modifying or withdrawing a bid for the Bonds, he should telephone PARITY® at (212) 849-5021 and notify the Issuer's Bond Counsel, Foley & Judell, L.L.P. at (504) 568-1249.

Electronic Bidding Procedures: Electronic bids must be submitted for the purchase of the Bonds (all or none) via PARITY®. Bids will be communicated electronically to the Issuer at 12:00 Noon, local Louisiana time, on February 10, 2014. Prior to that time, a prospective bidder may (1) submit the proposed terms of its bid via PARITY®, (2) modify the proposed terms of its bid, in which event the proposed terms as last modified will (unless the bid is withdrawn as described herein) constitute its bid for the Bonds, or (3) withdraw its proposed bid. Once the bids are communicated electronically via PARITY® to the Issuer, each bid will constitute an irrevocable offer to purchase the Bonds on the terms therein provided. For purposes of the electronic bidding process, the time as maintained on PARITY® shall constitute the official time.

Sealed Paper Bids: Bids will also be accepted in written form on the Official Bid Form. Each sealed paper bid must be in written form on the Official Bid Form in a sealed enveloped marked "Proposal for the Purchase of $17,225,000 of General Obligation School Bonds, Series 2014, of Many School District No. 34 of Sabine Parish, Louisiana". For purposes of accepting written bids, the time as maintained on PARITY® shall constitute the official time.

Bid Requirements: Each bid, whether submitted as a sealed bid or electronically (i) shall be for the full principal amount of the Bonds, (ii) shall name the rate or rates of interest to be borne by the Bonds, (iii) shall prescribe one rate of interest, not to exceed six per centum (6%) per annum, for the Bonds of any one maturity, (iv) shall be unconditional, (v) shall be made on the form furnished by the Issuer, without alteration, omission or qualification , and (vi) shall be subject to the terms, conditions and restrictions set forth in the Official Statement.

Award of Bid: The Governing Authority will meet at the place and time hereinabove set forth for the receipt of bids. The Bonds will be awarded to the bidder whose bid offers the lowest "true interest cost" to the Issuer, to be determined by doubling the semiannual interest rate (compounded semiannually) necessary to discount the debt service payments on the Bonds from the payment dates to March 19, 2014 (estimated dated date of delivery), such that the sum of such present values is equal to the price bid, including any premium bid (the preceding calculation is sometimes referred to as the "Canadian Interest Cost Method" or "Present Value Method"). In the case of a tie bid, the winning bid will be awarded by lot. If any bid for the Bonds shall be acceptable, a prompt award of the bonds will be made.

Rejection of Bids; Waiver of Informalities: The Governing Authority reserves the right to reject any and all bids and to waive any informalities or irregularities in any bid.

Good Faith Deposit: In connection with the sale of the Bonds, a good faith deposit of 1% of the principal amount of the Bonds will be required. The manner and timing of such deposit shall be set forth in the Preliminary Official Statement for the Bonds. The good faith deposit of the successful bidder or bidders will be deposited and the proceeds credited against the purchase price of the Bonds, or in the case of neglect or refusal to comply with such bid, will be forfeited to the Issuer as and for liquidated damages. No interest will be allowed on the amount of the good faith deposit.

Delivery of the Bonds: The Bonds will be delivered to the successful bidder on or as soon as practicable after March 19, 2014, but the bid form will obligate the purchaser to accept delivery at any time within sixty (60) days of the sale date. The successful bidder shall pay in Federal Funds on the date of delivery the purchase price of the Bonds plus accrued interest, if any. The Bonds will be delivered in New Orleans, Louisiana, at the option of the successful bidder, unless another place shall be mutually agreed upon.

Legal Opinion of Bond Counsel and Closing Documents: The approving legal opinion of Foley & Judell, L.L.P., bond counsel, who have supervised the proceedings, the Bonds and the transcript of record as passed upon will be furnished without cost to the successful bidder. Said transcript will contain the usual closing proofs, including a certificate that up to the time of delivery no litigation has been filed questioning the validity of the Bonds or the taxes necessary to pay the same.

CUSIP Numbers: It is anticipated that the American Bankers' Association Committee on Uniform Security Identification Procedures (CUSIP) identification numbers will be printed on the Bonds, but the failure to print such numbers shall not constitute cause for refusal by the successful bidder to accept delivery of and to pay for the Bonds. No CUSIP identification number shall be deemed to be part of any Bond or a part of the contract evidenced thereby, and no liability shall hereafter attach to the Issuer or any of the officers or agents thereof because of or on account of such numbers. All expenses in relation to the printing of the CUSIP identification numbers on the Bonds shall be paid by the Issuer. However, the CUSIP Service Bureau charge for the assignment of such numbers shall be the responsibility of and shall be paid by the successful bidder.

Continuing Disclosure: In order to assist bidders in complying with S.E.C. Rule 15c2-12(b)(5), the Issuer will undertake, pursuant to the resolution providing for the issuance of the Bonds and a Continuing Disclosure Certificate, to provide annual reports and notices of certain events. A description of this undertaking is set forth in the Preliminary Official Statement and will also be set forth in the Final Official Statement.

Additional Information, Bid Forms, and Official Statements: Further information and particulars including the required bid form and an Official Statement relating to the Bonds will be furnished upon application to the undersigned. The Purchaser will be furnished a reasonable number of final official statements on or before the seventh business day following the sale of the Bonds.

SECTION 5. This Governing Authority will meet in open and public session at the time and place selected by the President of this Governing Authority and set out in the Official Notice of Bond Sale incorporated herein, for the purpose of receiving bids for the Bonds, considering and taking action upon the bids, and taking any other action required by this resolution, or necessary to effectuate the issuance, sale and delivery of the Bonds. If any award of the Bonds shall be made, such award shall be made for not less than par and accrued interest to the highest bidder therefor, such award and highest bidder to be determined in accordance with the aforesaid Official Notice of Bond Sale and the Official Statement.

SECTION 6. There shall be prepared an Official Bid Form for the submission of bids and an Official Statement which shall contain complete bidding details, security features and other pertinent information relative to the sale and issuance of the Bonds as may be deemed necessary, advisable or desirable, which Official Bid Form and Official Statement shall be distributed to all prospective bidders and other interested parties.

This resolution having been submitted to a vote, the vote thereon was as follows:

Member	Yea	Nay	Absent	Abstaining
Imon Jones	X
J. A. “Buddy” Veuleman	X
Spencer Faust	X
Roderick Davis	X
Randy Martin	X
Donald Garcie	X
Terrell Snelling	X
Donald H. Remedies	X
Dale Skinner	X

And the resolution was declared adopted on this, the 9^th day of December, 2013.

On motion by James R. Martin and seconded by Terrell Snelling, it was carried to approve and adopt the Following Revised Policies (Second Reading):