reglab/housing_qa huggingface dataset:
LA Rev Stat § 39:1041 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1041. Publication of resolutions; peremption

RS 1041 - Publication of resolutions; peremption All resolutions authorizing the issuance of bonds of the City and public entities shall be published one time in the official journal of the City. It shall not be necessary to publish exhibits to such resolutions if the exhibits are made available for public inspection at reasonable times and that fact is stated in the publication. For a period of thirty days after the date of publication, any person in interest may contest the legality of the resolution and of any provision thereof made for the security and payment of bonds. After that time, no one shall have any cause or right of action to test the regularity, formality, legality, or effectiveness of said resolution and provisions thereof or of the bonds authorized thereby for any cause whatsoever. If no suit, action, or proceeding is begun contesting the validity of the bond issue within the thirty days herein prescribed, the authority to issue the bonds and to provide for the payment thereof, and the legality thereof and of all of the provisions of the resolution shall be conclusively presumed, and no court shall have authority to inquire into such matters. Acts 1985, No. 674, §11, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1042 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1042. Negotiable instruments

RS 1042 - Negotiable instruments Bonds issued under the authority of this Part shall have all the qualities of negotiable paper and shall constitute negotiable instruments under the negotiable instruments law of the state. They shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers or registered owners for value. Acts 1985, No. 674, §12, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1043 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1043. Exemption from taxation; eligibility for investment

RS 1043 - Exemption from taxation; eligibility for investment Bonds issued under the authority of this Part shall be exempt from all taxation for state, parish, municipal, or other purposes. The bonds shall be legal and authorized investments for banks, savings banks, insurance companies, homestead and building and loan associations, tutors of minors, curators of interdicts, trustees, and other fiduciaries. The bonds may be used for deposit with any officer, board, municipality, or other political subdivision of the state, in any case where, by present or future laws deposit or security is required. Acts 1985, No. 674, §13, eff. July 16, 1985. {{NOTE: SEE ACTS 1985, NO. 674, §§14 - 17.}}
LA Rev Stat § 39:1101 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1101. Subdivisions; grant of power

RS 1101 - Subdivisions; grant of power Parishes and municipal corporations, the city of New Orleans and parish of Orleans excepted, hereinafter referred to as political subdivisions of the state, may fund into bonds the avails or residue of their general alimony tax in the form and manner and subject to the limitations and restrictions contained in this Chapter.
LA Rev Stat § 39:1102 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1102. Governing authorities

RS 1102 - Governing authorities The governing authority of subdivisions enumerated in this Chapter shall be: for parishes, the police jury of the parish or its equivalent; for cities, towns and villages, the municipal boards thereof.
LA Rev Stat § 39:1103 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1103. Parish purposes

RS 1103 - Parish purposes After making provisions for the payment of all statutory and ordinary charges, the governing authority of any parish may fund into bonds of the parish the avails or residue of its general alimony tax for purposes of acquiring, constructing, and maintaining highways or buildings for the public use of the parish, and no other purpose. Amended by Acts 1968, No. 99, §1; Acts 1975, No. 163, §1.
LA Rev Stat § 39:1104 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1104. Municipal purposes

RS 1104 - Municipal purposes The governing authority of any municipal corporation, including any city, town, or village, after making provisions for the payment of all statutory and ordinary charges, may fund into bonds of the municipal corporation the avails or residue of its general alimony tax for purposes of paving, improving, and maintaining streets or alleys, and for all municipal improvements, namely, constructing bridges; purchasing or constructing waterworks, sewers, drains, lighting and power plants, artificial ice and refrigerating plants; public parks; school houses; teachers' homes, and improvements, but for no other purpose. Amended by Acts 1975, No. 163, §1.
LA Rev Stat § 39:1105 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1105. Resolution and notice of intention

RS 1105 - Resolution and notice of intention No bonds shall be issued hereunder until the notice hereafter provided has been given. The notice shall be ordered by resolution, which shall state the purpose for which the bonds are to be issued, the amount of the bond issue proposed and the rate of interest. The notice shall embrace, substantially, all matters required to be set forth in the resolution ordering the giving of the notice, and it shall set forth further that the authority ordering the giving of the notice will, in open session, at the hour and place named, proceed to issue the bonds. The notice shall be published in a newspaper published in the political subdivision, or if there is no newspaper published therein, in a newspaper published in the parish; or if there is no newspaper published in the parish, then by publication in a newspaper published in an adjoining parish and by posting in three public places in the political subdivision ordering the giving of the notice. The three publications in a newspaper once a week shall constitute a publication of fifteen days, provided fifteen days intervene between the date of the first publication and the date of the issuance of the bonds.
LA Rev Stat § 39:1106 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1106. Sworn statement of charges and revenues

RS 1106 - Sworn statement of charges and revenues The governing authority of the political subdivision shall meet in open session on the date and at the time and place designated in the notice. It shall spread upon its minutes an itemized statement of its statutory and ordinary charges for the current year, and all of its obligations, contractual or otherwise, omitting therefrom any debt secured by special taxes, and none other. The statement shall be in writing and the correctness thereof shall be sworn to by the financial officer of the political subdivision, and, after inspection and consideration, the statement shall be approved by the members of the governing authority of the political subdivision present at the meeting. The governing authority shall likewise spread upon its minutes an itemized statement of its current revenues which show the yearly amount of taxes to be realized, which statement shall be based upon the assessed valuation of the taxable property of the political subdivision, ascertained by the last assessment for parish or municipal purposes previous to issuing the bonds, and also such other available sources of revenue reasonably certain of collection legally. The statement shall also be in writing and the correctness thereof shall be sworn to by the financial officer of the political subdivision, and after inspection and consideration, shall be approved by the members of the governing authority of the political subdivision present at the meeting.
LA Rev Stat § 39:1107 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1107. Taxes required for expenses, charges and other obligations

RS 1107 - Taxes required for expenses, charges and other obligations The governing authority shall thereupon determine the number of mills and fractions thereof, which will be required to provide for the payment of all statutory and ordinary charges and all other obligations, contractual or otherwise of the subdivisions, omitting therefrom any debt secured by special taxes, and none other. This computation shall be based upon the assessed valuation of the taxable property of the political subdivision and it shall be ascertained by reference to the last assessment for parish or municipal purposes previous to issuing the bonds.
LA Rev Stat § 39:1108 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1108. Remainder available to fund into bonds

RS 1108 - Remainder available to fund into bonds The number of mills and fractions ascertained in the manner herein provided shall be deducted from the general alimony tax now or hereafter authorized to be levied by the political subdivision by the constitution of this state, and the remainder shall be available to be funded into bonds.
LA Rev Stat § 39:1109 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1109. Issuing bonds; resolution

RS 1109 - Issuing bonds; resolution After the avails or residue of the general alimony tax of the political subdivisions have been determined as herein provided, the governing authority of the subdivision shall, by resolution, irrevocably pledge and dedicate such residue, reduce to mills or fractions, to the payment of the principal and interest of the bonds authorized and issued.
LA Rev Stat § 39:1110 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1110. Pledge and dedication of tax irrepealable and irrevocable

RS 1110 - Pledge and dedication of tax irrepealable and irrevocable The pledge and dedication of the tax shall be irrepealable and irrevocable by any authority whatsoever until the bonds have been paid in principal and interest.
LA Rev Stat § 39:1111 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1111. Promulgation of resolution; registry and registration

RS 1111 - Promulgation of resolution; registry and registration A certified copy of the resolution issuing the bonds and pledging and dedicating the avails and residue of the general alimony tax, shall be registered with the secretary of state and recorded in the mortgage records of the parish. The resolution shall also be published in one issue of a newspaper published in the political subdivision, or if there is no newspaper published therein, in a newspaper published in the parish; or, if there is no newspaper published in the parish, then by publication in a newspaper published in an adjoining parish and by posting in three public places in the political subdivision issuing the bonds.
LA Rev Stat § 39:1112 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1112. Maximum duration; interest

RS 1112 - Maximum duration; interest No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.
LA Rev Stat § 39:1113 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1113. Form of bond; signing

RS 1113 - Form of bond; signing The governing authority issuing the bonds shall, by resolution, fix the form and terms of the bonds and the rate of interest, payable annually or semi-annually, within the maximum rate prescribed hereby. The bonds shall be payable in such medium and at such place or places within or without the state as may be fixed by resolution. All bonds shall be signed by the president or chief executive officer, and the secretary or clerk of the subdivision or governing authority, under the seal of the subdivision and the coupons shall be signed by the facsimile signatures of the officers. The delivery of any bonds or coupons so executed at any time thereafter shall be valid, although before date of delivery the person signing the bonds or coupons shall cease to hold office.
LA Rev Stat § 39:1114 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1114. Resolution prescribing terms; maturity

RS 1114 - Resolution prescribing terms; maturity The governing authority issuing the bonds shall, by resolution, fix the time within the maximum period prescribed, when the bonds shall become payable. The bonds shall be payable in annual installments and the amount payable in each year shall be so fixed that, when the annual interest is added to the principal amount to be paid, the total amount payable in each year shall be as nearly equal as practicable. It shall be an immaterial variance if the difference between the largest and smallest amounts of principal and interest, payable annually during the term of the bonds, does not exceed five per cent of the total authorized issue.
LA Rev Stat § 39:1115 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1115. Registration as to principal only

RS 1115 - Registration as to principal only Bonds issued may be either registered or coupon bonds. Coupon bonds may be registered as to principal in the holder's name on the books of the financial officer of the subdivision after the registration has been noted upon the bonds by the financial officer, no transfer shall be valid unless made on the financial officer's books by the registered holder, and similarly noted on the books. Bonds registered as to principal may be discharged from registration by being transferred to the bearer, after which they shall be transferable by delivery, but may be again registered as to principal as before. The registration of the bonds as to principal shall not restrain the negotiability of the coupons by delivery.
LA Rev Stat § 39:1116 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1116. Registration as to interest

RS 1116 - Registration as to interest Coupon bonds issued by any municipal corporation having a population of twenty thousand inhabitants, according to the last federal census, may also be registered as to interest, and the bonds surrendered and interest made payable only to the registered holder of the bonds. For that purpose the financial officer of the parish or municipal corporation shall detach and cancel the coupon and shall endorse a statement on the bonds that the coupon sheet issued therewith has been surrendered by the holder and the coupons cancelled by him; that annual or semi-annual interest shall thereafter be paid to the registered holder, or order by draft, check, or warrant drawn payable at the place of payment specified in the bond. Bonds registered under this Section may, with the consent of the municipal corporation or parish and the holders of the bonds, be reverted into coupon bonds at the expense of the holders, and again converted into registered bonds from time to time as the governing authority of the municipal corporation or parish and the holders of the bonds may determine. The parishes and municipal corporations are authorized to pass all resolutions and ordinances necessary to give effect to these provisions.
LA Rev Stat § 39:1117 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1117. Recital of regularity

RS 1117 - Recital of regularity Before bonds of any subdivision are issued, the governing authority shall investigate and determine the regularity of the proceedings. The resolution authorizing the bonds may direct that they contain the following recital: "It is certified that this bond is authorized by and is issued in conformity with the requirements of the constitution and statutes of this state." The recital shall be deemed to be an authorized declaration of the governing authority of the subdivision and to import that there is constitutional and statutory authority for issuing the bonds; that all the proceedings therefor are regular, that all acts, conditions and things required to exist, happen and be performed precedent to and in the issuance of the bonds have existed, have happened and have been performed in due time, form and manner as required by law; that the amount of the bonds, together with all other indebtedness, does not exceed any limit or limits prescribed by the constitution and statutes of this state; that the required notice has been duly and regularly given by publication or posting in the manner required by law; and that the sworn itemized statements of revenues and all statutory and ordinary charges and other obligations have been duly and regularly made. If any bonds are issued containing the above recital, construed according to the import hereby declared, it shall be conclusively presumed that the recital is true and neither the subdivision nor any taxpayer thereof shall be permitted to question the validity or regularity of the obligation in any court or in action or proceeding.
LA Rev Stat § 39:1118 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1118. Registration by Secretary of State

RS 1118 - Registration by Secretary of State  After the time within which the validity of the bonds may be contested has elapsed, that is, sixty days from the date of promulgation of the resolution issuing the bonds and pledging and dedicating the avails or residue of the general alimony tax, bonds issued by any subdivision hereunder shall be registered by the Secretary of State without charge and shall have endorsed thereon the words:  "Incontestable. Secured by tax of _____ mills on the dollar of valuation of all the taxable property in the _________________ of ___________________ Louisiana. Registered this _____ day of _____________, 20____.  ___________________________  Secretary of State."
LA Rev Stat § 39:1119 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1119. Setting aside of taxes

RS 1119 - Setting aside of taxes The governing authority of any political subdivision issuing bonds hereunder, shall set aside in a separate fund each year during the life of the bonds and until such bonds shall have been paid in full in principal and interest, the proceeds from the collection of the tax pledged and dedicated to the payment of the principal and interest of the bonds authorized and issued. Should any subdivision neglect or fail, for any reason, to thus set aside the proceeds from the collection of the tax, any person in interest may enforce the setting aside thereof in any court having jurisdiction of the subject matter, and any suit, action or proceeding brought by such person in interest, shall be a preferred cause and shall be heard and disposed of without delay.
LA Rev Stat § 39:1120 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1120. Sale

RS 1120 - Sale All bonds issued hereunder shall be advertised for sale on sealed bids, which advertisement shall be published at least once a week for three weeks, the first publication to be made at last fifteen days preceding the date fixed for the reception of bids. Publication shall be made in the official journal of the parish or of the municipal corporation. The governing authority may reject any and all bids. If the bonds are not sold pursuant to the advertisement, they may be sold by the governing authority by private sale within sixty days after the date advertised for the reception of sealed bids at a price not less than the highest bid received at the public offering. If not so sold, the bonds shall be re-advertised in the manner herein prescribed. Amended by Acts 1968, No. 68, §1.
LA Rev Stat § 39:1121 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1121. No sale less than par; application of premium

RS 1121 - No sale less than par; application of premium No bonds shall be sold for less than their par value and accrued interest, but the bidder for the bonds in his bid may stipulate that the proceeds of the bonds shall be deposited in some designated bank to act as fiscal agent of the subdivision, at a rate of interest to be specified in the bid. The depository so designated must be a bank located in the State of Louisiana, which shall give security to the amount and in the manner required of fiscal agents and depositories of parishes, municipalities and public boards under the laws of Louisiana. If any premium is received, it shall be applied in the payment of the principal or interest of the bonds.
LA Rev Stat § 39:1122 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1122. Saving clause; pending proceedings

RS 1122 - Saving clause; pending proceedings Nothing contained in this Chapter shall affect any proceeding heretofore begun by the governing authority of any subdivision to issue bonds under the authority of the constitution of 1913, or of this constitution and any statute heretofore in force in this state. The proceedings may be completed under this Chapter so far as it can be made applicable thereto.
LA Rev Stat § 39:1123 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1123. Exemption from taxation

RS 1123 - Exemption from taxation All bonds issued under the provisions of this Chapter shall be exempt from taxation.
LA Rev Stat § 39:1124 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1124. No other statute applicable

RS 1124 - No other statute applicable This Chapter shall, without reference to any act of the legislature of Louisiana, be full authority for the issuance and sale of the bonds in this Chapter authorized. No ordinance, resolution or proceeding in respect to the issuance of any bonds hereunder shall be necessary, except such as required by this Chapter. No promulgation or publication of any resolution, ordinance or proceeding relating to the issuance of these bonds shall be necessary, except such as is required by this Chapter. Any publication prescribed hereby may be made in any newspaper conforming to the terms of this Chapter without regard to designation thereof as the official journal of the subdivision.
LA Rev Stat § 39:1125 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1125. Bonds negotiable

RS 1125 - Bonds negotiable Bonds issued hereunder shall have all the qualities of negotiable paper and shall not be invalid for any irregularity or defect in the proceedings for the issuance and sale thereof and shall be incontestable in the hands of bona fide purchasers or holders for value.
LA Rev Stat § 39:1126 (2021)
2021 Louisiana Laws|Revised Statutes|Title 39 - Public Finance|§1126. Contesting; time limited

RS 1126 - Contesting; time limited For a period of sixty days from the date of the promulgation of the resolution issuing the bonds and pledging and dedicating the tax therefor, any person in interest may contest the legality of the bond issue provided for or the tax pledged and dedicated, for any cause; after which time no one shall have any cause or right of action to contest the legality, formality or regularity of the proceedings, tax provision or bond authorization, for any cause whatsoever. If the validity of any proceedings, tax provision or bond authorization, provided for under the provisions of this Chapter, are not raised within the sixty days, the authority to issue the bonds, the regularity thereof, and the taxes pledged and dedicated to provide for the payment of the principal and interest, shall be conclusively presumed and no court may inquire into such matters. If any resolution is adopted or proceedings had more than thirty days after the promulgation of the ordinance issuing the bonds and pledging and dedicating the tax, no contest, action or proceeding to question the validity or legality of the resolution or proceeding so adopted, shall be begun in any court by any person for any cause whatsoever after the expiration of thirty days from the date wherein the resolution was adopted or proceedings had.