DATE, TIME, PLACE OF MEETING

The Calcasieu Parish School Board met in the Conference Room of the Calcasieu Parish School Board, located at 1732 Kirkman Street, Lake Charles, Louisiana, 70601, on Tuesday, April 21, 2009, at 4:45 p.m. The meeting was called to order by Elray Victorian, President. The prayer was led by R.L. Webb. The Pledge of Allegiance was led by Brooke Patin, a senior at Vinton High School. Due to a loss of his voice, Mr. Victorian asked that Mr. Andrepont chair the meeting.

ROLL CALL

The roll was called and the following members were present: Joe Andrepont, Annette Ballard, Billy Breaux, Randy Burleigh, Mack Dellafosse, Clara Duhon, Chad Guidry, Bill Jongbloed, James Karr, Jimmy Pitre, Elray Victorian, and R.L. Webb.

Bryan LaRocque and Dale Bernard arrived after the roll call. Fred Hardy was absent.

MINUTES APPROVED

On a motion by Mr. Karr, seconded by Mrs. Duhon and unanimously carried, the Minutes of the regular meeting of March 10, 2009 were approved.

SUPPLEMENTAL AGENDA

On a motion by Mr. Webb and seconded by Mr. Burleigh, the Supplemental Agenda was included as part of the Regular Agenda by unanimous vote.

PRESENTATIONS

AED Presentation

Ron Hayes, Risk Manager, addressed the Board regarding more AED donations from the following:

The Stream Family

The Kiwanis Club

Representing the Kiwanis Club were Steve Ek, Phillip DeVilbiss, and Eva Abate.

AdvancEd, Quality Assurance Review Report

Mary Beth Huber, Elementary Curriculum Specialist, reported that

our district was recognized as a newly accredited school district. We were given a plaque and flag. She presented these to the Board and made comments about our district’s QAR (Quality Assurance Review) report.

Michael, Sawyer, Director, Calcasieu Parish Public Library

Mr. Sawyer gave printed information to the Board on the available library programs and services. He requested their support regarding the upcoming tax renewal for the library, 

PERSONNEL PACKET/EXECUTIVE SESSION

There was no Executive Session.

PERSONNEL PACKET/TAKE APPROPRIATE ACTION

Superintendent Savoy asked for a motion supporting the recommendations, as listed in the personnel packet. On a motion by Mr. Webb and seconded by Mr. Karr, the motion carried.

COMMITTEE REPORTS

Administration and Personnel Committee, March 17, 2009, Clara Duhon, Chair

Mrs. Duhon gave the following report from the meeting of March 17, 2009:

The Calcasieu Parish School Board Administration and Personnel
Committee met Tuesday, March 17, 2009 at 4:45 P.M. in the Board room at 1732 Kirkman Street, Lake Charles, Louisiana.  A quorum was present. Mr. Karr said the prayer and Mr. Hardy led the Pledge of Allegiance.

Present:  Clara Duhon, Chair, Committee members Randy Burleigh, Mack Dellafosse, James Karr, Chad Guidry, Jimmy Pitre, Bill Jongbloed and Gary Anderson, Secretary.  Other Board members present were Annette Ballard, Fred Hardy and R L Webb.  

Mrs. Duhon called the meeting to order. Mr. Anderson presented the first agenda item, On/Go Live, Inc which is an automated traffic violation management system to use “Live Video” to issue civil citations to violators.  He requested permission to address the Police Jury with a recommendation of installing cameras on stop arms of buses.  It would be a joint effort between ON/ GO, the Sheriff’s office and the School Board.

Sheriff Tony Mancuso spoke on behalf of the program.  After a brief history, he stated that he supports putting cameras on the stop arms of buses.  He would use the current patrol officer to administer the program.  The main objective is to get people to stop passing school buses that are stopped to pick up or disperse students.   

Mr. Bob Leonard was introduced as the Chairman of On/Go.  He explained how the program works.  Seven cameras would be installed on the bus.  There will be live persons (VidCops) watching the monitor at all times with a ratio of 9 buses to 1 person.  When the VidCop sees a violator, he tags and records the video.   The tagged video is sent to the supervisor who uses the license plate number to look up the vehicle’s owner’s information.  The evidence file is sent to the police department and a citation is issued.  The sheriff’s office would collect the fines using a Lock Box.  The school board and the sheriff’s department would split 25% with 75% going back to On/Go. This program would not cost the school district and maintenance and insurance would be the responsibility of On/Go.

Mr. John Mamourlides was introduced as the Advisor for On/Go.  He told of other features that could be implemented such as GPS vehicle tracking, silent alarm, two way emergency communication, live camera transmission inside the bus, recording archive and reports for management.

Mr. Andy Ardoin spoke supporting the program.  He stated that violators have grown tremendously and the school board has tried numerous ideas without success.  The sheriff’s office and the school board would be responsible for informing the public about the new program. 

A motion was made by Bill Jongbloed, seconded by Chad Guidry and approved to approach the police jury to change the ordinance to implement this program of using cameras on school bus arms to issue citations to violators.

On behalf of the committee, Mrs. Duhon made a motion to approve. A second was not needed and on a vote, the motion carried.

Next, Mr. Anderson presented a number of policies with changes that were the result of legislative action.  Policy  BBBC, Board Member Continuing Education    (page 2),  BH, School Board Ethics (page 3),   EBC Buildings and Grounds Security (page 7 ),  EDC                Student Transportation and Safety Program (page 9), EFA, Acceptable Use Policy for Internet and District Network Resources (page 10), FDC, Naming of Facilities (page 15),   IDDF, Education of Students with Exceptionalities (page 16), IDDFA, Technology Assistive Devices for Disabled Students (page 22), JBA, Compulsory School Attendance Ages (page 23), JBCD, Student Transfer and Withdrawal  (page 25), JCDB, Student Dress Code  (page 27), and JGCB, Immunizations (page 30).                                 

A motion was made by Mr. Dellafosse, seconded by Mr. Jongbloed and approved to accept the policies as stated. 

On behalf of the committee, Mrs. Duhon made a motion to approve. A second was not needed and on a vote, the motion carried. These policies are available for viewing at 1724 Kirkman Street, as included in the formal Minutes.

Mr. Anderson presented the next agenda item regarding the first offense on the penalty phase of the cell phone policy.  He said that a verbal survey was taken at the principal’s meeting in January.  Staff’s recommendation for the cell phone penalty phase 1^st Offense be changed from a one day suspension and confiscation of the phone to a one day In School Suspension and confiscation of the phone.  They did not want to change any other portion of the cell phone policy.

A motion was made by Mr. Dellafosse, seconded by Mr. Jongbloed and approved to change the first offense on the penalty phase from a one day suspension and confiscation of the phone to a one day In School Suspension and confiscation of the phone.  Mr. Burleigh voted against the motion.

                                                                                                                                                FILE:  JCDAE

                                                                                                                                                Cf:  JD

Electronic Telecommunication Devices

On behalf of the committee, Mrs. Duhon made a motion to approve. A second was not needed and on a vote, the motion carried. Voting against the motion were Randy Burleigh, Joe Andrepont, and Bryan LaRocque.

Next, Sub Bus Driver Hiring Procedures were discussed per a request by Mr. Breaux.  Mr. Anderson said that this procedure may need to be referred back to staff for clarification.  Ms. Andrea Logray spoke on behalf of sub bus drivers.  She suggested that sub bus drivers active and inactive status be changed to let the more experienced sub bus drivers have a chance at permanent positions.  Kathy Landry, President of the Bus Drivers Association, expressed her concern and answered questions from the board.  

Mr. Karr made a motion, seconded by Mr. Burleigh and approved to send the procedure back to staff to look at options on making changes concerning sub bus drivers active and inactive status. 

The current procedure states:

FILE:  GBDA-AP

Cf:  GBD

CALCASIEU PARISH SCHOOLS

ADMINISTRATIVE PROCEDURES                                DATE ISSUED: 4-3-07

SUBJECT:  BUS DRIVER HIRING PROCEDURES

ADMINISTRATIVE PROCEDURE BUS DRIVER HIRING PROCEDURES

The following procedures will be used whenever a new/vacant route becomes available within Calcasieu Parish.

1.                    The Supervisor of Transportation will notify the Personnel Department whenever a bus route is established or becomes available.
 

2.                    An announcement of the new/vacant route will be posted in the Department of Transportation and the Department of Personnel as well as sent to all schools.
 

3.                    Bus Drivers interested in being considered for the new/vacant route will have fourteen working days from the date of the announcement to submit in writing to the Personnel Department their intent to be considered for the new/vacant route.
 

4.                    The new/vacant route will be offered to the tenured bus operator who has acquired the greatest seniority and has expressed written interest in the new/vacant route. In the event that two or more tenured bus drivers have the same seniority status, then the tenured bus driver living closest to the new/vacant route will be offered the new/vacant route.
 

5.                    The new/vacant route may be offered to a probationary driver when no tenured bus driver chooses the new/vacant route.
 

6.                    The selection of a probationary driver will be the same process used for selecting a tenured driver.
 

7.                    The existing bus will remain with the route when a vacancy occurs.

If there are no tenured or probationary drivers that have submitted a letter of intent to be considered for a new/vacant route, then the following procedure will be used.

1.                    The route will be offered to the most senior active substitute with an acceptable driving record within the ward of the advertised route.
 

2.                    If there are no active substitutes with the ward where the route is being advertised, the route will be offered to the most senior active substitute in the parish.
 

3.                    If there are no active drivers in the parish that are interested in the position, then we would go back to the original ward where the route was advertised and offer the position to the most senior driver in that ward who meets the ward average for days driven.

Beginning with the 2006-2007 school year, the distance for a route from a driver’s home shall be limited as no more than 15 miles from the first stop point of a route.  In the event that the distance is more than 15 miles, the new driver shall travel at his/her own expense to a designated parking area for the bus.

On behalf of the committee, Mrs. Duhon made a motion to approve the recommendation to send the procedure back to staff. A second was not needed and on a vote, the motion carried.

Curriculum and Instruction Committee, March 24, 2009, Bill Jongbloed, Chair

Mr. Jongbloed gave the following report from the meeting of March 24, 2009:

Committee Members Present:  Bill Jongbloed, Chair, Annette Ballard, Randy Burleigh, Fred Hardy, James Karr

Other Board Members Present:  Joe Andrepont, Dale Bernard, Clara Duhon, Elray Victorian

R. L. Webb 

AGENDA

1.                    LANGUAGE ARTS TEXTBOOK ADOPTION

2.                    TUTORING IN CORE SUBJECTS

3.                    TRAINING IN DYSLEXIA

4.                    REPORT ON GRADUATION COACHES

The C&I Committee Meeting was called to order at 4:45 p.m. by Mr. Jongbloed, Chairman.  ­­­­­­­­­­­­­­­Mr. Karr opened with prayer followed by the Pledge of Allegiance led by Ms. Ballard.

A quorum was present.

1.                    LANGUAGE ARTS TEXTBOOK ADOPTION

The following recommendations were submitted for Language Arts Textbook Adoption:

Elementary:             The Grammar and Writing Book, Student Edition Grades 1-5

                                The Grammar and Writing Practice Book, Student Edition Grades 1-5

                                Phonics/Word Study and Spelling Practice Book, Grades 1-5

Middle:   Holt McDougal

High:                       Grammar and Writing Workshop Transparencies

                                Grammar Workshops in Each Literature Unit

                                Daily Language Focus Transparencies

                                Glencoe Handbook

Glencoe’s Writer’s Choice textbooks from the last grammar and composition

                adoption, which are in excellent condition

                                Writer’s Choice ancillaries

A motion was made by Mr. Andrepont, seconded by Ms. Ballard, and the motion carried.

On behalf of the committee, Mr. Jongbloed made a motion to approve. A second was not needed and on a vote, the motion carried.

2.                    TUTORING IN CORE SUBJECTS

Elementary:  Debora Garrick – LEAP High Stakes Remediation Program

The purpose of the LEAP High Stakes Remediation Program is to provide the required supplemental remedial instruction to fourth grade students who fail to meet the minimum achievement level (Basic/Approaching Basic) on the English/Language Arts (ELA) and/or Mathematics components necessary to be promoted to the fifth grade.  Each eligible student must receive a minimum of 40 hours of LEAP Remediation as required by the Louisiana State Department of Education. All 36 elementary schools in our district, with the exception of  T. S. Cooley  Magnet School, are providing remediation either during or after school to 775 eligible students.  Ninety-five percent of elementary LEAP tutors are certified teachers with 5% being highly-qualified para-professionals.

The funding is allocated on a per student basis and is provided through the LEAP High Stakes Remediation Grant which is submitted yearly by CPSB Grant Department to the Louisiana State Department.  For the 2007-2008 School Year, Calcasieu Parish was awarded $652,115.00 in grant funding to be divided between elementary, middle, and high school departments to supplement LEAP School Year Remediation and LEAP Summer School Remediation Programs.

Mrs. Duhon asked for a report, broken down by school, when summer school is over.

Elementary: Mae Belle Smith – Voyager Passport Program

The Voyager Passport Reading Program is funded through the K-3 Initiative Grant.  All elementary schools have an opportunity to submit an application for an after-school instructional program for low performing second grade students who score below the 40^th percentile on the ITBS in the areas of reading and/or math.  This program meets the criteria for Response to Intervention.  Tutors provide explicit instruction for the five critical components of reading through 30 to 40 minute daily lessons that strategically integrate the critical skills most needed by struggling readers to read and comprehend grade-level text.  The goal in second grade is for all students to have established reading skills of 90 words per minute on the RCT (Reading Connected Test) by the end of the second grade.

Although the program’s main emphasis is reading, an option was added to implement the Scholastic FASTT Math Program.  The program uses adaptive technology to offer each student a customized learning experience based on their individual need.  Students log in at least three times a week for a ten minute interactive session.

Ticket to Read, an online reading program where students work independently on leveled fluency and reading skills, helps students become active readers and is designed for grades K-6.

Middle: Carolyn Hannum – LEAP 21 Tutoring Program

Students scoring Unsatisfactory or Approaching Basic on the seventh grade iLEAP are eligible to participate in the LEAP 21 Tutoring Program. The program was originally scheduled during the school day, usually during enrichment and PE, but as it became harder to get dedicated tutors during the school day, many schools moved to an after-school program.

The program has been very successful with the number of eighth graders who were unsuccessful dropping from 14-15% in 2007 to 9% in 2008.  In addition to LEAP 21 Tutoring, some low-performing schools have other intervention programs during the day.

Concern was expressed that all tutors are not qualified and certified.

Mr. Victorian requested a breakdown of the 9% to see how many attended LEAP remediation and how many of those went to the after-school program.

Middle:  Beatrice Hopkins – Read 180

There are 15 Read 180 Labs and 2 Voyager Labs.  All middle schools have some sort of high interest remediation during the day for at-risk students reading below grade level.

Administrators from two schools shared what their schools are doing for remediation.

Jena Granger, Moss Bluff Middle

Out of 307 eighth graders, 103 qualified for some form of LEAP remediation.  LEAP remediation is offered during the day as well as after school for those with transportation. 

Several teacher volunteers gave up one of their 50 minute planning periods beginning in October and ending the week prior to testing for remediation.  Two teachers—one for ELA and one for math—stay after school to tutor students.  Two reading teachers volunteered to work with seventh grade students whose score on the January Scantron test correlated to Unsatisfactory or Approaching Basic in reading by pulling them out of enrichment and PE.  Also in seventh grade, students in social studies and math who scored in the high range of Basic and are a high performing student in the classroom receive remediation to help them achieve the Advanced or Mastery range.  Counselors addressed each seventh grade classroom individually to let students know the importance of doing their best on iLEAP.  For sixth grade students, a resource teacher tutors resource students Monday through Friday from 7:30 a.m. until the first bell rings. A math teacher tutors any sixth grade math student on Tuesday and Thursday from 7:30 a.m. until the first bell rings.

Mike Mire, Oak Park Middle

Oak Park Middle is using funds from Title I.  There are 50 students in the after-school program and 100-120 students tutored during the school day.  On Tuesdays and Thursdays, a senior education major from McNeese tutors three classes of 12 and one class of 14.  Oak Park Middle has two Read 180 Labs.   Students who are very near a good Basic score when taking their iLEAP in fifth for sixth grade and sixth for seventh grade are identified for tutoring during the school day.

This item was for information only.

3.                             TRAINING IN DYSLEXIA

Johnnie Sue Moore, Elementary Dyslexia 504 Program, addressed three objectives:  Definition of dyslexia, The Louisiana Law for the Education of Dyslexic Students, and what Calcasieu Parish is doing to implement the law.                 

Dyslexia is a language processing disorder which may be manifested by difficulty processing expressive or receptive, oral language despite adequate intelligence, educational exposure, and cultural opportunity.  Specific manifestations may occur in one or more areas, including difficulty with the alphabet, writing, spelling and reading comprehension.

The Louisiana Law for the Education of Dyslexic Students, [T.D. 27.7 (11)] states that children must be screened for characteristics of dyslexia and that programming must be provided for these children.  [R.S. 17:392.1] states that screeners must be provided 18 hours of training.  Counselors in schools provide screening to K-12 students.  Screeners work with several instruments.  Students who qualify

for this service have adequate intelligence but demonstrate difficulties in areas which are unexpected in relation to age, previous instruction and other cognitive and academic abilities.  The student needs extensive remediation/assistance in order to maintain grades; however, deficits were evident prior to remediation.

The six characteristics of dyslexia are:

1.                    Lack of or limited phonological awareness

2.                    Common error patterns in reading and learning behaviors

3.                    Language (oral or written, receptive or expressive) is simplistic and poor in relation to other abilities

4.                    Errors in spontaneous spelling

5.                    Spontaneous written language is very simple or poor in comparison to spoken language

6.                    Spontaneous written language shows poor organization and mechanics

If the most common characteristic among dyslexic students is their significant phonological weakness then the state requires 150 minutes per week of a multisensory structured language program.  Calcasieu Parish Schools chose Project Read for this multisensory program in elementary and middle schools. 

Phonology is addressed in grades K-3.  The funding is provided by the K-3 Initiative Grant.  Grades 4 and up use three strands—comprehension, written expression, and linguistics.  The program is monitored in several ways. 

In middle school, there is on-going Project Read training on a yearly basis for projected teachers of dyslexic students.  After LEAP testing, a training session will address the implementation of helpful elements of Project Read.

Language is the high school multisensory program chosen.  There are eight high schools using this program.

                                There is a wealth of resource materials available.

This item was for information only.

3.                    REPORT ON GRADUATION COACHES

Pat Deaville, Director of High School Curriculum, stated that Graduation Coaches are part of High School Redesign Initiatives of which Calcasieu Parish is a state leader.  These initiatives include Graduation Coaches, Credit Recovery, Freshman Academy, Eight Major High School Redesign Grant Awards, National Model School—LaGrange Senior High, and Innovative High School Redesign—Lake Charles Boston Academy of Learning.

A Graduation Coach is a person who works with a targeted group of at-risk children to help them become high school graduates.  Their role is to identify high school students with a high probability of not graduating, to develop relationships with the target students and parents, to track target students, to connect target students to people/resources that can help them, to assist teachers of target students by motivating students to stay on task in their classes, and to assist counselors, students, and

parents in the development and implementation of five year plans.  Graduation Coaches work full time with only targeted at-risk students.  At present, there are four Graduation Coaches—James Kelly, Barbe High; Anya Miller, LaGrange Senior High; Jackie Shelton, Washington/Marion Magnet High; and Nick Limberis, Sulphur High.  At present, this is a state mandated but locally funded program.  The 2007 Graduation Rate for Calcasieu Parish is 80.6 up from 73.9 in 2006.  Calcasieu

Parish’s graduation rate is seventh highest of all 69 school districts and highest of 13 largest school districts in Louisiana. The state average is 65.9.  

This item was for information only.

TAKE APPROPRIATE ACTION

A. Resolution Regarding Economic Recovery Package

On a motion to approve by Mr. Burleigh and seconded by Mrs. Duhon, the motion carried.

RESOLUTION

WHEREAS, the economic downturn is having a critical impact on everyday Americans who are struggling to maintain or find jobs in an increasingly difficult environment; and

WHEREAS, those same Americans are the taxpayers that provide the revenue needed to operate essential government services; and

WHEREAS, Congress and President Obama are planning a taxpayer-sponsored economic recovery package that will provide billions of dollars to help economically devastated cities and states immediately provide jobs to millions of out-of-work Americans through considerable infrastructure rebuilding, green energy projects and other projects that will require manufactured components; and

WHEREAS, our taxpayer dollars should be spent to maximize the creation of American jobs and to restore the economic vitality of our communities; and

WHEREAS, any domestically produced products that are purchased with economic recovery plan monies will immediately help struggling American families and will help stabilize our greater economy; and

WHEREAS, any economic recovery plan spending should - to every extent possible - include a commitment from the Calcasieu Parish School Board to buy materials, goods and services for projects that are produced by companies within the United States, thus employing the very workers that pay the taxes for the economic recovery plan spending in the first place.

NOW, THEREFORE,

BE IT RESOLVED BY THE SCHOOL BOARD OF CALCASIEU PARISH, LOUISIANA, in Regular Session convened on the 21^st day of April, 2009, that it will work to maximize the creation of American jobs and to restore economic growth and opportunity by spending economic recovery plan funds on products and services that both create jobs and help keep Americans employed.

BE IT FINALLY RESOLVED that the School Board commits to purchasing only products and services that are made or performed in the United States of America whenever and wherever possible with any economic recovery monies provided to the Calcasieu Parish School Board by the American taxpayers; and

THUS PASSED AND ADOPTED by a unanimous vote of the Calcasieu Parish School Board on this, the 21^st day of April, 2009.

* * * * * * * * * * * *

B. Resolution Regarding Refunding Bonds of School District #33

On a motion to approve by Mr. Burleigh and seconded by Mr. Jongbloed, the motion carried.

Lake Charles, Louisiana

April 21, 2009

The Calcasieu Parish School Board, State of Louisiana, met in regular public session at its regular meeting place in the Calcasieu Parish School Board Office, Lake Charles, Louisiana, at 4:45 o’clock p.m. on April 21, 2009, pursuant to written notice given to each and every member thereof and duly posted in the manner required by law.

President, Elray Victorian, called the meeting to order and on roll call, the following members were present:

Joe A. Andrepont, Annette Ballard, Dale B. Bernard, Billy Breaux, Randall Burleigh, Mack Dellafosse, Clara Duhon, Chad Guidry, Bill Jongbloed, James W. Karr, Sr., Bryan LaRocque, James W. Pitre, Elray Victorian and R. L. Webb

ABSENT: Fredman Hardy

Wayne R. Savoy, Board Secretary, also attended.  The meeting was called to order and the roll called with the above results.

Thereupon, the following resolution was then introduced, and pursuant to motion made by Mr. Burleigh and seconded by Mr. Jongbloed, was adopted by the following vote:

YEAS:      Mr. Andrepont, Mrs. Ballard, Mr. Bernard, Mr. Breaux, Mr. Burleigh, Mr. Dellafosse, Mrs. Duhon, Mr. Guidry, Mr. Jongbloed, Mr. Karr, Mr. LaRocque, Mr. Pitre, and Mr. Webb

NAYS:     None

ABSENT: Mr. Hardy

NOT VOTING:        President Victorian

BOND RESOLUTION

A resolution providing for issuance, sale and delivery of  not exceeding $9,000,000 General Obligation Refunding Bonds of School District No. 33 of Calcasieu Parish, Louisiana, 2009 Series; prescribing the form, fixing the details and providing for the  rights of the owners thereof; providing for payment of the principal of and interest on such bonds and the application of the proceeds thereof to the refunding of certain public school improvement bonds of said District; and providing for other matters in connection therewith.

WHEREAS, School District No. 33 of Calcasieu Parish, Louisiana (the “District”)  held an election on May 4, 2002 within said District, wherein the following proposition was proposed to and approved by the electorate of the District, to-wit:

BOND PROPOSITION

SUMMARY:  AUTHORITY FOR SCHOOL DISTRICT NO. 33 OF CALCASIEU PARISH, LOUISIANA, TO ISSUE NOT EXCEEDING $29,600,000 OF UP TO 20-YEAR PUBLIC SCHOOL IMPROVEMENT BONDS FOR ACQUIRING AND/OR IMPROVING SCHOOL BUILDINGS AND OTHER SCHOOL RELATED FACILITIES WITHIN THE DISTRICT, SAID BONDS TO BE PAYABLE FROM AD VALOREM TAXES.

Shall School District No. 33 of Calcasieu Parish, Louisiana, incur debt and issue bonds in an amount not exceeding $29,600,000 for a period not to exceed twenty (20) years from the date thereof, with interest at a rate not exceeding nine (9%) percent per annum, for the purpose of acquiring and/or improving lands for building sites and playgrounds, purchasing, erecting, enlarging and/or improving school buildings and other school related facilities within and for said School District, and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public, which said bonds shall be retired with, paid from and secured by ad valorem taxes on all taxable property within the limits of School District No. 33 of Calcasieu Parish, Louisiana, sufficient in rate and amount to pay said bonds in principal and interest?

WHEREAS, the District has heretofore issued $10,000,000 of its General Obligation Public School Improvement Bonds, 2004 Series, dated January 15, 2004 on original issue, of which $8,330,000 is currently outstanding (the “Outstanding Bonds”) which Outstanding Bonds are payable from a pledge and dedication

that portion of the net avails or proceeds of ad valorem taxes levied on all properties subject to taxation within the District, all in accordance with Article VI, Section 33 and Article VII, Section 26(E) of the Constitution of the State of Louisiana, and those portions of Part II of Article VII of the Constitution of 1974 of the State of Louisiana not repealed by the 1977 Louisiana Legislature, and Subpart A of Part III of Chapter 4 of Sub-Title II of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and all other laws on the same subject matter; and

WHEREAS, the Calcasieu Parish School Board, State of Louisiana, governing authority of the District has found and determined that currently refunding the Outstanding Bonds, consisting of those bonds which mature on January 15, 2010 to January 15, 2024, inclusive (the “Refunded Bonds”), would be advantageous to the District;

WHEREAS, the Calcasieu Parish School Board has adopted a preliminary resolution on March 10, 2009, expressing its intention to issue general obligation refunding bonds of the District in an amount not to exceed $9,000,000 pursuant to the Act;

WHEREAS, the State Bond Commission will, on April 16, 2009, adopt a resolution granting authority for issuance of the Bonds in the principal amount not exceeding $9,000,000;

WHEREAS, pursuant to Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, it is now the desire of the District to adopt this Bond Resolution in order to provide for issuance by the District of not exceeding $8,550,000 principal amount of its General Obligation Refunding Bonds, 2009 Series (the “Bonds”), for the purpose of currently refunding the Refunded Bonds, to fix the details of the Bonds and to sell the Bonds to the purchasers thereof;

WHEREAS, in connection with refunding of the Refunded Bonds, the District has found and determined that it would be of substantial benefit to purchase a municipal bond insurance policy as more fully provided for herein, and to authorize acquisition thereof;

WHEREAS, it is further necessary to provide for application of the proceeds of the Bonds and to provide for other matters in connection with payment or redemption of the Refunded Bonds;

WHEREAS, in connection with issuance of the Bonds, it is necessary that provision be made for payment of the principal, interest and redemption premium, if any, of the Refunded Bonds described in Exhibit A hereto, and to provide for the call for redemption of the Refunded Bonds, pursuant to a Notice of Call for Redemption;

WHEREAS, the District desires to sell the Bonds to the purchasers thereof and to fix the details of the Bonds and the terms of the sale of the Bonds in accordance with the Bond Purchase Agreement attached hereto as Exhibit B;

NOW, THEREFORE, BE IT RESOLVED by the Calcasieu Parish School Board, State of Louisiana, acting as the governing authority of the District, that:

ARTICLE I

DEFINITIONS AND INTERPRETATION

SECTION 1.1. Definitions. The following terms shall have the following meanings in this resolution unless the context otherwise requires:

                                “Act” shall mean Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other applicable constitutional and statutory authority.

                                “Bond” or “Bonds” shall mean any or all of the General Obligation  Refunding Bonds, 2009 Series of the District, issued pursuant to this Bond Resolution, as the same may be amended from time to time, whether initially delivered or issued in exchange for, upon transfer of, or in lieu of any previously issued Bond.  The Bonds shall be secured by and payable from ad valorem taxes levied upon taxable properties within the District, and insured by a Financial Guaranty Insurance Policy.

                                “Bondholder,” “Registered Owner,” or “Owner” shall mean the Person reflected as registered owner of any of the Bonds on the registration books maintained by the Paying Agent.  Notwithstanding any provision of this Bond Resolution to the contrary, the Insurer shall, at all times, be deemed an owner of all the Bonds for the purposes of consenting to any resolution supplementing or amending this Bond Resolution, and shall be notified in advance of the adoption of any resolution supplemental or amendatory hereto whether or not the consent of the Owners is required.

                                “Bond Counsel” shall mean an attorney or firm of attorneys whose experience in matters relating to the issuance of obligations by states and their political subdivisions is nationally recognized.

“Bond Obligation” shall mean, as of the date of computation, the principal amount of the Bonds then Outstanding.

                                “Bond Resolution” shall mean the resolution authorizing issuance of the Bonds, as further amended and supplemented as herein provided.

                                “Bond Year” shall mean the one-year period ending on the principal payment date on the Bonds (January 15).

                                “Business Day” shall mean a day of the year other than a day on which banks located in New York, New York and the cities in which the principal offices of the Paying Agent are located are required or authorized to remain closed and on which the New York Stock Exchange is closed.

                                “Code” shall mean the Internal Revenue Code of 1986, as amended.

                                “Costs of Issuance” shall mean all items of expense, directly or indirectly payable or reimbursable and related to the authorization, sale and issuance of the Bonds, including but not limited to printing costs, costs of preparation and reproduction of documents, filing and recording fees, initial fees and charges of any fiduciary, legal fees and charges, fees and charges for the preparation and distribution of a preliminary official statement and official statement, if paid by the District, fees and disbursements of consultants and professionals, costs of credit ratings, fees and charges for preparation, execution, transportation and safekeeping of the Bonds, costs and expenses of refunding, premiums for the insurance policy securing payment of the Bonds, if any, and any other cost, charge or fee paid or payable by the District in connection with the original issuance of Bonds.

“Debt Service” for any period shall mean, as of the date of calculation, an amount equal to the sum of (i) interest payable during such period on Bonds and (ii) the principal amount of Bonds which mature during such period.

                                “Defeasance Obligations” shall mean (a) cash or (b) non callable Government Securities.

                                “District” shall mean School District No. 33 of Calcasieu Parish, State of Louisiana.

                                “Executive Officers” shall mean the President, the Secretary, and the Chief Financial Officer of the Calcasieu Parish School Board.

                                “Financial Guaranty Insurance Policy” shall mean the municipal bond new issue insurance policy issued by the Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

                                “Fiscal Year” shall mean the one-year period commencing on July 1 of each year, or such other one-year period as may be designated by the Governing Authority as the fiscal year of the District.

                                “Governing Authority” shall mean the School Board of Calcasieu Parish, State of Louisiana, or its successor in function.

                                “Government Securities” shall mean direct general obligations of, or obligations the timely payment of principal of and interest on which are fully and unconditionally guaranteed by, the United States of America, which may be United States Treasury Obligations such as the State and Local Government Series and may be in book-entry form.

                                “Insurer” shall mean, with respect to the Bonds, Assured Guaranty Corp., or its successor and assigns.

                                “Interest Payment Date” shall mean January 15 and July 15 of each year, commencing January 15, 2010.

                                “Outstanding,” when used with reference to the Bonds, shall mean as of any date, all Bonds theretofore issued under the Bond Resolution, except:

1.             Bonds theretofore cancelled by the Paying Agent or delivered to the Paying Agent for cancellation;

2.             Bonds for the payment or redemption of which sufficient Defeasance Obligations have been deposited with the Paying Agent or an escrow agent in trust for the owners of such Bonds with the effect specified in Section 11.1 of this Bond Resolution, provided that if such Bonds are to be redeemed, irrevocable notice of such redemption has been duly given or provided for pursuant to the Bond Resolution, to the satisfaction of the Paying Agent, or waived;

3.             Bonds in exchange for or in lieu of which other Bonds have been registered and delivered pursuant to the Bond Resolution; and

4.             Bonds alleged to have been mutilated, destroyed, lost, or stolen which have been paid as provided in the Bond Resolution or by law.

                                “Paying Agent” shall mean Argent Trust, a Division of National Independent Trust Company, in the city of Ruston, Louisiana, as paying agent and registrar hereunder, until a successor Paying Agent shall have become such pursuant to the applicable provisions of the Bond Resolution, and thereafter “Paying Agent” shall mean such successor Paying Agent.

                                “Person” shall mean any individual, corporation, partnership, joint venture, association joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

                                “Pledged Tax Revenues” shall mean the net avails or proceeds of the unlimited ad valorem tax levied against all assessable properties within the District, as approved by the electorate of the District in an election previously held therein.

                                “Qualified Investments” shall mean (i) cash, (ii) Government Securities, and (iii) time certificates of deposit of state banks organized under the laws of the State and national banks having their principal office in the State which are fully collateralized by government securities as provided by Louisiana law, or any other investment security which may be permitted by Louisiana law and approved in writing by the Insurer with notice to Standard & Poor’s Corporation.

                                “Record Date” shall mean, with respect to an Interest Payment Date, the close of business on the fifteenth calendar day of the month next preceding an Interest Payment Date, whether or not such day is a Business Day.

                                “Refunded Bonds” shall mean those bonds of the District’s outstanding General Obligation Public School Improvement Bonds, 2004 Series, dated January 15, 2004 on original issue, maturing January 15, 2010 to January 15, 2024, inclusive, which are being refunded by the Bonds, as more fully described in Exhibit A hereto.

                                “State” shall mean the State of Louisiana.

                                “Underwriter” shall mean Stephens Inc., Baton Rouge, Louisiana.

                                SECTION 1.2. Interpretation.  In this Bond Resolution, unless the context otherwise requires, (a) words importing the singular include the plural and vice versa, (b) words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders and (c) the title of the offices used in this Bond Resolution shall be deemed to include any other title by which such office shall be known under any subsequently adopted charter.

ARTICLE II

AUTHORIZATION AND ISSUANCE OF BONDS

SECTION 2.1.  Authorization of Bonds.  This Bond Resolution creates an issue of Bonds  to be designated “General Obligation Refunding Bonds, 2009 Series, of School District No. 33 of Calcasieu Parish, Louisiana” and provides for the full and final payment of the principal or redemption price of, and interest on all the Bonds.

(b) The Bonds issued under this Bond Resolution shall be issued for the purpose of currently refunding the Refunded Bonds on the date of delivery of the Bonds.

(c) Provision having been made for the redemption of all the Refunded Bonds, in accordance with their terms, it is hereby recognized and acknowledged that as of the date of delivery of the Bonds under this Bond Resolution, provision will have been made for the performance of all covenants and agreements of the District incidental to the Refunded Bonds, and accordingly, and in compliance with all that is herein provided, the District is expected to have no future obligation with reference to the aforesaid Refunded Bonds.

(d) The District does hereby find that since substantial benefits will accrue from the insurance of the Bonds, the Bonds are being insured by the Insurer and an appropriate legend shall be printed on the Bonds as evidence of such insurance.  The cost of the Financial Guaranty Insurance Policy shall be paid by the District from proceeds of the Bonds.

SECTION 2.2. Bond Resolution to Constitute Contract. In consideration of the purchase and acceptance of the Bonds by those who shall own the same from time to time, the provisions of this Bond Resolution shall be a part of the contract of the District with the Owners of the Bonds and shall be deemed to be and shall constitute a contract between the District and the Owners from time to time of the Bonds.  The provisions, covenants and agreements herein set forth to be performed by or on behalf of the District shall be for the equal benefit, protection and security of the Owners of any and all of the Bonds, each of which Bonds, regardless of the time or times of its issue or maturity, shall be of equal rank without preference, priority or distinction over any other thereof except as expressly provided in this Bond Resolution.

SECTION 2.3. Obligation of Bonds.  The Bonds shall be secured by and payable in principal, premium, if any, and interest solely from an irrevocable pledge and dedication of the Pledged Tax Revenues.  The Pledged Tax Revenues are hereby irrevocably and irrepealably pledged and dedicated in an amount sufficient for payment of the Bonds in principal, premium, if any, and interest as they shall become due and payable, and for other purposes hereinafter set forth in this Bond Resolution.  All of the Pledged Tax Revenues shall be set aside in a separate fund as hereinafter provided, and shall be and remain pledged for the security and prompt payment of the Bonds, in principal, premium, if any, and interest and for all other payments provided for in this Bond Resolution until such Bonds shall have been fully paid and discharged.

SECTION 2.4.  Authorization and Designation.  Pursuant to the provisions of the Act, there is hereby authorized issuance of not exceeding $8,550,000 principal amount of Bonds to be designated “General Obligation Refunding Bonds of School District No. 33 of Calcasieu Parish, Louisiana, 2009 Series,” for the purpose of currently refunding the Refunded Bonds.  The Bonds shall be in substantially the form set forth in Exhibit C hereto, with such necessary or appropriate variations, omissions and insertions as are required or permitted by the Act and this Bond Resolution.

SECTION 2.5.  Denominations, Dates, Maturities and Interest.  The Bonds are issuable as fully registered bonds without coupons in the denominations of $5,000 principal amount or any integral multiple thereof within a single maturity, and shall be numbered R-l upwards.

The Bonds shall be dated June 1, 2009, shall bear interest payable on January 15 and July 15 of each year, commencing January 15, 2010, at the rates per annum and annual principal maturities set forth in the final Official Statement to be approved by the Chief Financial Officer, and shall mature on January 15 in the years 2010 through and including 2024, in the aggregate principal amount not to exceed $9,000,000.

The principal and premium, if any, of the Bonds are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts at the principal corporate trust office of the Paying Agent, upon presentation and surrender thereof.  Interest on the Bonds is payable by check mailed on or before the Interest Payment Date by the Paying Agent to the Owner (determined as of the Record Date) at the address of such Owner as it appears on the registration books of the Paying Agent maintained for such purpose.  Except as otherwise provided in this Section, Bonds shall bear interest from date thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, provided, however, that if and to the extent that the District shall default in payment of interest on any Bonds due on any Interest Payment Date, then all such Bonds shall bear interest at their stated rate from the most recent Interest Payment Date to which interest has been paid on the Bonds, or if

no interest has been paid on the Bonds, from their dated date.  The person in whose name any Bond is registered at the close of business on the Record Date with respect to an Interest Payment Date shall in all cases be entitled to receive the interest payable on such Interest Payment Date (unless such Bond has been called for redemption on a redemption date which is prior to such Interest Payment Date) not withstanding cancellation of such Bond upon any registration of transfer or exchange thereof subsequent to such Record Date and prior to such Interest Payment Date.

SECTION 2.6.  The Chief Financial Officer of the Calcasieu Parish School Board is hereby given permission to negotiate the sale the Bonds at interest rates and terms most advantageous to the District.

SECTION 2.7.  The Chief Financial Officer is hereby authorized and empowered to effect and implement any necessary amendments and changes to the Official Statement necessary in order to market the Bonds, which amendments and changes may be requested or required by the rating agencies, the municipal bond insurer, if any, the underwriter, bond counsel, or the municipal bond market generally, and to execute a Bond Purchase Agreement with Stephens Inc. under such terms and conditions as are most favorable to the District.

SECTION 2.8.  There is hereby delegated to the Chief Financial Officer authority to designate the form of the Preliminary Official Statement, with such revisions, additions and appendices thereto as he may deem necessary, in his discretion, as the “near final official statement” within the meaning of the Rule.  Such form, when so approved by the Chief Financial Officer, is hereby authorized to be distributed to prospective purchasers of the Bonds.

ARTICLE III

GENERAL TERMS AND PROVISIONS OF THE BONDS

SECTION 3.1. Exchange of Bonds; Persons Treated as Owners.  The District shall cause books for the registration and for the registration of transfer of the Bonds as provided in this Bond Resolution to be kept by the Paying Agent at its principal corporate trust office, and the Paying Agent is hereby constituted and appointed the registrar for the Bonds.  At reasonable times and under reasonable regulations established by the Paying Agent said list may be inspected and copied by the District, the Insurer or by the Owners (or a designated representative thereof) of 15% of the outstanding principal amount of the Bonds.  Upon the occurrence and continuance of an Event of Default, as defined in Section 9.1, which would require the Insurer to make payments under the Financial Guaranty Insurance Policy, the Insurer and its designated agent shall be provided with access to inspect and copy the registration books of the District for the Bonds.

Upon surrender for registration of transfer of any Bond, the Paying Agent shall register and deliver in the name of the transferee or transferees one or more new fully registered Bonds of authorized denomination of the same maturity and like aggregate principal amount. At the option of the Owner, Bonds may be exchanged for other Bonds of authorized denominations of the same maturity and like aggregate principal amount, upon surrender of the Bonds to be exchanged at the principal corporate trust office of the Paying Agent.  Whenever any Bonds are so surrendered for exchange, the Paying Agent shall register and deliver in exchange therefor the Bond or Bonds which the Bondholder making the exchange shall be entitled to receive.  All Bonds presented for registration of transfer or exchange shall be accompanied by a written instrument or instruments of transfer in form and with a guaranty of signature satisfactory to the Paying Agent, duly executed by the Owner or his attorney duly authorized in writing.

No service charge to the Owners shall be made by the Paying Agent for any exchange or registration of transfer of Bonds.  The Paying Agent may require payment by the person requesting an exchange or registration of transfer of Bonds of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The District and the Paying Agent shall not be required (a) to issue, register the transfer of or exchange any Bond during a period beginning at the opening of business on the 15^th calendar day of the month next preceding an Interest Payment Date, or any date of selection of Bonds to be redeemed and ending at the close of business on the Interest Payment Date or day on which the applicable notice of redemption is given or (b) to register the transfer of or exchange any Bond so selected for redemption in whole or in part.

All Bonds delivered upon any registration of transfer or exchange of Bonds shall be valid obligations of the District, evidencing the same debt and entitled to the same benefits under this Bond Resolution as the Bonds surrendered. Prior to due presentment for registration of transfer of any Bond, the District, the Insurer and the Paying Agent, and any agent of the District, the Insurer or the Paying Agent may deem and treat the person in whose name any Bond is registered as the absolute owner thereof for all purposes, whether or not such Bond shall be overdue, and shall not be bound by any notice to the contrary.

ARTICLE III

GENERAL TERMS AND PROVISIONS OF THE BONDS

SECTION 3.1. Exchange of Bonds; Persons Treated as Owners.  The District shall cause books for the registration and for the registration of transfer of the Bonds as provided in this Bond Resolution to be kept by the Paying Agent at its principal corporate trust office, and the Paying Agent is hereby constituted and appointed the registrar for the Bonds.  At reasonable times and under reasonable regulations established by the Paying Agent said list may be inspected and copied by the District, the Insurer or by the Owners (or a designated representative thereof) of 15% of the outstanding principal amount of the Bonds.  Upon the occurrence and continuance of an Event of Default, as defined in Section 9.1, which would require the Insurer to make payments under the Financial Guaranty Insurance Policy, the Insurer and its designated agent shall be provided with access to inspect and copy the registration books of the District for the Bonds.

Upon surrender for registration of transfer of any Bond, the Paying Agent shall register and deliver in the name of the transferee or transferees one or more new fully registered Bonds of authorized denomination of the same maturity and like aggregate principal amount. At the option of the Owner, Bonds may be exchanged for other Bonds of authorized denominations of the same maturity and like aggregate principal amount, upon surrender of the Bonds to be exchanged at the principal corporate trust office of the Paying Agent.  Whenever any Bonds are so surrendered for exchange, the Paying Agent shall register and deliver in exchange therefor the Bond or Bonds which the Bondholder making the exchange shall be entitled to receive.  All Bonds presented for registration of transfer or exchange shall be accompanied by a written instrument or instruments of transfer in form and with a guaranty of signature satisfactory to the Paying Agent, duly executed by the Owner or his attorney duly authorized in writing.

No service charge to the Owners shall be made by the Paying Agent for any exchange or registration of transfer of Bonds.  The Paying Agent may require payment by the person requesting an exchange or registration of transfer of Bonds of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The District and the Paying Agent shall not be required (a) to issue, register the transfer of or exchange any Bond during a period beginning at the opening of business on the 15^th calendar day of the month next preceding an Interest Payment Date, or any date of selection of Bonds to be redeemed and ending at the close of business on the Interest Payment Date or day on which the applicable notice of redemption is given or (b) to register the transfer of or exchange any Bond so selected for redemption in whole or in part.

All Bonds delivered upon any registration of transfer or exchange of Bonds shall be valid obligations of the District, evidencing the same debt and entitled to the same benefits under this Bond Resolution as the Bonds surrendered. Prior to due presentment for registration of transfer of any Bond, the District, the Insurer and the Paying Agent, and any agent of the District, the Insurer or the Paying Agent may deem and treat the person in whose name any Bond is registered as the absolute owner thereof for all purposes, whether or not such Bond shall be overdue, and shall not be bound by any notice to the contrary.

SECTION 3.2.  Bonds Mutilated, Destroyed, Stolen or Lost.  In case any Bond shall become mutilated or be improperly canceled, or be destroyed, stolen or lost, the Governing Authority may in its discretion adopt a resolution and thereby authorize issuance and delivery of a new Bond in exchange for and substitution for such mutilated or improperly canceled Bond, or in lieu of and substitution for the Bond destroyed, stolen or lost, upon the Owner (i) furnishing the District, the Insurer and the Paying Agent proof of his ownership thereof and proof of such mutilation, improper cancellation, destruction, theft or loss satisfactory to the District, the Insurer and the Paying Agent, (ii) giving to the District, the Insurer and the Paying Agent an indemnity bond in favor of the District, the Insurer and the Paying Agent in such amount as the District and the Insurer may reasonably require, (iii) compliance with such other reasonable regulations and conditions as the District and the Insurer may prescribe and (iv) paying such expenses as the District, the Insurer and the Paying Agent may incur.  All Bonds so surrendered shall be delivered to the Paying Agent for cancellation pursuant to Section 3.4 hereof.  If any Bond shall have matured or be about to mature, instead of issuing a substitute Bond, the District may pay the same, upon being indemnified as aforesaid, and if such Bond be lost, stolen or destroyed, without surrender thereof any such duplicate Bond issued pursuant to this Section shall constitute an original, additional, contractual obligation on the part of the District, whether or not the lost, stolen or destroyed Bond be at any time found by anyone.  Such duplicate Bond shall be in all respects identical with those replaced except that it shall bear on its face the following additional clause:  “This Bond is issued to replace a lost, canceled or destroyed Bond under the authority of La. R.S. 39:971 through 39:974.”

Such duplicate Bond may be signed by the facsimile signatures of the same officers who signed the original Bonds, provided, however, that in the event the officers who executed the original Bonds are no longer in office, then the new Bonds may be signed by the officers then in office.  Such duplicate Bonds shall be entitled to equal and proportionate benefits and rights as to lien and source and security for payment as provided herein with respect to all other Bonds hereunder, the obligation of the District upon the duplicate Bonds being identical to their obligations upon the original Bonds and the rights of the Owner of the duplicate

Bonds being the same as those conferred by the original Bonds.

SECTION 3.3.  Preparation of Definitive Bonds, Temporary Bonds.  Until the definitive Bonds are prepared, the District may execute, in the same manner as is provided in Section 3.5, and deliver, in lieu of definitive Bonds, but subject to the same provisions, limitations and conditions as the definitive Bonds except as to the denominations, one or more temporary typewritten Bonds substantially of the tenor of the definitive Bonds in lieu of which such temporary Bond or Bonds are issued, in authorized denominations, and with such omissions, insertions and variations as may be appropriate to temporary Bonds.

SECTION 3.4.  Cancellation of Bonds.  All Bonds paid or redeemed either at or before maturity, together with all Bonds purchased by the District, shall thereupon be promptly cancelled by the Paying Agent.  The Paying Agent shall thereupon promptly furnish to the Executive Officers an appropriate certificate of cancellation.

SECTION 3.5.  Execution.  The Bonds shall be executed in the name and on behalf of the District by the manual or facsimile signatures of the President and Secretary of the Calcasieu Parish School Board, and the corporate seal of the Calcasieu Parish School Board (or a facsimile thereof) shall be thereunto affixed, imprinted, engraved or otherwise reproduced thereon.  In case any one or more of the officers who shall have signed or sealed any of the Bonds shall cease to be such officer before the Bonds so signed and sealed shall have been actually delivered, such Bonds may, nevertheless, be delivered as herein provided, and may be issued as if the person who signed or sealed such Bonds had not ceased to hold such office.  Said officers shall, by the execution of the Bonds, adopt as and for their own proper signatures their respective facsimile signatures appearing on the Bonds or any legal opinion certificate thereon, and the District may adopt and use for that purpose the facsimile signature of any person or persons who shall have been such officer at any time on or after the date of such Bond, notwithstanding that at the date of such Bond such person may not have held such office or that at the time when such Bond shall be delivered such person may have ceased to hold such office.

SECTION 3.6.  Registration by Paying Agent and Secretary of State.  (a) No Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Bond Resolution unless and until a certificate of registration on such Bond substantially in the form set forth in Exhibit C hereto shall have been duly executed on behalf of the Paying Agent by a duly authorized signatory, and such executed certificate of the Paying Agent upon any such Bond shall be conclusive evidence that such Bond has been executed, registered and delivered under this Bond Resolution.

(b)  The Bonds shall also be registered with the Secretary of State of Louisiana (which registration shall be by manual signature on the Bonds issued upon original issuance of the Bonds and by facsimile signature on Bonds exchanged therefor) and shall have endorsed thereon the following:

“OFFICE OF SECRETARY OF STATE

STATE OF LOUISIANA

BATON ROUGE, LOUISIANA

This Bond secured by a tax.  Registered on the ___ day of June, 2009.

_________________________________

                                                                  Secretary of State”

SECTION 3.7.  Regularity of Proceedings.  The District, having investigated the regularity of the proceedings had in connection with issuance of the Bonds, and having determined the same to be regular, each of the Bonds shall contain the following recital, to-wit:

“It is certified that this Bond is authorized by and is issued in conformity with the requirements of the Constitution and statutes of the State of Louisiana.”

ARTICLE IV

PAYMENT OF BONDS; DISPOSITION OF FUNDS

SECTION 4.1.  Deposit of Funds With Paying Agent.  The District covenants that it will deposit or cause to be deposited with the Paying Agent from the moneys derived from collection of the Pledged Tax Revenues or other funds available for such purpose, at least one (1) Business Day in advance of the date on which payment of principal, premium, if any, and/or interest falls due on the Bonds, funds fully sufficient to pay promptly the principal, premium, if any, and interest so falling due on such date.

SECTION 4.2.  District Obligated to Collect Tax.  In compliance with the laws of the State, the District, through the Governing Authority, by proper resolutions and/or ordinances is obligated to cause the ad valorem taxes to continue to be assessed, levied and collected for the full period of their authorization or until all of the Bonds have been retired as to both principal and interest, or provision therefor has been made in accordance with the provisions of Section 11.1 hereof, and further the District shall not discontinue or terminate or permit to be discontinued or terminated the ad valorem taxes in anticipation of the collection of which the Bonds have been issued, nor in any way make any change which would adversely effect the amount of the Pledged Tax Revenues to be received by the District until all of the Bonds have been retired as to both principal and interest, or provision therefor has been made in accordance with the provisions of Section 11.1 hereto.

SECTION 4.3.  Funds and Accounts.  In order that principal of and interest on the Bonds will be paid in accordance with their terms and for the other objects and purposes hereinafter provided, the District further covenants as follows:  All avails or proceeds of the ad valorem taxes constituting Pledged Tax Revenues shall be deposited as the same may be collected to the credit of the District, in a separate and special bank account established and maintained with the regularly designated fiscal agent of the Calcasieu Parish School Board and designated “School District No. 33  2009 General Obligation Refunding Bond Sinking Fund” (the “Sinking Fund”).  Funds on deposit in the Sinking Fund shall constitute dedicated funds of the District, from which appropriations and expenditures by the District shall be made solely for the purposes of paying the principal of, interest on, and redemption premium, if any, of the Bonds.  Said fiscal agent shall transfer from said Sinking Fund to the paying agent bank or banks for all Bonds payable from said fund, at least one (1) Business Day in advance of each Interest Payment Date, funds fully sufficient to pay promptly the principal and interest so falling due on such date.

All or any part of the moneys in the Sinking Fund shall, at the written request of the District, be invested in Qualified Investments, provided that Bond proceeds representing accrued interest, if any, shall be invested in Government Securities, maturing prior to the first interest payment date of the respective issues of bonds as herein provided.  All income derived from such investments shall be added to the applicable Sinking Fund, and such investments shall, to the extent at any time necessary, be liquidated and the proceeds thereof applied to the purposes for which the Sinking Fund is herein created.

SECTION 4.4.  Funds to Constitute Trust Funds.  The Sinking Fund provided for in Section 4.3 hereof shall all be and constitute a trust fund for the purposes provided in this Bond Resolution, and the Owners of Bonds issued pursuant to this Bond Resolution are hereby granted a lien on all such funds until applied in the manner provided herein.  The moneys in such fund shall at all times be secured to the full extent thereof by the bank or trust company holding such funds in the manner required by the laws of the State.

SECTION 4.5.  Method of Valuation and Frequency of Valuation.  In computing the amount in any fund provided for in Section 4.3, investments shall be valued at the lower of cost or market price, exclusive of accrued interest.  With respect to the Sinking Fund valuation shall occur annually.  If any investment in the Sinking Fund ceases to be a Qualified Investment, then such non-conforming investment shall be sold or liquidated (unless otherwise approved by the Insurer) and the proceeds thereof invested in Qualified Investments.

ARTICLE V

REDEMPTION OF BONDS

SECTION 5.1.  Optional Redemption.  Those Bonds maturing January 15, 2016 and thereafter, shall be callable for redemption at the option of the District prior to their stated maturities, in full at any time on or after January 15, 2015, or in part, in the inverse order of their maturities, and if less than a full maturity then by lot within such maturity, on any Interest Payment Date on or after January 15, 2015, at a redemption price of 100% of the principal amount of each Bond redeemed, together with accrued interest to the date fixed for redemption.

In the event a Bond to be redeemed is of a denomination larger than $5,000, a portion of such Bond ($5,000 or any multiple thereof) may be redeemed.  Any Bond which is to be redeemed only in part shall be surrendered at the principal corporate trust office of the Paying Agent and there shall be delivered to the Owner of such Bond, a Bond or Bonds of the same maturity and of any authorized denomination or denominations as requested by such Owner in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered.

SECTION 5.2.  Notice to Paying Agent.  In the case of any redemption of Bonds, the District shall give written notice to the Paying Agent and the Insurer of the election so to redeem and the redemption date, and of the principal amounts and numbers of the Bonds or portions of Bonds of each maturity to be redeemed.  Such notice shall be given at least forty-five (45) days prior to the redemption date.

SECTION 5.3.  Selection of Bonds to be Redeemed by Lot.  In the event of redemption of less than all the outstanding Bonds of like maturity, such Bonds shall be redeemed by lot or in such other manner as shall be deemed fair and equitable by the Paying Agent for random selection.

SECTION 5.4.  Notice of Redemption.  Notice of any such redemption shall be given by the Paying Agent by mailing a copy of the redemption notice by first class mail postage prepaid, not less than thirty (30) days prior to the date fixed for redemption, to the Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books maintained by the Paying Agent and to the Insurer.  In no event shall any notice of redemption be given to the Owners, other than with respect to the Bonds that are the subject of a refunding unless the District shall have theretofore deposited moneys available therefore with the Paying Agent in an amount which, in addition to other amounts, if any, available therefor held by the Paying Agent, will be sufficient to redeem on the redemption date, at the redemption price thereof together with accrued interest to the redemption date, all of the Bonds to be redeemed.  Failure to give such notice by mailing to any Owner or the Insurer, or any defect therein, shall not affect the validity of any proceedings for the redemption of other Bonds.

All notices of redemption shall state (i) the redemption date; (ii) the redemption price; (iii) if less than all the Bonds are to be redeemed, the identifying number (and in the case of partial redemption, the respective principal amounts) and CUSIP number of the Bonds to be redeemed; (iv) that on the redemption date the redemption price will become due and payable on each such Bond and interest thereon will cease to accrue thereon from and after said date; and (v) the place where such Bonds are to be surrendered for payment.  Any notice mailed as provided in this Section shall be conclusively presumed to have been duly given, whether or not the Owner of such Bonds receives the notice.  On or before any redemption date the Paying Agent shall segregate and hold in trust funds furnished by the District for payment of the Bonds or portions thereof called, together with accrued interest thereon and premium, if any, to the redemption date. Upon the giving of notice and deposit of funds for redemption, interest on such Bonds or portions thereof thus called shall no longer accrue after the date fixed for redemption.  If said moneys shall not be so available on the redemption date, such Bonds shall continue to bear interest until paid at the same rate as they would have borne had they not been called for redemption.  No payment shall be made by the Paying Agent upon any Bond or portion thereof called for redemption until such Bond or portion thereof shall have been delivered for payment or cancellation or the Paying Agent shall have received the items required by Section 3.2 with respect to any mutilated, lost, stolen or destroyed Bond.  Upon surrender of any Bond for redemption in part only, the Paying Agent shall register and deliver to the Owner thereof a new Bond or Bonds of authorized denominations of maturity and interest rate in an aggregate principal amount equal to the unredeemed portion of the Bond surrendered.

SECTION 5.6.  Payment of Redeemed Bonds.  Notice having been given in the manner provided in Section 5.5, the Bonds or portions thereof so called for redemption shall become due and payable on the redemption date so designated at the redemption price, plus interest accrued and unpaid to the redemption date, and, upon presentation and surrender thereof at the office specified in such notice, such Bonds or portions thereof shall be paid at the redemption price plus interest accrued and unpaid to the redemption date.

SECTION 5.7.  Purchase of Bonds.  The Paying Agent shall endeavor to apply any moneys furnished by the District for the redemption of Bonds (but not committed to the redemption of Bonds as to which notice of redemption has been given) to the purchase of appropriate outstanding Bonds.  In accordance with Section 3.4, any Bonds so purchased shall be canceled.  Subject to the above limitations, the Paying Agent, at the direction of the District, shall purchase Bonds at such times, for such prices, in such amounts and in such manner (whether after advertisement for tenders or otherwise) with monies made available by the District for such purpose, provided, however, that the Paying Agent shall not expend amounts for the purchase of Bonds of a particular maturity (excluding accrued interest, but including any brokerage or other charges) in excess of the amount that would otherwise be expended for the redemption of Bonds of such maturity, plus accrued interest, and, provided further, that the District may, in its  discretion, direct the Paying Agent to advertise for tenders for the purchase of Bonds not less than sixty (60) days prior to any date for redemption of Bonds.

ARTICLE VI

PARTICULAR COVENANTS, ADDITIONAL BONDS

SECTION 6.1. Payment of Bonds.  The District shall budget in each Fiscal Year sufficient Pledged Tax Revenues to make all payments required by Section 4.3 in such Fiscal Year, and shall also duly and punctually pay or cause to be paid as herein provided, the principal of every Bond and the interest thereon, at the dates and places and in the manner stated in the Bonds according to the true intent and meaning thereof.

SECTION 6.2.  Tax Covenants.  (A) To the extent permitted by the laws of the State, the District will comply with the requirements of the Code to establish, maintain and preserve the exclusion from “gross income” of interest on the Bonds under the Code.  The District shall not take any action or fail to take any action, nor shall they permit at any time or times any of the proceeds of the Bonds or any other funds of the District to be used directly or indirectly to acquire any securities or obligations the acquisition of which would cause any Bond to be an “arbitrage bond” as defined in the Code or would result in the inclusion of the interest on any Bond in “gross income” under the Code, including, without limitation, (i) the failure to comply with the limitation on investment of the proceeds of the Bonds, (ii) the failure to pay any required rebate of arbitrage earnings to the United States of America, or (iii) the use of proceeds of the Bonds in a manner which would cause the Bonds to be “private activity bonds” under the Code.

(B) The District shall not permit at any time or times any proceeds of the Bonds or any other funds of the District to be used, directly or indirectly, in a manner which would result in exclusion of interest on any Bond from the treatment afforded by Section 103(a) of the Code, as from time to time amended, or any successor provision thereto.

(C) For purposes of paragraphs (A) and (B) above, “interest” shall include any original issue discount properly allocable to the holder of a Bond.

(D) The District has found and determined that the Bonds herein authorized may be and are hereby designated as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Code.

SECTION 6.3.  Obligation to Collect Taxes.  The District recognizes that the Governing Authority is bound under the terms and provisions of law, to levy and impose and cause the enforcement and collection the ad valorem taxes which secure issuance of the Bonds, and to provide for the proper application thereof, until all of the Bonds have been retired as to both principal and interest.  Nothing herein contained shall be construed to prevent the Governing Authority from altering or amending from time to time as may be necessary the resolutions and/or ordinances adopted providing for the levying, imposition, enforcement and collection of the ad valorem taxes or any subsequent resolution and/or ordinance providing therefor, provided that such alterations or amendments shall not be made in any manner which would impair the rights of the Owners from time to time of the Bonds or which would in any way jeopardize the prompt payment of principal thereof and interest thereon.  The resolutions and/or ordinances imposing the ad valorem taxes and pursuant to which the ad valorem taxes are being levied, collected and allocated, and the obligation to continue to levy, collect and allocate the ad valorem taxes and to apply the Pledged Tax Revenues in accordance with the provisions of this Bond Resolution, shall be irrevocable until the Bonds have been paid in full as to both principal and interest, and shall not be subject to amendment in any manner which would impair the rights of the Owners from time to time of the Bonds or which would in any way jeopardize the prompt payment of principal thereof and interest thereon.  More specifically, neither the Legislature of Louisiana, nor the District may discontinue the ad valorem taxes or permit to be discontinued the ad valorem taxes in anticipation of the collection of which the Bonds have been issued or in any way make any change in ad valorem taxes which would diminish the amount of the Pledged Tax Revenues to be received by the District until all of the Bonds shall have been retired as to both principal and interest.

SECTION 6.4.  Indemnity Bonds.  So long as any of the Bonds are outstanding and unpaid, the District shall require all of its officers and employees who may be in a position of authority or in possession of money derived from collection of the ad valorem taxes, to obtain or be covered by a blanket fidelity or faithful performance bond, or independent fidelity bonds written by a responsible indemnity company in amounts adequate to protect the District from loss.

SECTION 6.6.  District to Maintain Books and Records.  So long as any of the Bonds are outstanding and unpaid in principal or interest, the District shall maintain and keep proper books of records and accounts separate and apart from all other records and accounts in which shall be made full and correct entries of all transactions relating to the collection and expenditure of the receipts of the ad valorem taxes, including specifically but without limitation, all reasonable and necessary costs and expenses of collection.  Not later than six (6) months after the close of each Fiscal Year, the District shall cause an audit of such books and accounts to be made by the Legislative Auditor of the State (or his successor) or by a recognized independent firm of certified public accountants showing the receipts of and disbursements made for the account of the Sinking Funds, and shall provide a copy of such audit to the Insurer immediately upon the completion thereof.  Such audit shall be available for inspection upon request by the Owners of any of the Bonds and the Insurer.  The District further agrees that the Paying Agent, the Insurer and the Owners of any of the Bonds shall have at all reasonable times the right to inspect the records, accounts and data of the District relating to the ad valorem taxes.

SECTION 6.6.  Pledged Tax Revenues Not Encumbered.  As of this date, the Pledged Tax Revenues are not pledged or encumbered in any way, except to the payment of the Refunded Bonds and other bonds previously issued by the District.

ARTICLE VII

SUPPLEMENTAL BOND RESOLUTIONS

SECTION 7.1. Supplemental Resolutions Effective Without Consent of Owners.  For any one or more of the following purposes and at any time from time to time, a resolution and/or ordinance supplemental hereto may be adopted, which, upon filing with the Paying Agent and the Insurer of a certified copy thereof, but without any consent of Owners, shall be fully effective in accordance with its terms:  (a) to add to the covenants and agreements of the District in the Bond Resolution other covenants and agreements to be observed by the District which are not contrary to or inconsistent with the Bond Resolution as theretofore in effect; (b) to add to the limitations and restriction in the Bond Resolution other limitations and restrictions to be observed by the District which are not contrary to or inconsistent with the Bond Resolution as theretofore in effect; (c) to surrender any right, power or privilege reserved to or conferred upon the District by the terms of the Bond Resolution, but only if the surrender of such right, power or privilege is not contrary to or inconsistent with the covenants and agreements of the District contained in the Bond Resolution; (d) to cure any ambiguity, supply any omission, or cure or correct any defect or inconsistent provision of the Bond Resolution; or (e) to insert such provisions clarifying matters or question arising under the Bond Resolution as are necessary or desirable and are not contrary to or inconsistent with the Bond Resolution as theretofore in effect.  Notwithstanding the foregoing, no provision of the Bond Resolution expressly recognizing or granting rights in or to the Insurer may be amended in any manner which affects the rights of the Insurer under the Bond Resolution without the prior written consent of the Insurer.

SECTION 7.2.  Supplemental Resolutions Effective With Consent of Owners.  Except as provided in Section 7.1, any modification or amendment of the Bond Resolution or of the rights and obligations of the District and of the Owners of the Bonds hereunder, in any particular, may be made by a supplemental resolution, with the written consent of the Owners of a majority of the Bond Obligation at the time such consent is given.  No such modification or amendment shall permit a change in the terms of redemption or maturity of the principal of any outstanding Bond or of any installment of interest thereon or a reduction in the principal amount or the redemption price thereof or in the rate of interest thereon without the consent of the Owner of such Bond, or shall reduce the percentages of Bonds the consent of the Owner of which is required to effect any such modification or amendment, or change the obligation of the District to levy and collect the ad valorem taxes for payment of the Bonds as provided herein, without the consent of the Owners of all of the Bonds then outstanding, or shall change or modify any of the rights or obligations of the Paying Agent without its written assent thereto.  For purposes of this Section, Bonds shall be deemed to be affected by a modification or amendment of the Bond Resolution if the same adversely affects or diminishes the rights of the Owners of said Bonds.  The consent of the Insurer shall be required (i) in addition to Bondholder consent, when required, for the adoption of any supplemental resolution, and all supplemental resolutions must be filed with the Insurer immediately upon adoption, (ii) for removal of the Paying Agent and selection and appointment of any successor paying agent; and (iii) initiation or approval of any action not described in (i) or (ii) above which requires Bondholders consent.

ARTICLE VIII

PARITY BONDS

SECTION 8.1.  Issuance of Parity Bonds.  All of the Bonds shall enjoy complete parity of lien on the Pledged Tax Revenues despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.  The District may issue other bonds or obligations payable from or enjoying a lien on the Pledged Tax Revenues on a parity with the Bonds.

The Bonds or any part thereof, including interest and redemption premiums thereon, may be refunded and the refunding bonds so issued shall enjoy complete equality of lien with the portion of the Bonds which is not refunded, if there be any, and the refunding bonds shall continue to enjoy whatever priority of lien over subsequent issues may have been enjoyed by the Bonds refunded.

ARTICLE IX

REMEDIES ON DEFAULT

SECTION 9.1.  Events of Default.  If one or more of the following events (in this Bond Resolution called Events of Default) shall happen, that is to say,

(a) if default shall be made in the due and punctual payment of the principal of any Bond when and as the same shall become due and payable, whether at maturity or otherwise (in determining whether a principal payment default has occurred, no effect shall be given to payments made under the Financial Guaranty Insurance Policy); or

(b) if default shall be made in the due and punctual payment of any installment of interest on any Bond when and as such interest installment shall become due and payable (in determining whether an interest payment default has occurred, no effect shall be given to payments made under the Municipal Issue Insurance Policy); or

(c) if default shall be made by the District in the performance or observance of any other of the covenants, agreements or conditions on its part in the Bond Resolution, any supplemental resolution or in the Bonds contained and such default shall continue for a period of forty-five (45) days after written notice thereof to the District by the Insurer or the Owners of not less than 25% of the Bond Obligation (as defined in the Bond Resolution); or

(d) if the District shall file a petition or otherwise seek relief under any Federal or State bankruptcy law or similar law;

then, upon the happening and continuance of any Event of Default, the Insurer and the Owners of the Bonds shall be entitled to exercise all rights and powers for which provision is made under Louisiana law; provided, however, that the exercise of remedies at the direction of the Owners is subject to the prior written consent of the Insurer, and the Insurer, acting alone, shall have the exclusive right to direct any action or remedy to be undertaken so long as it is not then in default of its payment obligations under the Financial Guaranty Insurance Policy.  Under no circumstances may the principal or interest of any of the Bonds be accelerated.  The District shall notify the Insurer immediately upon the occurrence of any Event of Default.  No Event of Default shall be waived without the consent of the Insurer.  All remedies shall be cumulative with respect to the Paying Agent, the Owners and the Insurer; if any remedial action is discontinued or abandoned, the Paying Agent, the Owners and the Bond Insurer shall be restored to the former positions.

SECTION 9.2.  Notice to Insurer of Events of Default.  The Paying Agent shall provide the Insurer with immediate notice of any payment default, and notice of any other default known to the Paying Agent within five Business Days of the Paying Agent’s knowledge thereof.

ARTICLE X

CONCERNING FIDUCIARIES

SECTION 10.1. Paying Agent; Appointment and Acceptance of Duties.  The District will at all times maintain a Paying Agent having the necessary qualifications for the performance of the duties described in this Bond Resolution.  The designation of Argent Trust, a Division of National Independent Trust Company, in the City of Ruston, Louisiana, as the initial Paying Agent is hereby confirmed and approved.  The Paying Agent shall signify its acceptance of the duties and obligations imposed on it by the Bond Resolution by executing and delivering an acceptance of its rights, duties and obligations as Paying Agent set forth herein in form and substance satisfactory to the District.

SECTION 10.2.  Successor Paying Agent.  Any successor Paying Agent shall (i) be a trust company or bank in good standing, located in or incorporated under the laws of the State, duly authorized to exercise trust powers, (ii) have a combined capital, surplus and undivided profits of at least $30,000,000, or assets under management of at least $25,000,000, (iii) be subject to supervision or examination by Federal or state authority, and (iv) be acceptable to the Insurer.  No resignation or removal of the Paying Agent shall become effective until a successor has been appointed and has accepted the duties of Paying Agent, and until written notice thereof shall have been given to the Insurer.  The Insurer shall have the right to remove the Paying Agent upon written notice to the District and the Paying Agent.  Any successor Paying Agent, if applicable, shall not be appointed unless the Insurer approves such successor in writing.  Notwithstanding any other provision of this Bond Resolution, in determining whether the rights of the Bondholders will be adversely affected by any action taken pursuant to the terms and provisions of this Bond Resolution, the Paying Agent shall consider the effect on the Bondholders as if there were no Municipal Bond New Issue Insurance Policy.

ARTICLE XI

MISCELLANEOUS

SECTION 11.1.  Defeasance.  (a) If the District shall pay or cause to be paid to the Owners of all Bonds then outstanding, the principal and interest to become due thereon, and any amounts which may be then payable by the District with respect to the Municipal Bond New Issue Insurance Policy to the Insurer, at the times and in the manner stipulated therein and in this Bond Resolution, then the covenants, agreements and other obligations of the District to the Bondholders and to the Insurer shall be discharged and satisfied.  In such event, the Paying Agent shall, upon the request of the District, execute and deliver to the District all such instruments as may be desirable to evidence such discharge and satisfaction and the Paying Agent shall pay over or deliver to the District any moneys, securities and funds held by it pursuant to the Bond Resolution which are not required for the payment or redemption of Bonds not theretofore surrendered for such payment or redemption.

(b) Bonds or interest installments for the payment of which sufficient Defeasance Obligations shall have been set aside and held in trust by the Paying Agent or an escrow agent (through deposit by the District of funds for such payment or redemption or otherwise) at a maturity date thereof shall be deemed to have been paid within the meaning and with the effect expressed in paragraph (a) of this Section.

Any Bond shall, prior to maturity thereof, be deemed to have been paid within the meaning and with the effect expressed in paragraph (a) of this Section if (i) there shall have been deposited with the Paying Agent or an escrow agent Defeasance Obligations, in the amounts and having such terms as are necessary to provide moneys (whether as principal or interest) in an amount sufficient to pay when due the principal thereof, together with all accrued interest and (ii) the adequacy of the Defeasance Obligations so deposited to pay when due the principal and all accrued interest shall have been verified by an independent certified public accountant.

No defeasance shall be effective unless the Insurer shall be provided with a copy of the accountant’s verification referred to in (iii) above, together with an opinion of Bond Counsel, addressed to the District, the Insurer and the Paying Agent, that the Bonds are no longer Outstanding under the Bond Resolution and the laws of the State.  In connection with the defeasance of any of the Bonds, the escrow agreement shall provide that no substitution of any Defeasance Obligation shall be permitted except with other qualifying Defeasance Obligations and with upon delivery of a new accountant’s verification and opinion of Bond Counsel.

Neither Defeasance Obligations deposited pursuant to this Section nor principal or interest payments on any such securities shall be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal or redemption price, if applicable, and interest to become due on the Bonds; provided that any cash received from such principal or interest payments on such Defeasance Obligations shall, if permitted by the Code, and to the extent practicable, be reinvested in Defeasance Obligations maturing at times and in amounts sufficient to pay when due the principal or redemption price, if applicable, and interest to become due on said Bonds on and prior to such redemption date or maturity date thereof, as the case may be.

Notwithstanding the foregoing, amounts paid by the Insurer under the Municipal Bond New Issue Insurance Policy shall not be deemed to be paid or defeased and shall continue to be due and owing until paid by the District in accordance with this Bond Resolution.  All covenants, agreements and other obligations of the District to the Bondholders shall continue to exist and shall run to the benefit of the Insurer, and the Insurer shall be subrogated to the rights of such Bondholders.

SECTION 11.2.  Evidence of Signatures of Bondholders and Ownership of Bonds. (a) Any request, consent, revocation of consent or other instrument which the Bond Resolution may require or permit to be signed and executed by the Owners may be in one or more instruments of similar tenor, and shall be signed or executed by such Owners in person or by their attorneys-in-fact appointed in writing.  Proof of (i) the execution of any such instrument, or of an instrument appointing any such attorney, or (ii) the ownership by any person of the Bonds shall be sufficient for any purpose of the Bond Resolution (except as otherwise therein expressly provided) if made in the following manner, or in any other manner satisfactory to the Paying Agent, which may nevertheless in its discretion require further or other proof in cases where it deems the same desirable:

1. The fact and date of execution by any Owner or his attorney-in-fact of such instrument may be proved by the certificate, which need not be acknowledged or verified, of an officer of a bank or trust company or of any notary public or other officer authorized to take acknowledgments of deeds, that the person signing such request or other instrument acknowledged to him the execution thereof, or by an affidavit of a witness of such execution, duly sworn to before such notary public or other officer.  Where such execution is by an officer of a corporation or association or a member of a partnership, on behalf of such corporation,

association or partnership, such certificate or affidavit shall also constitute sufficient proof of his authority;

2. The ownership of Bonds and the amount, numbers and other identification, and date of owning the same shall be proved by the registration books of the Paying Agent.

(b) Any request or consent by the Owner of any Bond shall bind all future Owners of such Bond in respect of anything done or suffered to be done by the District or the Paying Agent in accordance therewith.

SECTION 11.3.  Moneys Held for Particular Bonds.  The amounts held by the Paying Agent for the payment due on any date with respect to particular Bonds shall, on and after such date and pending such payment, be set aside on its books and held in trust by it, without liability for interest, for the Owners of the Bonds entitled thereto.

SECTION 11.4.  Parties Interested Herein.  Nothing in the Bond Resolution expressed or implied is intended or shall be construed to confer upon, or to give to, any person or corporation, other than the District, the Insurer, the Paying Agent and Owners of the Bonds any right, remedy or claim under or by reason of the Bond Resolution or any covenant, condition or stipulation thereof; and all the covenants, stipulations, promises and agreements in the Bond Resolution contained by and on behalf of the District shall be for the sole and exclusive benefit of the District, the Insurer, the Paying Agent and Owners of the Bonds.

SECTION 11.5.  No Recourse on the Bonds.  No recourse shall be had for payment of principal of or interest on the Bonds or for any claim based thereon or on this Bond Resolution against any member of the Governing Authority or officer of the District or any person executing the Bonds.

SECTION 11.6.  Successors and Assigns.  Whenever in this Bond Resolution the District are named or referred to, it shall be deemed to include their successors, and assigns and all the covenants and agreements in this Bond Resolution contained by or on behalf of the District shall bind and inure to the benefit of their successors, and assigns whether so expressed or not.

SECTION 11.7.  Subrogation.  In the event the Bonds herein authorized to be issued, or any of them, should ever be held invalid by any court of competent jurisdiction, the Owner or Owners thereof, or the Insurer, shall be subrogated to all the rights and remedies against the District had and possessed by the Owner or Owners of the Refunded Bonds.

SECTION 11.8.  Severability.  In case any one or more of the provisions of the Bond Resolution or of the Bonds issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of the Bond Resolution or of the Bonds, but the Bond Resolution and the Bonds shall be construed and enforced as if such illegal or invalid provisions had not been contained therein.  Any constitutional or statutory provision enacted after the date of the Bond Resolution which validates or makes legal any provision of the Bond Resolution or the Bonds which would not otherwise be valid or legal shall be deemed to apply to this Bond Resolution and to the Bonds.

SECTION 11.9.  Publication of Bond Resolution; Peremption.  This Bond Resolution shall be published one time in the official journal of the Governing Authority; however, it shall not be necessary to publish any exhibits hereto if the same are available for public inspection and such fact is stated in the publication.  For thirty days after the date of publication, any person in interest may contest the legality of this Bond Resolution, any provision of the Bonds, the provisions therein made for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to the authorization and issuance of the Bonds.  After the said thirty days, no person may contest the regularity, formality, legality or effectiveness of this Bond Resolution, any provisions of the Bonds to be issued pursuant hereto, the provisions for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatever.  Thereafter, it shall be conclusively presumed that the Bonds are legal and that every legal requirement for the issuance of the Bonds has been complied with.  No court shall have authority to inquire into any of these matters after the said thirty days.

SECTION 11.10.  Execution of Documents.  In connection with issuance and sale of the Bonds, the Executive Officers are each authorized, empowered and directed to execute on behalf of the District such documents, certificates and instruments as they may deem necessary, upon the advice of Bond Counsel, to effect the transactions contemplated by this Bond Resolution, the signatures of the Executive Officers on such documents, certificates and instruments to be conclusive evidence of the due exercise of the authority granted hereunder.

SECTION 11.11.  Recordation.  A certified copy of this Bond Resolution shall be filed and recorded as soon as possible in the Mortgage Records of the Parish of Calcasieu, State of Louisiana.

ARTICLE XII

SALE OF BONDS

SECTION 12.1.  Sale of Bonds.  The Bonds are hereby awarded to and sold to the Underwriters at a price and under terms and conditions to be established in the Supplemental Bond Resolution, and pursuant to a Bond Purchase Agreement in form substantially as attached hereto as Exhibit B, and after their execution, registration by the Secretary of State and authentication by the Paying Agent, the Bonds shall be delivered to the Underwriters or their agents or assigns, upon receipt by the District of the agreed purchase price.  The Executive Officers are hereby authorized, empowered and directed to deliver or cause to be executed and delivered all documents required to be executed on behalf of the District or deemed by them necessary or advisable to implement this Bond Resolution or to facilitate the sale of the Bonds.

SECTION 12.2.  Official Statement.  The District hereby approves the form and content of the Preliminary Official Statement pertaining to the Bonds, as submitted to the District, and hereby ratifies its prior use in connection with offering and sale of the Bonds.  The District further approves the form and content of the final Official Statement and hereby authorizes and directs execution thereof by the Executive Officers and delivery of such final Official Statement to the Underwriter for use in connection with the public offering of the Bonds.

SECTION 12.3.  Executive Officers Determine Bond Terms.  The Executive Officers are hereby designated as representatives of the District and are authorized to accept and execute on behalf of the District an offer of the Underwriters for purchase of the Bonds as expressly set forth in the Bond Purchase Agreement, provided (i) a financial guaranty insurance policy is obtained for the Bonds, and (ii) the offer of purchase by the Underwriters is received by the Executive Officers by not later than May 5, 2009, and such offer sets an average interest rate of less than 4.00% per annum, and a sales price of the Bonds at not less than 99.3% of the par value thereof (exclusive of bond insurance premium), plus accrued interest to the date of delivery of the Bonds.  The Executive Officers may, in their discretion, establish on behalf of the District the par value of the Bonds, the interest rates payable thereon as well as the annual principal maturities thereof.

The Executive Officers be and they are hereby authorized and directed to take all actions in conformity with the Act, if necessary, or reasonably required to effectuate the issuance, sale and delivery of the Bonds and shall take all action necessary or desirable in conformity with the Act for carrying out, giving effect to and consummating the transactions contemplated by the Bonds, this Bond Resolution, the Bond Purchase Agreement, the Preliminary Official Statement and the Final Official Statement, including without limitation, the execution and delivery of any closing documents in connection with the issuance, sale and delivery of the Bonds.  The Executive officers are specifically authorized to approve such changes to said documents as are necessary and appropriate and not contrary to the general tenor thereof, such approval to be conclusively evidenced by such execution thereof.

ARTICLE XIII

REDEMPTION OF REFUNDED BONDS

SECTION 13.1.  Call for Redemption.  Subject only to delivery of the Bonds, the Refunded Bonds are hereby irrevocably called for redemption on the date of delivery of the Bonds, at a redemption price of 100% of the principal amount of each bond so redeemed, and accrued interest to the date of redemption, in compliance with the resolution authorizing their issuance.

SECTION 13.2.  Notice of Redemption.  In accordance with the resolution authorizing issuance of the Refunded Bonds, notice of redemption in substantially the form attached hereto as Exhibit D, shall be given by means of first class mail (postage prepaid) not less than thirty (30) days prior to the date fixed for redemption, addressed to the registered owner of each bond to be redeemed at his address as shown on the registration books of the paying agent for the Refunded Bonds.

ARTICLE XIV

PROVISIONS RELATING TO INSURER

SECTION 14.1.  Notices and Information to Insurer.  The District agrees to provide the Insurer with the following information:

(i) Within 120 days after the end of each Fiscal Year of the District, the District’s budget for the new year, annual audited financial statements (as soon as available if not within 120 days), and, if not presented in the audited financial statements, a statement of the Pledged Tax Revenues pledged to payment of the Bonds in such Fiscal Year;

(ii) Official Statement or other disclosure, if any, prepared in connection with issuance of additional debt, whether or not it is on parity with the Bonds within 30 days after the sale thereof; and

(iii) Such additional information as the Insurer may reasonably request from time to time.

The District further agrees to notify the Insurer of any failure of the District to provide relevant notices, certificates and other information required of the District pursuant to this Bond Resolution.

The District will permit the Insurer to discuss the affairs, finances and accounts of the District or any information the Insurer may reasonably request regarding the security for the Bonds with appropriate officers of the District, and to have access and to make copies of all books and records relating to the Bonds at any reasonable time.

In the event the District fails to comply with the requirements set forth in (i) through (iv) above, the Insurer shall have the right to direct an accounting at the District’s expense, and the District’s failure to comply with such direction within thirty (30) days after receipt of written notice of the direction from the Insurer shall be deemed a default hereunder; provided, however, that if compliance cannot occur within such period, then such period will be extended so long as compliance is begun within such period and diligently pursued, but only if such extension would not materially adversely affect the interests of any Owner of the Bonds.

Notwithstanding any other provision of this Bond Resolution, the District shall immediately notify the Insurer if at any time there are insufficient moneys to make any payments of principal and/or interest as required and immediately upon the occurrence of any event of default hereunder.

SECTION 14.2.  Payment Procedure Under Financial Guaranty Insurance Policy.  For so long as the Financial Guaranty Insurance Policy shall be in full force and effect, the District and the Paying Agent agree to comply with the following provisions:

(a) At least one (1) day prior to all Interest Payment Dates the Paying Agent will determine whether there will be sufficient funds in the Sinking Funds to pay the principal of or interest on the Bonds on such Interest Payment Date.  If the Paying Agent determines that there will be insufficient funds in such Sinking Funds, the Paying Agent shall so notify the Insurer.  Such notice shall specify the amount of the anticipated deficiency, the Bonds to which such deficiency is applicable and whether such Bonds will be deficient as to principal or interest, or both.  If the Paying Agent has not so notified the Insurer at least one (1) day prior to an Interest Payment Date, the Insurer will make payments of principal or interest due on the Bonds on or before the first (1^st) day next following the date on which the Insurer shall have received notice of nonpayment from the Paying Agent.

(b) The Paying Agent shall after giving notice to the Insurer as provided in (a) above, make available to the Insurer any, at the Insurer’s direction, to the insurance trustee for the Insurer or any successor insurance trustee (the “Insurance Trustee”), the registration books of the District maintained by the Paying Agent and all records relating to the Sinking Fund maintained under this Bond Resolution.

(c) The Paying Agent shall provide the Insurer and the Insurance Trustee with a list of registered Owners of the Bonds entitled to receive principal or interest payments from the Insurer under the terms of the Financial Guaranty Insurance Policy, and shall make arrangements with the Insurance Trustee (i) to mail checks or drafts to the registered Owners of Bonds entitled to receive full or partial interest payments from the Insurer and (ii) to pay principal upon Bonds surrendered to the Insurance Trustee by the registered Owners of Bonds entitled to receive full or partial principal payments from the Insurer.

(d) The Paying Agent shall at the time it provides notice to the Insurer pursuant to (a) above, notify registered Owners of Bonds entitled to receive payment of principal or interest thereon from the Insurer (i) as to the fact of such entitlement, (ii) that the Insurer will remit to them all or part of the interest payments next coming due upon proof of Bondholder entitlement to interest payments and delivery to the Insurance Trustee, in form satisfactory to the Insurance Trustee, of an appropriate assignment of the registered

Owner’s right to payment, (iii) that should they be entitled to receive full payment of principal from the Insurer, they must surrender their Bonds (along with an appropriate instrument of assignment in form satisfactory to the Insurance Trustee to permit ownership of such Bonds to be registered in the name of the Insurer) for payment to the Insurance Trustee, and not the Paying Agent, and (iv) that should they be entitled to receive partial payment of principal from the Insurer, they must surrender their Bonds for payment thereon first to the Paying Agent who shall note on such Bonds the portion of the principal paid by the Paying Agent, and then, along with an appropriate instrument of assignment in form satisfactory to the Insurance Trustee, to the Insurance Trustee, which will then pay the unpaid portion of principal.

(e) In the event that the Paying Agent has notice that any payment of principal of or interest on a Bond which has become due for payment and which is made to a Bondholder by or on behalf of the District has been deemed a preferential transfer and theretofore recovered from its registered Owner pursuant to the United States Bankruptcy Code by a trustee in bankruptcy in accordance with the final, nonappealable order of a court having competent jurisdiction, the Paying Agent shall at the time the Insurer is notified pursuant to (a) above, notify all registered Owners that in the event any registered Owner's payment is so recovered, such registered owner will be entitled to payment from the Insurer to the extent of such recovery if sufficient funds are not otherwise available, and the Paying Agent shall furnish to the Insurer its records evidencing the payments of principal of and interest on the Bonds which have been made by the Paying Agent and subsequently recovered from registered Owners and the dates on which such payments were made.

(f) In addition to those rights granted the Insurer under this Bond Resolution, the Insurer shall, to the extent it makes payment of principal of or interest on Bonds, become subrogated to the rights of the recipients of such payments in accordance with the terms of the Financial Guaranty Insurance Policy, and to evidence such subrogation (i) in the case of subrogation as to claims for past due interest, the Paying Agent shall note The Insurer's rights as subrogee on the registration books of the District maintained by the Paying Agent, upon receipt from the Insurer of proof of the payment of interest thereon to the registered Owners of the Bonds, and (ii) in the case of subrogation as to claims for past due principal, the Paying Agent shall note the Insurer's rights as subrogee on the registration books of the District maintained by the Paying Agent upon surrender of the Bonds by the registered Owners thereof together with proof of the payment of principal thereof.

SECTION 14.3.  Insurer As Third Party Beneficiary.  To the extent that this Bond Resolution confers upon, gives or grants to the Insurer any right, remedy or claim under or by reason of this Bond Resolution, the Insurer is hereby explicitly recognized as being a third-party beneficiary hereunder and may enforce any such right remedy or claim conferred, given or granted hereunder.

SECTION 14.4.  Notices to Insurer.  Any notices required by this Bond Resolution to be sent to the Insurer shall be addressed as follows:

                                Assured Guaranty Corp.

                                1325 Avenue of the Americas

                                New York, NY 10019

ARTICLE XV

CONTINUING DISCLOSURE UNDERTAKINGtc "ARTICLE XV

CONTINUING DISCLOSURE UNDERTAKING"

SECTION 15.1.  Continuing Disclosure.  The Chief Financial Officer of the District is hereby empowered and directed to execute an appropriate Continuing Disclosure Certificate (substantially in the form set forth in Appendix H of the official statement issued in connection with the issuance and sale of the Bonds) pursuant to S.E.C. Rule 15c2-12(b)(5).

ADOPTED AND APPROVED on this 21^st day of April, 2009.

/s/ Elray Victorian                                    

ELRAY VICTORIAN President

/s/ Wayne R. Savoy                    

WAYNE R. SAVOY, Secretary

C. Resolution Regarding Refunding Bonds of School District #34

On a motion to approve by Mr. Pitre and seconded by Mr. Victorian, the motion carried.

 SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

April 21, 2009

The Calcasieu Parish School Board, State of Louisiana, met in regular public session at its regular meeting place in the Calcasieu Parish School Board Office, Lake Charles, Louisiana, at 4:45 o’clock p.m. on April 21, 2009, pursuant to written notice given to each and every member thereof and duly posted in the manner required by law.

President, Elray Victorian, called the meeting to order and on roll call, the following members were present:

Joe A. Andrepont, Annette Ballard, Dale B. Bernard, Billy Breaux, Randall Burleigh, Mack Dellafosse, Clara Duhon, Chad Guidry, Bill Jongbloed, James W. Karr, Sr., Bryan LaRocque, James W. Pitre, Elray Victorian and R. L. Webb

ABSENT: Fredman Hardy

Wayne R. Savoy, Board Secretary, also attended.  The meeting was called to order and the roll called with the above results.

Thereupon, the following resolution was then introduced, and pursuant to motion made by Mr. Pitre and seconded by Mr. Victorian, was adopted by the following vote:

YEAS:      Mr. Andrepont, Mrs. Ballard, Mr. Bernard, Mr. Breaux, Mr. Burleigh, Mr. Dellafosse, Mrs. Duhon, Mr. Guidry, Mr. Jongbloed, Mr. Karr, Mr. LaRocque, Mr. Pitre, and Mr. Webb

NAYS:     None

ABSENT: Mr. Hardy

NOT VOTING:        President Victorian

BOND RESOLUTION

A resolution providing for issuance, sale and delivery of  not exceeding $9,000,000 General Obligation Refunding Bonds of School District No. 34 of Calcasieu Parish, Louisiana, 2009 Series; prescribing the form, fixing the details and providing for the  rights of the owners thereof; providing for payment of the principal of and interest on such bonds and the application of the proceeds thereof to the refunding of certain public school improvement bonds of said District; and providing for other matters in connection therewith.

WHEREAS, School District No. 34 of Calcasieu Parish, Louisiana (the “District”)  held an election on July 20, 2002 within said District, wherein the following proposition was proposed to and approved by the electorate of the District, to-wit:

BOND PROPOSITION NO. 1

SUMMARY:  AUTHORITY FOR SCHOOL DISTRICT NO. 34 OF CALCASIEU PARISH, LOUISIANA, TO ISSUE NOT EXCEEDING $34,000,000 OF 20-YEAR PUBLIC SCHOOL IMPROVEMENT BONDS FOR ACQUIRING AND/OR IMPROVING SCHOOL BUILDINGS AND OTHER SCHOOL RELATED FACILITIES WITHIN THE DISTRICT, SAID BONDS TO BE PAYABLE FROM AD VALOREM TAXES.

Shall School District No. 34 of Calcasieu Parish, Louisiana (the “District”) incur debt and issue bonds in an amount not exceeding $34,000,000 for a period not to exceed twenty (20) years from the date thereof, with interest at a rate not exceeding Nine (9%) percent per annum, for the purpose of acquiring and/or improving lands for building sites and playgrounds, purchasing, erecting, enlarging and/or improving school buildings and other school related facilities within and for the District, and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public, which said bonds shall be retired with, paid from and secured by ad valorem taxes on all taxable property within the limits of the District sufficient in rate and amount to pay said bonds in principal and interest?

WHEREAS, the District has heretofore issued $10,000,000 of its General Obligation Public School Improvement Bonds, 2004 Series, dated January 15, 2004 on original issue, of which $8,330,000 is currently outstanding (the “Outstanding Bonds”) which Outstanding Bonds are payable from a pledge and dedication of that portion of the net avails or proceeds of ad valorem taxes levied on all properties subject to taxation within the District, all in accordance with Article VI, Section 34 and Article VII, Section 26(E) of the Constitution of the State of Louisiana, and those portions of Part II of Article VII of the Constitution of 1974 of the State of Louisiana not repealed by the 1977 Louisiana Legislature, and Subpart A of Part III of Chapter 4 of Sub-Title II of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and all other laws on the same subject

matter; and

WHEREAS, the Calcasieu Parish School Board, State of Louisiana, governing authority of the District has found and determined that currently refunding the Outstanding Bonds, consisting of those bonds which mature on January 15, 2010 to January 15, 2024, inclusive (the “Refunded Bonds”), would be advantageous to the District;

WHEREAS, the Calcasieu Parish School Board has adopted a preliminary resolution on March 10, 2009, expressing its intention to issue general obligation refunding bonds of the District in an amount not to exceed $9,000,000 pursuant to the Act;

WHEREAS, the State Bond Commission will, on April 16, 2009, adopt a resolution granting authority for issuance of the Bonds in the principal amount not exceeding $9,000,000;

WHEREAS, pursuant to Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, it is now the desire of the District to adopt this Bond Resolution in order to provide for issuance by the District of not exceeding $9,000,000 principal amount of its General Obligation Refunding Bonds, 2009 Series (the “Bonds”), for the purpose of currently refunding the Refunded Bonds, to fix the details of the Bonds and to sell the Bonds to the purchasers thereof;

WHEREAS, in connection with refunding of the Refunded Bonds, the District has found and determined that it would be of substantial benefit to purchase a municipal bond insurance policy as more fully provided for herein, and to authorize acquisition thereof;

WHEREAS, it is further necessary to provide for application of the proceeds of the Bonds and to provide for other matters in connection with payment or redemption of the Refunded Bonds;

WHEREAS, in connection with issuance of the Bonds, it is necessary that provision be made for payment of the principal, interest and redemption premium, if any, of the Refunded Bonds described in Exhibit A hereto, and to provide for the call for redemption of the Refunded Bonds, pursuant to a Notice of Call for Redemption;

WHEREAS, the District desires to sell the Bonds to the purchasers thereof and to fix the details of the Bonds and the terms of the sale of the Bonds in accordance with the Bond Purchase Agreement attached hereto as Exhibit B;

NOW, THEREFORE, BE IT RESOLVED by the Calcasieu Parish School Board, State of Louisiana, acting as the governing authority of the District, that:

ARTICLE I

DEFINITIONS AND INTERPRETATION

SECTION 1.1. Definitions. The following terms shall have the following meanings in this resolution unless the context otherwise requires:

                                “Act” shall mean Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other applicable constitutional and statutory authority.

                                “Bond” or “Bonds” shall mean any or all of the General Obligation  Refunding Bonds, 2009 Series of the District, issued pursuant to this Bond Resolution, as the same may be amended from time to time, whether initially delivered or issued in exchange for, upon transfer of, or in lieu of any previously issued Bond.  The Bonds shall be secured by and payable from ad valorem taxes levied upon taxable properties within the District, and insured by a Financial Guaranty Insurance Policy.

                                “Bondholder,” “Registered Owner,” or “Owner” shall mean the Person reflected as registered owner of any of the Bonds on the registration books maintained by the Paying Agent.  Notwithstanding any provision of this Bond Resolution to the contrary, the Insurer shall, at all times, be deemed an owner of all the Bonds for the purposes of consenting to any resolution supplementing or amending this Bond Resolution, and shall be notified in advance of the adoption of any resolution supplemental or amendatory hereto whether or not the consent of the Owners is required.

                                “Bond Counsel” shall mean an attorney or firm of attorneys whose experience in matters relating to the issuance of obligations by states and their political subdivisions is nationally recognized.

                                “Bond Obligation” shall mean, as of the date of computation, the principal amount of the Bonds then Outstanding.

“Bond Resolution” shall mean the resolution authorizing issuance of the Bonds, as further amended and supplemented as herein provided.

                                “Bond Year” shall mean the one-year period ending on the principal payment date on the Bonds (January 15).

                                “Business Day” shall mean a day of the year other than a day on which banks located in New York, New York and the cities in which the principal offices of the Paying Agent are located are required or authorized to remain closed and on which the New York Stock Exchange is closed.

                                “Code” shall mean the Internal Revenue Code of 1986, as amended.

                                “Costs of Issuance” shall mean all items of expense, directly or indirectly payable or reimbursable and related to the authorization, sale and issuance of the Bonds, including but not limited to printing costs, costs of preparation and reproduction of documents, filing and recording fees, initial fees and charges of any fiduciary, legal fees and charges, fees and charges for the preparation and distribution of a preliminary official statement and official statement, if paid by the District, fees and disbursements of consultants and professionals, costs of credit ratings, fees and charges for preparation, execution, transportation and safekeeping of the Bonds, costs and expenses of refunding, premiums for the insurance policy securing payment of the Bonds, if any, and any other cost, charge or fee paid or payable by the District in connection with the original issuance of Bonds.

“Debt Service” for any period shall mean, as of the date of calculation, an amount equal to the sum of (i) interest payable during such period on Bonds and (ii) the principal amount of Bonds which mature during such period.

                                “Defeasance Obligations” shall mean (a) cash or (b) non callable Government Securities.

                                “District” shall mean School District No. 34 of Calcasieu Parish, State of Louisiana.

                                “Executive Officers” shall mean the President, the Secretary, and the Chief Financial Officer of the Calcasieu Parish School Board.

                                “Financial Guaranty Insurance Policy” shall mean the municipal bond new issue insurance policy issued by the Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

                                “Fiscal Year” shall mean the one-year period commencing on July 1 of each year, or such other one-year period as may be designated by the Governing Authority as the fiscal year of the District.

                                “Governing Authority” shall mean the School Board of Calcasieu Parish, State of Louisiana, or its successor in function.

                                “Government Securities” shall mean direct general obligations of, or obligations the timely payment of principal of and interest on which are fully and unconditionally guaranteed by, the United States of America, which may be United States Treasury Obligations such as the State and Local Government Series and may be in book-entry form.

                                “Insurer” shall mean, with respect to the Bonds, Assured Guaranty Corp., or its successor and assigns.

                                “Interest Payment Date” shall mean January 15 and July 15 of each year, commencing January 15, 2010.

                                “Outstanding,” when used with reference to the Bonds, shall mean as of any date, all Bonds theretofore issued under the Bond Resolution, except:

1.             Bonds theretofore cancelled by the Paying Agent or delivered to the Paying Agent for cancellation;

2.             Bonds for the payment or redemption of which sufficient Defeasance Obligations have been deposited with the Paying Agent or an escrow agent in trust for the owners of such Bonds with the effect specified in Section 11.1 of this Bond Resolution, provided that if such Bonds are to be redeemed, irrevocable notice of such redemption has been duly given or provided for pursuant to the Bond Resolution, to the satisfaction of the Paying Agent, or waived;

3.             Bonds in exchange for or in lieu of which other Bonds have been registered and delivered pursuant to the Bond Resolution; and

4.             Bonds alleged to have been mutilated, destroyed, lost, or stolen which have been paid as provided in the Bond Resolution or by law.

                                “Paying Agent” shall mean Argent Trust, a Division of National Independent Trust Company, in the city of Ruston, Louisiana, as paying agent and registrar hereunder, until a successor Paying Agent shall have become such pursuant to the applicable provisions of the Bond Resolution, and thereafter “Paying Agent” shall mean such successor Paying Agent.

                                “Person” shall mean any individual, corporation, partnership, joint venture, association joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

                                “Pledged Tax Revenues” shall mean the net avails or proceeds of the unlimited ad valorem tax levied against all assessable properties within the District, as approved by the electorate of the District in an election previously held therein.

                                “Qualified Investments” shall mean (i) cash, (ii) Government Securities, and (iii) time certificates of deposit of state banks organized under the laws of the State and national banks having their principal office in the State which are fully collateralized by government securities as provided by Louisiana law, or any other investment security which may be permitted by Louisiana law and approved in writing by the Insurer with notice to Standard & Poor’s Corporation.

                                “Record Date” shall mean, with respect to an Interest Payment Date, the close of business on the fifteenth calendar day of the month next preceding an Interest Payment Date, whether or not such day is a Business Day.

                                “Refunded Bonds” shall mean those bonds of the District’s outstanding General Obligation Public School Improvement Bonds, 2004 Series, dated January 15, 2004 on original issue, maturing January 15, 2010 to January 15, 2024, inclusive, which are being refunded by the Bonds, as more fully described in Exhibit A hereto.

                                “State” shall mean the State of Louisiana.

                                “Underwriter” shall mean Stephens Inc., Baton Rouge, Louisiana.

SECTION 1.2. Interpretation.  In this Bond Resolution, unless the context otherwise requires, (a) words importing the singular include the plural and vice versa, (b) words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders and (c) the title of the offices used in this Bond Resolution shall be deemed to include any other title by which such office shall be known under any subsequently adopted charter.

ARTICLE II

AUTHORIZATION AND ISSUANCE OF BONDS

 SECTION 2.1.  Authorization of Bonds.  This Bond Resolution creates an issue of Bonds  to be designated “General Obligation Refunding Bonds, 2009 Series, of School District No. 34 of Calcasieu Parish, Louisiana” and provides for the full and final payment of the principal or redemption price of, and interest on all the Bonds.

(b) The Bonds issued under this Bond Resolution shall be issued for the purpose of currently refunding the Refunded Bonds on the date of delivery of the Bonds.

(c) Provision having been made for the redemption of all the Refunded Bonds, in accordance with their terms, it is hereby recognized and acknowledged that as of the date of delivery of the Bonds under this Bond Resolution, provision will have been made for the performance of all covenants and agreements of the District incidental to the Refunded Bonds, and accordingly, and in compliance with all that is herein provided, the District is expected to have no future obligation with reference to the aforesaid Refunded Bonds.

(d) The District does hereby find that since substantial benefits will accrue from the insurance of the Bonds, the Bonds are being insured by the Insurer and an appropriate legend shall be printed on the Bonds as evidence of such insurance.  The cost of the Financial Guaranty Insurance Policy shall be paid by the District from proceeds of the Bonds.

SECTION 2.2. Bond Resolution to Constitute Contract. In consideration of the purchase and acceptance of the Bonds by those who shall own the same from time to time, the provisions of this Bond Resolution shall be a part of the contract of the District with the Owners of the Bonds and shall be deemed to be and shall constitute a contract between the District and the Owners from time to time of the Bonds.  The provisions, covenants and agreements herein set forth to be performed by or on behalf of the District shall be for the equal benefit, protection and security of the Owners of any and all of the Bonds, each of which Bonds, regardless of the time or times of its issue or maturity, shall be of equal rank without preference, priority or distinction over any other thereof except as expressly provided in this Bond Resolution.

SECTION 2.3. Obligation of Bonds.  The Bonds shall be secured by and payable in principal, premium, if any, and interest solely from an irrevocable pledge and dedication of the Pledged Tax Revenues.  The Pledged Tax Revenues are hereby irrevocably and irrepealably pledged and dedicated in an amount sufficient for payment of the Bonds in principal, premium, if any, and interest as they shall become due and payable, and for other purposes hereinafter set forth in this Bond Resolution.  All of the Pledged Tax Revenues shall be set aside in a separate fund as hereinafter provided, and shall be and remain pledged for the security and prompt payment of the Bonds, in principal, premium, if any, and interest and for all other payments provided for in this Bond Resolution until such Bonds shall have been fully paid and discharged.

SECTION 2.4.  Authorization and Designation.  Pursuant to the provisions of the Act, there is hereby authorized issuance of not exceeding $9,000,000 principal amount of Bonds to be designated “General Obligation Refunding Bonds of School District No. 34 of Calcasieu Parish, Louisiana, 2009 Series,” for the purpose of currently refunding the Refunded Bonds.  The Bonds shall be in substantially the form set forth in Exhibit C hereto, with such necessary or appropriate variations, omissions and insertions as are required or permitted by the Act and this Bond Resolution.

SECTION 2.5.  Denominations, Dates, Maturities and Interest.  The Bonds are issuable as fully registered bonds without coupons in the denominations of $5,000 principal amount or any integral multiple thereof within a single maturity, and shall be numbered R-l upwards.

The Bonds shall be dated June ___, 2009, shall bear interest payable on January 15 and July 15 of each year, commencing January 15, 2010, at the rates per annum and annual principal maturities set forth in the final Official Statement to be approved by the Chief Financial Officer, and shall mature on January 15 in the years 2010 through and including 2024, in the aggregate principal amount not to exceed $9,000,000.

The principal and premium, if any, of the Bonds are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts at the principal corporate trust office of the Paying Agent, upon presentation and surrender thereof.  Interest on the Bonds is payable by check mailed on or before the Interest Payment Date by the Paying Agent to the Owner (determined as of the Record Date) at the address of such Owner as it appears on the registration books of the Paying Agent maintained for such purpose.  Except as otherwise provided in this Section, Bonds shall bear interest from date thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, provided, however, that if and to the extent that the District shall default in payment of interest on any Bonds due on any Interest Payment Date, then all such Bonds shall bear interest at their stated rate from the most recent Interest Payment Date to which interest has been paid on the Bonds, or if no interest has been paid on the Bonds, from their dated date.  The person in whose name any Bond is registered at the close of business on the Record Date with respect to an Interest Payment Date shall in all cases be entitled to receive the interest payable on such Interest Payment Date (unless such Bond has been called for redemption on a redemption date which is prior to such Interest Payment Date) not withstanding cancellation of such Bond upon any registration of transfer or exchange thereof subsequent to such Record Date and prior to such Interest Payment Date.

SECTION 2.6.  The Chief Financial Officer of the Calcasieu Parish School Board is hereby given permission to negotiate the sale the Bonds at interest rates and terms most advantageous to the District.

SECTION 2.7.  The Chief Financial Officer is hereby authorized and empowered to effect and implement any necessary amendments and changes to the Official Statement necessary in order to market the Bonds, which amendments and changes may be requested or required by the rating agencies, the municipal bond insurer, if any, the underwriter, bond counsel, or the municipal bond market generally, and to execute a Bond Purchase Agreement with Stephens Inc. under such terms and conditions as are most favorable to the District.

SECTION 2.8.  There is hereby delegated to the Chief Financial Officer authority to designate the form of the Preliminary Official Statement, with such revisions, additions and appendices thereto as he may deem necessary, in his discretion, as the “near final official statement” within the meaning of the Rule.  Such form, when so approved by the Chief Financial Officer, is hereby authorized to be distributed to prospective purchasers of the Bonds.

ARTICLE III

GENERAL TERMS AND PROVISIONS OF THE BONDS

SECTION 3.1. Exchange of Bonds; Persons Treated as Owners.  The District shall cause books for the registration and for the registration of transfer of the Bonds as provided in this Bond Resolution to be kept by the Paying Agent at its principal corporate trust office, and the Paying Agent is hereby constituted and appointed the registrar for the Bonds.  At reasonable times and under reasonable regulations established by the Paying Agent said list may be inspected and copied by the District, the Insurer or by the Owners (or a designated representative thereof) of 15% of the outstanding principal amount of the Bonds.  Upon the occurrence and continuance of an Event of Default, as defined in Section 9.1, which would require the Insurer to make payments under the Financial Guaranty Insurance Policy, the Insurer and its designated agent shall be provided with access to inspect and copy the registration books of the District for the Bonds.

Upon surrender for registration of transfer of any Bond, the Paying Agent shall register and deliver in the name of the transferee or transferees one or more new fully registered Bonds of authorized denomination of the same maturity and like aggregate principal amount. At the option of the Owner, Bonds may be exchanged for other Bonds of authorized denominations of the same maturity and like aggregate principal amount, upon surrender of the Bonds to be exchanged at the principal corporate trust office of the Paying Agent.  Whenever any Bonds are so surrendered for exchange, the Paying Agent shall register and deliver in exchange therefor the Bond or Bonds which the Bondholder making the exchange shall be entitled to receive.  All Bonds presented for registration of transfer or exchange shall be accompanied by a written instrument or instruments of transfer in form and with a guaranty of signature satisfactory to the Paying Agent, duly executed by the Owner or his attorney duly authorized in writing.

No service charge to the Owners shall be made by the Paying Agent for any exchange or registration of transfer of Bonds.  The Paying Agent may require payment by the person requesting an exchange or registration of transfer of Bonds of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.  The District and the Paying Agent shall not be required (a) to issue, register the transfer of or exchange any Bond during a period beginning at the opening of business on the 15^th calendar day of the month next preceding an Interest Payment Date, or any date of selection of Bonds to be redeemed and ending at the close of business on the Interest Payment Date or day on which the applicable notice of redemption is given or (b) to register the transfer of or exchange any Bond so selected for redemption in whole or in part.

All Bonds delivered upon any registration of transfer or exchange of Bonds shall be valid obligations of the District, evidencing the same debt and entitled to the same benefits under this Bond Resolution as the Bonds surrendered. Prior to due presentment for registration of transfer of any Bond, the District, the Insurer and the Paying Agent, and any agent of the District, the Insurer or the Paying Agent may deem and treat the person in whose name any Bond is registered as the absolute owner thereof for all purposes, whether or not such Bond shall be overdue, and shall not be bound by any notice to the contrary.

SECTION 3.2.  Bonds Mutilated, Destroyed, Stolen or Lost.  In case any Bond shall become mutilated or be improperly canceled, or be destroyed, stolen or lost, the Governing Authority may in its discretion adopt a resolution and thereby authorize issuance and delivery of a new Bond in exchange for and substitution for such mutilated or improperly canceled Bond, or in lieu of and substitution for the Bond destroyed, stolen or lost, upon the Owner (i) furnishing the District, the Insurer and the Paying Agent proof of his ownership thereof and proof of such mutilation, improper cancellation, destruction, theft or loss satisfactory to the District, the Insurer and the Paying Agent, (ii) giving to the District, the Insurer and the Paying Agent an indemnity bond in favor of the District, the Insurer and the Paying Agent in such amount as the District and the Insurer may reasonably require, (iii) compliance with such other reasonable regulations and conditions as the District and the Insurer may prescribe and (iv) paying such expenses as the District, the Insurer and the Paying Agent may incur.  All Bonds so surrendered shall be delivered to the Paying Agent for cancellation pursuant to Section 3.4 hereof.  If any Bond shall have matured or be about to mature, instead of issuing a substitute Bond, the District may pay the same, upon being indemnified as aforesaid, and if such Bond be lost, stolen or destroyed, without surrender thereof any such duplicate Bond issued pursuant to this Section shall constitute an original, additional, contractual obligation on the part of the District, whether or not the lost, stolen or destroyed Bond be at any time found by anyone.  Such duplicate Bond shall be in all respects identical with those replaced except that it shall bear on its face the following additional clause:  “This Bond is issued to replace a lost, canceled or destroyed Bond under the authority of La. R.S. 39:971 through 39:974.”

Such duplicate Bond may be signed by the facsimile signatures of the same officers who signed the original Bonds, provided, however, that in the event the officers who executed the original Bonds are no longer in office, then the new Bonds may be signed by the officers then in office.  Such duplicate Bonds shall be entitled to equal and proportionate benefits and rights as to lien and source and security for payment as provided herein with respect to all other Bonds hereunder, the obligation of the District upon the duplicate Bonds being identical to their obligations upon the original Bonds and the rights of the Owner of the duplicate Bonds being the same as those conferred by the original Bonds.

SECTION 3.3.  Preparation of Definitive Bonds, Temporary Bonds.  Until the definitive Bonds are prepared, the District may execute, in the same manner as is provided in Section 3.5, and deliver, in lieu of definitive Bonds, but subject to the same provisions, limitations and conditions as the definitive Bonds except as to the denominations, one or more temporary typewritten Bonds substantially of the tenor of the definitive Bonds in lieu of which such temporary Bond or Bonds are issued, in authorized denominations, and with such omissions, insertions and variations as may be appropriate to temporary Bonds.

SECTION 3.4.  Cancellation of Bonds.  All Bonds paid or redeemed either at or before maturity, together with all Bonds purchased by the District, shall thereupon be promptly cancelled by the Paying Agent.  The Paying Agent shall thereupon promptly furnish to the Executive Officers an appropriate certificate of cancellation.

SECTION 3.5.  Execution.  The Bonds shall be executed in the name and on behalf of the District by the manual or facsimile signatures of the President and Secretary of the Calcasieu Parish School Board, and the corporate seal of the Calcasieu Parish School Board (or a facsimile thereof) shall be thereunto affixed, imprinted, engraved or otherwise reproduced thereon.  In case any one or more of the officers who shall have signed or sealed any of the Bonds shall cease to be such officer before the Bonds so signed and sealed shall have been actually delivered, such Bonds may, nevertheless, be delivered as herein provided, and may be issued as if the person who signed or sealed such Bonds had not ceased to hold such office.  Said officers shall, by the execution of the Bonds, adopt as and for their own proper signatures their respective facsimile signatures appearing on the Bonds or any legal opinion certificate thereon, and the District may adopt and use for that purpose the facsimile signature of any person or persons who shall have been such officer at any time on or after the date of such Bond, notwithstanding that at the date of such Bond such person may not have held such office or that at the time when such Bond shall be delivered such person may have ceased to hold such office.

SECTION 3.6.  Registration by Paying Agent and Secretary of State.  (a) No Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Bond Resolution unless and until a certificate of registration on such Bond substantially in the form set forth in Exhibit C hereto shall have been duly executed on behalf of the Paying Agent by a duly authorized signatory, and such executed certificate of the Paying Agent upon any such Bond shall be conclusive evidence that such Bond has been executed, registered and delivered under this Bond Resolution.

(b)  The Bonds shall also be registered with the Secretary of State of Louisiana (which registration shall be by manual signature on the Bonds issued upon original issuance of the Bonds and by facsimile signature on Bonds exchanged therefor) and shall have endorsed thereon the following:

“OFFICE OF SECRETARY OF STATE

STATE OF LOUISIANA

BATON ROUGE, LOUISIANA

This Bond secured by a tax.  Registered on the ___ day of June, 2009.

_________________________________

                                                                  Secretary of State”

SECTION 3.7.  Regularity of Proceedings.  The District, having investigated the regularity of the proceedings had in connection with issuance of the Bonds, and having determined the same to be regular, each of the Bonds shall contain the following recital, to-wit:

“It is certified that this Bond is authorized by and is issued in conformity with the requirements of the Constitution and statutes of the State of Louisiana.”

ARTICLE IV

PAYMENT OF BONDS; DISPOSITION OF FUNDS

SECTION 4.1.  Deposit of Funds With Paying Agent.  The District covenants that it will deposit or cause to be deposited with the Paying Agent from the moneys derived from collection of the Pledged Tax Revenues or other funds available for such purpose, at least one (1) Business Day in advance of the date on which payment of principal, premium, if any, and/or interest falls due on the Bonds, funds fully sufficient to pay promptly the principal, premium, if any, and interest so falling due on such date.

SECTION 4.2.  District Obligated to Collect Tax.  In compliance with the laws of the State, the District, through the Governing Authority, by proper resolutions and/or ordinances is obligated to cause the ad valorem taxes to continue to be assessed, levied and collected for the full period of their authorization or until all of the Bonds have been retired as to both principal and interest, or provision therefor has been made in accordance with the provisions of Section 11.1 hereof, and further the District shall not discontinue or terminate or permit to be discontinued or terminated the ad valorem taxes in anticipation of the collection of which the Bonds have been issued, nor in any way make any change which would adversely effect the amount of the Pledged Tax Revenues to be received by the District until all of the Bonds have been retired as to both principal and interest, or provision therefor has been made in accordance with the provisions of Section 11.1 hereto.

SECTION 4.3.  Funds and Accounts.  In order that principal of and interest on the Bonds will be paid in accordance with their terms and for the other objects and purposes hereinafter provided, the District further covenants as follows:  All avails or proceeds of the ad valorem taxes constituting Pledged Tax Revenues shall be deposited as the same may be collected to the credit of the District, in a separate and special bank account established and maintained with the regularly designated fiscal agent of the Calcasieu Parish School Board and designated “School District No. 34  2009 General Obligation Refunding Bond Sinking Fund” (the “Sinking Fund”).  Funds on deposit in the Sinking Fund shall constitute dedicated funds of the District, from which appropriations and expenditures by the District shall be made solely for the purposes of paying the principal of, interest on, and redemption premium, if any, of the Bonds.  Said fiscal agent shall transfer from said Sinking Fund to the paying agent bank or banks for all Bonds payable from said fund, at least one (1) Business Day in advance of each Interest Payment Date, funds fully sufficient to pay promptly the principal and interest so falling due on such date.

All or any part of the moneys in the Sinking Fund shall, at the written request of the District, be invested in Qualified Investments, provided that Bond proceeds representing accrued interest, if any, shall be invested in Government Securities, maturing prior to the first interest payment date of the respective issues of bonds as herein provided.  All income derived from such investments shall be added to the applicable Sinking Fund, and such investments shall, to the extent at any time necessary, be liquidated and the proceeds thereof applied to the purposes for which the Sinking Fund is herein created.

SECTION 4.4.  Funds to Constitute Trust Funds.  The Sinking Fund provided for in Section 4.3 hereof shall all be and constitute a trust fund for the purposes provided in this Bond Resolution, and the Owners of Bonds issued pursuant to this Bond Resolution are hereby granted a lien on all such funds until applied in the manner provided herein.  The moneys in such fund shall at all times be secured to the full extent thereof by the bank or trust company holding such funds in the manner required by the laws of the State.

SECTION 4.5.  Method of Valuation and Frequency of Valuation.  In computing the amount in any fund provided for in Section 4.3, investments shall be valued at the lower of cost or market price, exclusive of accrued interest.  With respect to the Sinking Fund valuation shall occur annually.  If any investment in the Sinking Fund ceases to be a Qualified Investment, then such non-conforming investment shall be sold or liquidated (unless otherwise approved by the Insurer) and the proceeds thereof invested in Qualified Investments.

ARTICLE V

REDEMPTION OF BONDS

SECTION 5.1.  Optional Redemption.  Those Bonds maturing January 15, 2016 and thereafter, shall be callable for redemption at the option of the District prior to their stated maturities, in full at any time on or after January 15, 2015, or in part, in the inverse order of their maturities, and if less than a full maturity then by lot within such maturity, on any Interest Payment Date on or after January 15, 2015, at a redemption price of 100% of the principal amount of each Bond redeemed, together with accrued interest to the date fixed for redemption.

In the event a Bond to be redeemed is of a denomination larger than $5,000, a portion of such Bond ($5,000 or any multiple thereof) may be redeemed.  Any Bond which is to be redeemed only in part shall be surrendered at the principal corporate trust office of the Paying Agent and there shall be delivered to the Owner of such Bond, a Bond or Bonds of the same maturity and of any authorized denomination or denominations as requested by such Owner in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered.

SECTION 5.2.  Notice to Paying Agent.  In the case of any redemption of Bonds, the District shall give written notice to the Paying Agent and the Insurer of the election so to redeem and the redemption date, and of the principal amounts and numbers of the Bonds or portions of Bonds of each maturity to be redeemed.  Such notice shall be given at least forty-five (45) days prior to the redemption date.

SECTION 5.3.  Selection of Bonds to be Redeemed by Lot.  In the event of redemption of less than all the outstanding Bonds of like maturity, such Bonds shall be redeemed by lot or in such other manner as shall be deemed fair and equitable by the Paying Agent for random selection.

SECTION 5.4.  Notice of Redemption.  Notice of any such redemption shall be given by the Paying Agent by mailing a copy of the redemption notice by first class mail postage prepaid, not less than thirty (30) days prior to the date fixed for redemption, to the Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books maintained by the Paying Agent and to the Insurer.  In no event shall any notice of redemption be given to the Owners, other than with respect to the Bonds that are the subject of a refunding unless the District shall have theretofore deposited moneys available therefore with the Paying Agent in an amount which, in addition to other amounts, if any, available therefor held by the Paying Agent, will be sufficient to redeem on the redemption date, at the redemption price thereof together with accrued interest to the redemption date, all of the Bonds to be redeemed.  Failure to give such notice by mailing to any Owner or the Insurer, or any defect therein, shall not affect the validity of any proceedings for the redemption of other Bonds.

All notices of redemption shall state (i) the redemption date; (ii) the redemption price; (iii) if less than all the Bonds are to be redeemed, the identifying number (and in the case of partial redemption, the respective principal amounts) and CUSIP number of the Bonds to be redeemed; (iv) that on the redemption date the redemption price will become due and payable on each such Bond and interest thereon will cease to accrue thereon from and after said date; and (v) the place where such Bonds are to be surrendered for payment.  Any notice mailed as provided in this Section shall be conclusively presumed to have been duly given, whether or not the Owner of such Bonds receives the notice.  On or before any redemption date the Paying Agent shall segregate and hold in trust funds furnished by the District for payment of the Bonds or portions thereof called, together with accrued interest thereon and premium, if any, to the redemption date. Upon the giving of notice and deposit of funds for redemption, interest on such Bonds or portions thereof thus called shall no longer accrue after the date fixed for redemption.  If said moneys shall not be so available on the redemption date, such Bonds shall continue to bear interest until paid at the same rate as they would have borne had they not been called for redemption.  No payment shall be made by the Paying Agent upon any Bond or portion thereof called for redemption until such Bond or portion thereof shall have been delivered for payment or cancellation or the Paying Agent shall have received the items required by Section 3.2 with respect to any mutilated, lost, stolen or destroyed Bond.  Upon surrender of any Bond for redemption in part only, the Paying Agent shall register and deliver to the Owner thereof a new Bond or Bonds of authorized denominations of maturity and interest rate in an aggregate principal amount equal to the unredeemed portion of the Bond surrendered.

SECTION 5.6.  Payment of Redeemed Bonds.  Notice having been given in the manner provided in Section 5.5, the Bonds or portions thereof so called for redemption shall become due and payable on the redemption date so designated at the redemption price, plus interest accrued and unpaid to the redemption date, and, upon presentation and surrender thereof at the office specified in such notice, such Bonds or portions thereof shall be paid at the redemption price plus interest accrued and unpaid to the redemption date.

SECTION 5.7.  Purchase of Bonds.  The Paying Agent shall endeavor to apply any moneys furnished by the District for the redemption of Bonds (but not committed to the redemption of Bonds as to which notice of redemption has been given) to the purchase of appropriate outstanding Bonds.  In accordance with Section 3.4, any Bonds so purchased shall be canceled.  Subject to the above limitations, the Paying Agent, at the direction of the District, shall purchase Bonds at such times, for such prices, in such amounts and in such manner (whether after advertisement for tenders or otherwise) with monies made available by the District for such purpose, provided, however, that the Paying Agent shall not expend amounts for the purchase of Bonds of a particular maturity (excluding accrued interest, but including any brokerage or other charges) in excess of the amount that would otherwise be expended for the redemption of Bonds of such maturity, plus accrued interest, and, provided further, that the District may, in its  discretion, direct the Paying Agent to advertise for tenders for the purchase of Bonds not less than sixty (60) days prior to any date for redemption of Bonds.

ARTICLE VI

PARTICULAR COVENANTS, ADDITIONAL BONDS

SECTION 6.1. Payment of Bonds.  The District shall budget in each Fiscal Year sufficient Pledged Tax Revenues to make all payments required by Section 4.3 in such Fiscal Year, and shall also duly and punctually pay or cause to be paid as herein provided, the principal of every Bond and the interest thereon, at the dates and places and in the manner stated in the Bonds according to the true intent and meaning thereof.

SECTION 6.2.  Tax Covenants.  (A) To the extent permitted by the laws of the State, the District will comply with the requirements of the Code to establish, maintain and preserve the exclusion from “gross income” of interest on the Bonds under the Code.  The District shall not take any action or fail to take any action, nor shall they permit at any time or times any of the proceeds of the Bonds or any other funds of the District to be used directly or indirectly to acquire any securities or obligations the acquisition of which would cause any Bond to be an “arbitrage bond” as defined in the Code or would result in the inclusion of the interest on any Bond in “gross income” under the Code, including, without limitation, (i) the failure to comply with the limitation on investment of the proceeds of the Bonds, (ii) the failure to pay any required rebate of arbitrage earnings to the United States of America, or (iii) the use of proceeds of the Bonds in a manner which would cause the Bonds to be “private activity bonds” under the Code.

(B) The District shall not permit at any time or times any proceeds of the Bonds or any other funds of the District to be used, directly or indirectly, in a manner which would result in exclusion of interest on any Bond from the treatment afforded by Section 103(a) of the Code, as from time to time amended, or any successor provision thereto.

(C) For purposes of paragraphs (A) and (B) above, “interest” shall include any original issue discount properly allocable to the holder of a Bond.

(D) The District has found and determined that the Bonds herein authorized may not be designated as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Code.

SECTION 6.3.  Obligation to Collect Taxes.  The District recognizes that the Governing Authority is bound under the terms and provisions of law, to levy and impose and cause the enforcement and collection the ad valorem taxes which secure issuance of the Bonds, and to provide for the proper application thereof, until all of the Bonds have been retired as to both principal and interest.  Nothing herein contained shall be construed to prevent the Governing Authority from altering or amending from time to time as may be necessary the resolutions and/or ordinances adopted providing for the levying, imposition, enforcement and collection of the ad valorem taxes or any subsequent resolution and/or ordinance providing therefor, provided that such alterations or amendments shall not be made in any manner which would impair the rights of the Owners from time to time of the Bonds or which would in any way jeopardize the prompt payment of principal thereof and interest thereon.  The resolutions and/or ordinances imposing the ad valorem taxes and pursuant to which the ad valorem taxes are being levied, collected and allocated, and the obligation to continue to levy, collect and allocate the ad valorem taxes and to apply the Pledged Tax Revenues in accordance with the provisions of this Bond Resolution, shall be irrevocable until the Bonds have been paid in full as to both principal and interest, and shall not be subject to amendment in any manner which would impair the rights of the Owners from time to time of the Bonds or which would in any way jeopardize the prompt payment of principal thereof and interest thereon.  More specifically, neither the Legislature of Louisiana, nor the District may discontinue the ad valorem taxes or permit to be discontinued the ad valorem taxes in anticipation of the collection of which the Bonds have been issued or in any way make any change in ad valorem taxes which would diminish the amount of the Pledged Tax Revenues to be received by the District until all of the Bonds shall have been retired as to both principal and interest.

SECTION 6.4.  Indemnity Bonds.  So long as any of the Bonds are outstanding and unpaid, the District shall require all of its officers and employees who may be in a position of authority or in possession of money derived from collection of the ad valorem taxes, to obtain or be covered by a blanket fidelity or faithful performance bond, or independent fidelity bonds written by a responsible indemnity company in amounts adequate to protect the District from loss.

SECTION 6.6.  District to Maintain Books and Records.  So long as any of the Bonds are outstanding and unpaid in principal or interest, the District shall maintain and keep proper books of records and accounts separate and apart from all other records and accounts in which shall be made full and correct entries of all transactions relating to the collection and expenditure of the receipts of the ad valorem taxes, including specifically but without limitation, all reasonable and necessary costs and expenses of collection.  Not later than six (6) months after the close of each Fiscal Year, the District shall cause an audit of such books and accounts to be made by the Legislative Auditor of the State (or his successor) or by a recognized independent firm of certified public accountants showing the receipts of and disbursements made for the account of the Sinking Funds, and shall provide a copy of such audit to the Insurer immediately upon the completion thereof. 

Such audit shall be available for inspection upon request by the Owners of any of the Bonds and the Insurer.  The District further agrees that the Paying Agent, the Insurer and the Owners of any of the Bonds shall have at all reasonable times the right to inspect the records, accounts and data of the District relating to the ad valorem taxes.

SECTION 6.6.  Pledged Tax Revenues Not Encumbered.  As of this date, the Pledged Tax Revenues are not pledged or encumbered in any way, except to the payment of the Refunded Bonds and other bonds previously issued by the District.

ARTICLE VII

SUPPLEMENTAL BOND RESOLUTIONS

SECTION 7.1. Supplemental Resolutions Effective Without Consent of Owners.  For any one or more of the following purposes and at any time from time to time, a resolution and/or ordinance supplemental hereto may be adopted, which, upon filing with the Paying Agent and the Insurer of a certified copy thereof, but without any consent of Owners, shall be fully effective in accordance with its terms:  (a) to add to the covenants and agreements of the District in the Bond Resolution other covenants and agreements to be observed by the District which are not contrary to or inconsistent with the Bond Resolution as theretofore in effect; (b) to add to the limitations and restriction in the Bond Resolution other limitations and restrictions to be observed by the District which are not contrary to or inconsistent with the Bond Resolution as theretofore in effect; (c) to surrender any right, power or privilege reserved to or conferred upon the District by the terms of the Bond Resolution, but only if the surrender of such right, power or privilege is not contrary to or inconsistent with the covenants and agreements of the District contained in the Bond Resolution; (d) to cure any ambiguity, supply any omission, or cure or correct any defect or inconsistent provision of the Bond Resolution; or (e) to insert such provisions clarifying matters or question arising under the Bond Resolution as are necessary or desirable and are not contrary to or inconsistent with the Bond Resolution as theretofore in effect.  Notwithstanding the foregoing, no provision of the Bond Resolution expressly recognizing or granting rights in or to the Insurer may be amended in any manner which affects the rights of the Insurer under the Bond Resolution without the prior written consent of the Insurer.

SECTION 7.2.  Supplemental Resolutions Effective With Consent of Owners.  Except as provided in Section 7.1, any modification or amendment of the Bond Resolution or of the rights and obligations of the District and of the Owners of the Bonds hereunder, in any particular, may be made by a supplemental resolution, with the written consent of the Owners of a majority of the Bond Obligation at the time such consent is given.  No such modification or amendment shall permit a change in the terms of redemption or maturity of the principal of any outstanding Bond or of any installment of interest thereon or a reduction in the principal amount or the redemption price thereof or in the rate of interest thereon without the consent of the Owner of such Bond, or shall reduce the percentages of Bonds the consent of the Owner of which is required to effect any such modification or amendment, or change the obligation of the District to levy and collect the ad valorem taxes for payment of the Bonds as provided herein, without the consent of the Owners of all of the Bonds then outstanding, or shall change or modify any of the rights or obligations of the Paying Agent without its written assent thereto.  For purposes of this Section, Bonds shall be deemed to be affected by a modification or amendment of the Bond Resolution if the same adversely affects or diminishes the rights of the Owners of said Bonds.  The consent of the Insurer shall be required (i) in addition to Bondholder consent, when required, for the adoption of any supplemental resolution, and all supplemental resolutions must be filed with the Insurer immediately upon adoption, (ii) for removal of the Paying Agent and selection and appointment of any successor paying agent; and (iii) initiation or approval of any action not described in (i) or (ii) above which requires Bondholders consent.

ARTICLE VIII

PARITY BONDS

SECTION 8.1.  Issuance of Parity Bonds.  All of the Bonds shall enjoy complete parity of lien on the Pledged Tax Revenues despite the fact that any of the Bonds may be delivered at an earlier date than any other of the Bonds.  The District may issue other bonds or obligations payable from or enjoying a lien on the Pledged Tax Revenues on a parity with the Bonds.

The Bonds or any part thereof, including interest and redemption premiums thereon, may be refunded and the refunding bonds so issued shall enjoy complete equality of lien with the portion of the Bonds which is not refunded, if there be any, and the refunding bonds shall continue to enjoy whatever priority of lien over subsequent issues may have been enjoyed by the Bonds refunded.

ARTICLE IX

REMEDIES ON DEFAULT

SECTION 9.1.  Events of Default.  If one or more of the following events (in this Bond Resolution called Events of Default) shall happen, that is to say,

(a) if default shall be made in the due and punctual payment of the principal of any Bond when and as the same shall become due and payable, whether at maturity or otherwise (in determining whether a principal payment default has occurred, no effect shall be given to payments made under the Financial Guaranty Insurance Policy); or

(b) if default shall be made in the due and punctual payment of any installment of interest on any Bond when and as such interest installment shall become due and payable (in determining whether an interest payment default has occurred, no effect shall be given to payments made under the Municipal Issue Insurance Policy); or

(c) if default shall be made by the District in the performance or observance of any other of the covenants, agreements or conditions on its part in the Bond Resolution, any supplemental resolution or in the Bonds contained and such default shall continue for a period of forty-five (45) days after written notice thereof to the District by the Insurer or the Owners of not less than 25% of the Bond Obligation (as defined in the Bond Resolution); or

(d) if the District shall file a petition or otherwise seek relief under any Federal or State bankruptcy law or similar law;

then, upon the happening and continuance of any Event of Default, the Insurer and the Owners of the Bonds shall be entitled to exercise all rights and powers for which provision is made under Louisiana law; provided, however, that the exercise of remedies at the direction of the Owners is subject to the prior written consent of the Insurer, and the Insurer, acting alone, shall have the exclusive right to direct any action or remedy to be undertaken so long as it is not then in default of its payment obligations under the Financial Guaranty Insurance Policy.  Under no circumstances may the principal or interest of any of the Bonds be accelerated.  The District shall notify the Insurer immediately upon the occurrence of any Event of Default.  No Event of Default shall be waived without the consent of the Insurer.  All remedies shall be cumulative with respect to the Paying Agent, the Owners and the Insurer; if any remedial action is discontinued or abandoned, the Paying Agent, the Owners and the Bond Insurer shall be restored to the former positions.

SECTION 9.2.  Notice to Insurer of Events of Default.  The Paying Agent shall provide the Insurer with immediate notice of any payment default, and notice of any other default known to the Paying Agent within five Business Days of the Paying Agent’s knowledge thereof.

ARTICLE X

CONCERNING FIDUCIARIES

SECTION 10.1. Paying Agent; Appointment and Acceptance of Duties.  The District will at all times maintain a Paying Agent having the necessary qualifications for the performance of the duties described in this Bond Resolution.  The designation of Argent Trust, a Division of National Independent Trust Company, in the City of Ruston, Louisiana, as the initial Paying Agent is hereby confirmed and approved.  The Paying Agent shall signify its acceptance of the duties and obligations imposed on it by the Bond Resolution by executing and delivering an acceptance of its rights, duties and obligations as Paying Agent set forth herein in form and substance satisfactory to the District.

SECTION 10.2.  Successor Paying Agent.  Any successor Paying Agent shall (i) be a trust company or bank in good standing, located in or incorporated under the laws of the State, duly authorized to exercise trust powers, (ii) have a combined capital, surplus and undivided profits of at least $30,000,000, or assets under management of at least $25,000,000, (iii) be subject to supervision or examination by Federal or state authority, and (iv) be acceptable to the Insurer.  No resignation or removal of the Paying Agent shall become effective until a successor has been appointed and has accepted the duties of Paying Agent, and until written notice thereof shall have been given to the Insurer.  The Insurer shall have the right to remove the Paying Agent upon written notice to the District and the Paying Agent.  Any successor Paying Agent, if applicable, shall not be appointed unless the Insurer approves such successor in writing.  Notwithstanding any other provision of this Bond Resolution, in determining whether the rights of the Bondholders will be adversely affected by any action taken pursuant to the terms and provisions of this Bond Resolution, the Paying Agent shall consider the effect on the Bondholders as if there were no Municipal Bond New Issue Insurance Policy.

ARTICLE XI

MISCELLANEOUS

SECTION 11.1.  Defeasance.  (a) If the District shall pay or cause to be paid to the Owners of all Bonds then outstanding, the principal and interest to become due thereon, and any amounts which may be then payable by the District with respect to the Municipal Bond New Issue Insurance Policy to the Insurer, at the times and in the manner stipulated therein and in this Bond Resolution, then the covenants, agreements and other obligations of the District to the Bondholders and to the Insurer shall be discharged and satisfied.  In such event, the Paying Agent shall, upon the request of the District, execute and deliver to the District all such instruments as may be desirable to evidence such discharge and satisfaction and the Paying Agent shall pay over or deliver to the District any moneys, securities and funds held by it pursuant to the Bond Resolution which are not required for the payment or redemption of Bonds not theretofore surrendered for such payment or redemption.

(b) Bonds or interest installments for the payment of which sufficient Defeasance Obligations shall have been set aside and held in trust by the Paying Agent or an escrow agent (through deposit by the District of funds for such payment or redemption or otherwise) at a maturity date thereof shall be deemed to have been paid within the meaning and with the effect expressed in paragraph (a) of this Section.

Any Bond shall, prior to maturity thereof, be deemed to have been paid within the meaning and with the effect expressed in paragraph (a) of this Section if (i) there shall have been deposited with the Paying Agent or an escrow agent Defeasance Obligations, in the amounts and having such terms as are necessary to provide moneys (whether as principal or interest) in an amount sufficient to pay when due the principal thereof, together with all accrued interest and (ii) the adequacy of the Defeasance Obligations so deposited to pay when due the principal and all accrued interest shall have been verified by an independent certified public accountant.

No defeasance shall be effective unless the Insurer shall be provided with a copy of the accountant’s verification referred to in (iii) above, together with an opinion of Bond Counsel, addressed to the District, the Insurer and the Paying Agent, that the Bonds are no longer Outstanding under the Bond Resolution and the laws of the State.  In connection with the defeasance of any of the Bonds, the escrow agreement shall provide that no substitution of any Defeasance Obligation shall be permitted except with other qualifying Defeasance Obligations and with upon delivery of a new accountant’s verification and opinion of Bond Counsel.

Neither Defeasance Obligations deposited pursuant to this Section nor principal or interest payments on any such securities shall be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal or redemption price, if applicable, and interest to become due on the Bonds; provided that any cash received from such principal or interest payments on such Defeasance Obligations shall, if permitted by the Code, and to the extent practicable, be reinvested in Defeasance Obligations maturing at times and in amounts sufficient to pay when due the principal or redemption price, if applicable, and interest to become due on said Bonds on and prior to such redemption date or maturity date thereof, as the case may be.

Notwithstanding the foregoing, amounts paid by the Insurer under the Municipal Bond New Issue Insurance Policy shall not be deemed to be paid or defeased and shall continue to be due and owing until paid by the District in accordance with this Bond Resolution.  All covenants, agreements and other obligations of the District to the Bondholders shall continue to exist and shall run to the benefit of the Insurer, and the Insurer shall be subrogated to the rights of such Bondholders.

SECTION 11.2.  Evidence of Signatures of Bondholders and Ownership of Bonds. (a) Any request, consent, revocation of consent or other instrument which the Bond Resolution may require or permit to be signed and executed by the Owners may be in one or more instruments of similar tenor, and shall be signed or executed by such Owners in person or by their attorneys-in-fact appointed in writing.  Proof of (i) the execution of any such instrument, or of an instrument appointing any such attorney, or (ii) the ownership by any person of the Bonds shall be sufficient for any purpose of the Bond Resolution (except as otherwise therein expressly provided) if made in the following manner, or in any other manner satisfactory to the Paying Agent, which may nevertheless in its discretion require further or other proof in cases where it deems the same desirable:

1. The fact and date of execution by any Owner or his attorney-in-fact of such instrument may be proved by the certificate, which need not be acknowledged or verified, of an officer of a bank or trust company or of any notary public or other officer authorized to take acknowledgments of deeds, that the person signing such request or other instrument acknowledged to him the execution thereof, or by an affidavit of a witness of such execution, duly sworn to before such notary public or other officer.  Where such execution is by an officer of a corporation or association or a member of a partnership, on behalf of such corporation, association or partnership, such certificate or affidavit shall also constitute sufficient proof of his authority;

2. The ownership of Bonds and the amount, numbers and other identification, and date of owning the same shall be proved by the registration books of the Paying Agent.

(b) Any request or consent by the Owner of any Bond shall bind all future Owners of such Bond in respect of anything done or suffered to be done by the District or the Paying Agent in accordance therewith.

SECTION 11.3.  Moneys Held for Particular Bonds.  The amounts held by the Paying Agent for the payment due on any date with respect to particular Bonds shall, on and after such date and pending such payment, be set aside on its books and held in trust by it, without liability for interest, for the Owners of the Bonds entitled thereto.

SECTION 11.4.  Parties Interested Herein.  Nothing in the Bond Resolution expressed or implied is intended or shall be construed to confer upon, or to give to, any person or corporation, other than the District, the Insurer, the Paying Agent and Owners of the Bonds any right, remedy or claim under or by reason of the Bond Resolution or any covenant, condition or stipulation thereof; and all the covenants, stipulations, promises and agreements in the Bond Resolution contained by and on behalf of the District shall be for the sole and exclusive benefit of the District, the Insurer, the Paying Agent and Owners of the Bonds.

SECTION 11.5.  No Recourse on the Bonds.  No recourse shall be had for payment of principal of or interest on the Bonds or for any claim based thereon or on this Bond Resolution against any member of the Governing Authority or officer of the District or any person executing the Bonds.

SECTION 11.6.  Successors and Assigns.  Whenever in this Bond Resolution the District are named or referred to, it shall be deemed to include their successors, and assigns and all the covenants and agreements in this Bond Resolution contained by or on behalf of the District shall bind and inure to the benefit of their successors, and assigns whether so expressed or not.

SECTION 11.7.  Subrogation.  In the event the Bonds herein authorized to be issued, or any of them, should ever be held invalid by any court of competent jurisdiction, the Owner or Owners thereof, or the Insurer, shall be subrogated to all the rights and remedies against the District had and possessed by the Owner or Owners of the Refunded Bonds.

SECTION 11.8.  Severability.  In case any one or more of the provisions of the Bond Resolution or of the Bonds issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of the Bond Resolution or of the Bonds, but the Bond Resolution and the Bonds shall be construed and enforced as if such illegal or invalid provisions had not been contained therein.  Any constitutional or statutory provision enacted after the date of the Bond Resolution which validates or makes legal any provision of the Bond Resolution or the Bonds which would not otherwise be valid or legal shall be deemed to apply to this Bond Resolution and to the Bonds.

SECTION 11.9.  Publication of Bond Resolution; Peremption.  This Bond Resolution shall be published one time in the official journal of the Governing Authority; however, it shall not be necessary to publish any exhibits hereto if the same are available for public inspection and such fact is stated in the publication.  For thirty days after the date of publication, any person in interest may contest the legality of this Bond Resolution, any provision of the Bonds, the provisions therein made for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to the authorization and issuance of the Bonds.  After the said thirty days, no person may contest the regularity, formality, legality or effectiveness of this Bond Resolution, any provisions of the Bonds to be issued pursuant hereto, the provisions for the security and payment of the Bonds and the validity of all other provisions and proceedings relating to their authorization and issuance, for any cause whatever.  Thereafter, it shall be conclusively presumed that the Bonds are legal and that every legal requirement for the issuance of the Bonds has been complied with.  No court shall have authority to inquire into any of these matters after the said thirty days.

SECTION 11.10.  Execution of Documents.  In connection with issuance and sale of the Bonds, the Executive Officers are each authorized, empowered and directed to execute on behalf of the District such documents, certificates and instruments as they may deem necessary, upon the advice of Bond Counsel, to effect the transactions contemplated by this Bond Resolution, the signatures of the Executive Officers on such documents, certificates and instruments to be conclusive evidence of the due exercise of the authority granted hereunder.

SECTION 11.11.  Recordation.  A certified copy of this Bond Resolution shall be filed and recorded as soon as possible in the Mortgage Records of the Parish of Calcasieu, State of Louisiana.

ARTICLE XII

SALE OF BONDS

SECTION 12.1.  Sale of Bonds. The Bonds are hereby awarded to and sold to the Underwriters at a price and under terms and conditions to be established in the Supplemental Bond Resolution, and pursuant to a Bond Purchase Agreement in form substantially as attached hereto as Exhibit B, and after their execution, registration by the Secretary of State and authentication by the Paying Agent, the Bonds shall be delivered to the Underwriters or their agents or assigns, upon receipt by the District of the agreed purchase price.  The Executive Officers are hereby authorized, empowered and directed to deliver or cause to be executed and delivered all documents required to be executed on behalf of the District or deemed by them necessary or advisable to implement this Bond Resolution or to facilitate the sale of the Bonds.

SECTION 12.2.  Official Statement.  The District hereby approves the form and content of the Preliminary Official Statement pertaining to the Bonds, as submitted to the District, and hereby ratifies its prior use in connection with offering and sale of the Bonds.  The District further approves the form and content of the final Official Statement and hereby authorizes and directs execution thereof by the Executive Officers and delivery of such final Official Statement to the Underwriter for use in connection with the public offering of the Bonds.

SECTION 12.3.  Executive Officers Determine Bond Terms.  The Executive Officers are hereby designated as representatives of the District and are authorized to accept and execute on behalf of the District an offer of the Underwriters for purchase of the Bonds as expressly set forth in the Bond Purchase Agreement, provided (i) a financial guaranty insurance policy is obtained for the Bonds, and (ii) the offer of purchase by the Underwriters is received by the Executive Officers by not later than May 5, 2009, and such offer sets an average interest rate of less than 4.00% per annum, and a sales price of the Bonds at not less than 99.3% of the par value thereof (exclusive of bond insurance premium), plus accrued interest to the date of delivery of the Bonds.  The Executive Officers may, in their discretion, establish on behalf of the District the par value of the Bonds, the interest rates payable thereon as well as the annual principal maturities thereof.

The Executive Officers be and they are hereby authorized and directed to take all actions in conformity with the Act, if necessary, or reasonably required to effectuate the issuance, sale and delivery of the Bonds and shall take all action necessary or desirable in conformity with the Act for carrying out, giving effect to and consummating the transactions contemplated by the Bonds, this Bond Resolution, the Bond Purchase Agreement, the Preliminary Official Statement and the Final Official Statement, including without limitation, the execution and delivery of any closing documents in connection with the issuance, sale and delivery of the Bonds.  The Executive officers are specifically authorized to approve such changes to said documents as are necessary and appropriate and not contrary to the general tenor thereof, such approval to be conclusively evidenced by such execution thereof.

ARTICLE XIII

REDEMPTION OF REFUNDED BONDS

SECTION 13.1.  Call for Redemption.  Subject only to delivery of the Bonds, the Refunded Bonds are hereby irrevocably called for redemption on the date of delivery of the Bonds, at a redemption price of 100% of the principal amount of each bond so redeemed, and accrued interest to the date of redemption, in compliance with the resolution authorizing their issuance.

SECTION 13.2.  Notice of Redemption.  In accordance with the resolution authorizing issuance of the Refunded Bonds, notice of redemption in substantially the form attached hereto as Exhibit D, shall be given by means of first class mail (postage prepaid) not less than thirty (30) days prior to the date fixed for redemption, addressed to the registered owner of each bond to be redeemed at his address as shown on the registration books of the paying agent for the Refunded Bonds.

ARTICLE XIV

PROVISIONS RELATING TO INSURER

SECTION 14.1.  Notices and Information to Insurer.  The District agrees to provide the Insurer with the following information:

(i) Within 120 days after the end of each Fiscal Year of the District, the District’s budget for the new year, annual audited financial statements (as soon as available if not within 120 days), and, if not presented in the audited financial statements, a statement of the Pledged Tax Revenues pledged to payment of the Bonds in such Fiscal Year;

(ii) Official Statement or other disclosure, if any, prepared in connection with issuance of additional debt, whether or not it is on parity with the Bonds within 30 days after the sale thereof; and

(iii) Such additional information as the Insurer may reasonably request from time to time.

The District further agrees to notify the Insurer of any failure of the District to provide relevant notices, certificates and other information required of the District pursuant to this Bond Resolution.

The District will permit the Insurer to discuss the affairs, finances and accounts of the District or any information the Insurer may reasonably request regarding the security for the Bonds with appropriate officers of the District, and to have access and to make copies of all books and records relating to the Bonds at any reasonable time.

In the event the District fails to comply with the requirements set forth in (i) through (iv) above, the Insurer shall have the right to direct an accounting at the District’s expense, and the District’s failure to comply with such direction within thirty (30) days after receipt of written notice of the direction from the Insurer shall be deemed a default hereunder; provided, however, that if compliance cannot occur within such period, then such period will be extended so long as compliance is begun within such period and diligently pursued, but only if such extension would not materially adversely affect the interests of any Owner of the Bonds.

Notwithstanding any other provision of this Bond Resolution, the District shall immediately notify the Insurer if at any time there are insufficient moneys to make any payments of principal and/or interest as required and immediately upon the occurrence of any event of default hereunder.

SECTION 14.2.  Payment Procedure Under Financial Guaranty Insurance Policy.  For so long as the Financial Guaranty Insurance Policy shall be in full force and effect, the District and the Paying Agent agree to comply with the following provisions:

(a) At least one (1) day prior to all Interest Payment Dates the Paying Agent will determine whether there will be sufficient funds in the Sinking Funds to pay the principal of or interest on the Bonds on such Interest Payment Date.  If the Paying Agent determines that there will be insufficient funds in such Sinking Funds, the Paying Agent shall so notify the Insurer.  Such notice shall specify the amount of the anticipated deficiency, the Bonds to which such deficiency is applicable and whether such Bonds will be deficient as to principal or interest, or both.  If the Paying Agent has not so notified the Insurer at least one (1) day prior to an Interest Payment Date, the Insurer will make payments of principal or interest due on the Bonds on or before the first (1^st) day next following the date on which the Insurer shall have received notice of nonpayment from the Paying Agent.

(b) The Paying Agent shall after giving notice to the Insurer as provided in (a) above, make available to the Insurer any, at the Insurer’s direction, to the insurance trustee for the Insurer or any successor insurance trustee (the “Insurance Trustee”), the registration books of the District maintained by the Paying Agent and all records relating to the Sinking Fund maintained under this Bond Resolution.

(c) The Paying Agent shall provide the Insurer and the Insurance Trustee with a list of registered Owners of the Bonds entitled to receive principal or interest payments from the Insurer under the terms of the Financial Guaranty Insurance Policy, and shall make arrangements with the Insurance Trustee (i) to mail checks or drafts to the registered Owners of Bonds entitled to receive full or partial interest payments from the Insurer and (ii) to pay principal upon Bonds surrendered to the Insurance Trustee by the registered Owners of Bonds entitled to receive full or partial principal payments from the Insurer.

(d) The Paying Agent shall at the time it provides notice to the Insurer pursuant to (a) above, notify registered Owners of Bonds entitled to receive payment of principal or interest thereon from the Insurer (i) as to the fact of such entitlement, (ii) that the Insurer will remit to them all or part of the interest payments next coming due upon proof of Bondholder entitlement to interest payments and delivery to the Insurance Trustee, in form satisfactory to the Insurance Trustee, of an appropriate assignment of the registered Owner’s right to payment, (iii) that should they be entitled to receive full payment of principal from the Insurer, they must surrender their Bonds (along with an appropriate instrument of assignment in form satisfactory to the Insurance Trustee to permit ownership of such Bonds to be registered in the name of the Insurer) for payment to the Insurance Trustee, and not the Paying Agent, and (iv) that should they be entitled to receive partial payment of principal from the Insurer, they must surrender their Bonds for payment thereon first to the Paying Agent who shall note on such Bonds the portion of the principal paid by the Paying Agent, and then, along with an appropriate instrument of assignment in form satisfactory to the Insurance Trustee, to the Insurance Trustee, which will then pay the unpaid portion of principal.

(e) In the event that the Paying Agent has notice that any payment of principal of or interest on a Bond which has become due for payment and which is made to a Bondholder by or on behalf of the District has been deemed a preferential transfer and theretofore recovered from its registered Owner pursuant to the United States Bankruptcy Code by a trustee in bankruptcy in accordance with the final, nonappealable order of a court having competent jurisdiction, the Paying Agent shall at the time the Insurer is notified pursuant to (a) above, notify all registered Owners that in the event any registered Owner's payment is so recovered, such registered owner will be entitled to payment from the Insurer to the extent of such recovery if sufficient funds are not otherwise available, and the Paying Agent shall furnish to the Insurer its records evidencing the payments of principal of and interest on the Bonds which have been made by the Paying Agent and subsequently recovered from registered Owners and the dates on which such payments were made.

(f) In addition to those rights granted the Insurer under this Bond Resolution, the Insurer shall, to the extent it makes payment of principal of or interest on Bonds, become subrogated to the rights of the recipients of such payments in accordance with the terms of the Financial Guaranty Insurance Policy, and to evidence such subrogation (i) in the case of subrogation as to claims for past due interest, the Paying Agent shall note The Insurer's rights as subrogee on the registration books of the District maintained by the Paying Agent, upon receipt from the Insurer of proof of the payment of interest thereon to the registered Owners of the Bonds, and (ii) in the case of subrogation as to claims for past due principal, the Paying Agent shall note the Insurer's rights as subrogee on the registration books of the District maintained by the Paying Agent upon surrender of the Bonds by the registered Owners thereof together with proof of the payment of principal thereof.

SECTION 14.3.  Insurer As Third Party Beneficiary.  To the extent that this Bond Resolution confers upon, gives or grants to the Insurer any right, remedy or claim under or by reason of this Bond Resolution, the Insurer is hereby explicitly recognized as being a third-party beneficiary hereunder and may enforce any such right remedy or claim conferred, given or granted hereunder.

SECTION 14.4.  Notices to Insurer.  Any notices required by this Bond Resolution to be sent to the Insurer shall be addressed as follows:

                                Assured Guaranty Corp.

                                1325 Avenue of the Americas

                                New York, NY 10019

ARTICLE XV

CONTINUING DISCLOSURE UNDERTAKINGtc "ARTICLE XV

CONTINUING DISCLOSURE UNDERTAKING"

SECTION 15.1.  Continuing Disclosure.  The Chief Financial Officer of the District is hereby empowered and directed to execute an appropriate Continuing Disclosure Certificate (substantially in the form set forth in Appendix H of the official statement issued in connection with the issuance and sale of the Bonds) pursuant to S.E.C. Rule 15c2-12(b)(5).

ADOPTED AND APPROVED on this 21^st day of April, 2009.

ELRAY VICTORIAN

/s/President

/s/ Wayne R. Savoy                    

WAYNE R. SAVOY, Secretary

D. Resolution Authorizing Recruitment and Employment/2009-2010 Session

On a motion to approve by Mrs. Ballard and seconded by Mrs. Duhon, the motion carried.

RESOLUTION AUTHORIZING RECRUITMENT AND EMPLOYMENT FOR THE 2009-2010 SESSION

Superintendent Wayne Savoy is hereby authorized to continue the employment and contract for the 2009-2010 session, as needed, those regular, special, state, and federally funded teachers, instructional support personnel, and administrators whose continuous employment with the Calcasieu Parish School Board began on or before January 13, 2009 except in the following cases:

a)             Employees with certification concerns;

b)Employees who have been evaluated less than successful;

c)             Employees assigned to programs wherein deletions may be made, and;

d)Employees assigned to programs wherein students’ participation is considered marginal for funding

Additionally, Superintendent Savoy is hereby authorized to provide Notices of Intent to Employ and/or contracts to those teachers, instructional support personnel, and administrators who began working for the Calcasieu Parish School Board after January 13, 2009, and other employees provided that in each case the items a-d of paragraph one above are met where applicable.

Finally, Superintendent Savoy s hereby authorized to recruit and render personnel decisions pursuant to policy for the 2009-2010 session, staff teaching and instructional support positions, and make adjustments to present teaching and support assignments in order to enhance the instructional program and meet other goals of the district.

__________________________

Elray Victorian, President

Calcasieu Parish School Board

                                                                     CONTINUED EMPLOYMENT

WHEREAS, the schools within the jurisdiction of the Calcasieu Parish School Board will close on Thursday, May 29, 2009 for a regularly scheduled vacation period; and,

WHEREAS, the Calcasieu Parish School Board has approved annual vacation periods and holidays between and within schools sessions; and,

WHEREAS, the Calcasieu Parish School Board does not interrupt the continuous employment of employees as a result of an annual vacation or holiday period; and,

WHEREAS, employees of the Calcasieu Parish School Board do not accrue additional property rights during an annual vacation or holiday period pursuant to the statutes of the State of Louisiana; and,

WHEREAS, the Calcasieu Parish School Board is considering revenues, expenditures, and the staffing allocations pursuant thereto for the ensuing session; and,

WHEREAS, the Calcasieu Parish School Board may alter and revise a proposed budget for the ensuing session until September 15, 2009, therefore,

BE IT RESOLVED, that the Calcasieu Parish School Board offer reasonable assurance of employment to all existing personnel in their present assignments and within the limits of their approved work schedules except those specifically notified appropriately of a change in status pursuant to policy or those employees who may request to resign; and,

BE IT FINALLY RESOLVED that the Superintendent or his designee notify in an appropriate manner, each employee whose assignment is for less than twelve months, of this reasonable assurance of continuous employment.

Elray Victorian, President

Calcasieu Parish School Board

E. Approval of Memorandum of Understanding/CPSB and Louisiana Department of Education/Reynaud Middle School

On a motion to approve by Mrs. Duhon and seconded by Mrs. Bernard, the motion carried.

Mary Morris, Director of Concerned Citizens, spoke regarding the MOU.

The Memorandum of Understanding is available for viewing at 1724 Kirkman Street, as included in the formal Minutes.

F. Disposal of Surplus Uniforms/Sulphur High School

On a motion to approve by Mr. Breaux and seconded by Mr. Webb, the motion carried.

BID REPORTS

A.   Food Service Department/Commodity Flour Processing by Diversion, 2099-2010 Session

On a motion to approve by Mr. Karr and seconded by Mr. Breaux, the motion carried.

The Calcasieu Parish School Food Service Department, acting as group coordinator in behalf of Calcasieu Parish Schools and the School Food Authorities of: Acadia,  Ascension,  Bienville,  Bossier,  Bogalusa  City  Schools, DeSoto, Diocese of Alexandria, Diocese of Baton Rouge, Diocese of  Lafayette, Diocese of Shreveport, East Feliciana, Evangeline, Iberia, Jeff Davis, Jefferson, Lafayette, Lafourche, Livingston, Natchitoches, North East Co-op, South East Co-op, St. Bernard, St. Charles, St. Landry, St. Martin, St. Mary, Tangipahoa, Terrebonne, Vermillion, Washington, West Feliciana, and Zachary Community School Board received and opened bids for USDA Commodity Flour Processing By Diversion, 2009-2010 School Year, on Monday, April 6, 2009 (10:00 A.M.) at its offices located at 726 East College Street, Lake Charles, Louisiana.

Bids were mailed to Accent Marketing, Choice Foods, Plantation Food Services, and Rich Products Corporation.  Instructions to vendors stated that bids were to be awarded on a bottom line total basis to the vendor whose product is most advantageous and acceptable to participating School Food Authorities.  Only one vendor, Rich Products Corporation, responded

  PRODUCTS BID                                    RICH PRODUCTS CORPORATION                                    

Dinner Roll Dough, Whole Grain, 2.09 Ounce, 24# Case ($21.36/Case)                                                                       4.450 .00                                                                                                                                                                                                                         

Dinner Roll, Country Style, Wheat, 1.5 Ounce, 23# Case ($20.01/Case)                                                            2,610.00

Cinnamon Sweet Roll Dough, Petite Size, 1.25 Ounce, 19# Case ($16.15/Case)                                                  4,250.00

Dinner Roll Dough, Wheat, 1.5 Ounce, 23# Case ($14.26/Case)                                                                         1,860.00

Traditional Sweet Roll Dough, 2.5 Ounce, 19# Case ($14.82/Case)                                                                    7,800.00

Traditional Cinnamon Sweet Roll Dough, 4 Ounce, 21# Case ($17.22/Case)                                                       8,200.00

Traditional Cinnamon Sweet Roll Dough, 2.25 Ounce, 17# Case ($15.30/Case)                                                 9,000.00

Fresh and Ready Cinnamon Roll Dough, 2.5 Ounce, 18.75# Case ($30.00/Case)                                                 16,000.00       

Fresh and Ready Cinnamon Roll Dough Without Icing, 4.5 Ounce, 30.37# Case ($35.84/Case)                          11,800.00

Biscuit Dough, Home-Style, 2.5 Ounce, 33.75# Case ($23.63/Case)                                                                     7,000.00

Biscuit Dough, Hand-Split, 2.2 Ounce, 33# Case ($24.75/Case)                                                                          7,500.00

Biscuit Dough, Southern Style, 2.25 Ounce, 30# Case ($24.60/Case)                                                                  8,200.00

Biscuit Dough, Round, Hand-Split, 2.2 Ounce, 33# Case ($24.75/Case)                                                               7,500.00

Biscuit Dough, Whole Grain, 2.25 Ounce, 30.38# Case ($28.86/Case)                                                                6,650.00

BOTTOM LINE TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . .     $  102,820.00 

                                                ____________________________________________________________________________________________________________

The staff recommends acceptance of the bid from Rich Products Corporation as all products meet specifications.         

B.   Copy Paper for Calcasieu Parish School Board, Bid #2009-34

On a motion to approve by Mr. Karr and seconded by Mr. Breaux, the motion carried.

BID FOR COPY PAPER FOR THE CALCASIEU PARISH SCHOOL BOARD.

8 ½” x 11” and 8 ½ “ x 14” Sizes

BID NUMBER 2009-34, WAS OPENED APRIL 1, 2009.

BIDS WERE SENT TO THE FOLLOWING VENDORS:

ECONOMICAL JANITORIAL                                               

KNIGHT MEDIA

MAC PAPER          

MYOFFICEPRODUCTS.COM

XEROX

UNISOURCE

THE STAFF RECOMMENDS ACCEPTING THE LOW BID FOR EACH ITEM MEETING SPECIFICATIONS.

IF ACCEPTED, TOTALS WILL BE AS FOLLOWS:

                VENDOR NAME                                                                    BID PRICE

                ECONOMICAL                                                                       $365,306.00                                                           

                MAC PAPER                                                                           $367,232.00

                UNISOURCE                                                                           $354,390.60

                XEROX                                                                                   $343,566.60

                KNIGHT MEDIA                                                               NO BID SUBMITTED

                MYOFFICEPRODUCTS.COM                                            NO BID SUBMITTED

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS FROM XEROX FOR 8 ½ “ x 11” PAPER FOR THE TOTAL AMOUNT OF $ 341,241.60.

AND FROM UNISOURCE FOR 8 ½ “ X 14” PAPER FOR THE TOTAL AMOUNT OF $1,725.50.

C.  Hand Towels and Dispensers for Calcasieu Parish Schools, Bid #2009-36

On a motion to approve by Mr. Karr and seconded by Mr. Breaux, the motion carried.

BID FOR HAND TOWELS & DISPENSERS FOR ALL CALCASIEU PARISH SCHOOL SITES.

BID NUMBER 2009-36, WAS OPENED APRIL 7, 2009.

BIDS WERE SENT TO THE FOLLOWING VENDORS:

ECONOMICAL JANITORIAL                                               

LAKE CITY SUPPLY

H & H CHEMICALS

A+ CHEMICAL

S & M FOOD SERVICE

ZEP SUPERIOR SOLUTIONS

BID TOTALS ARE AS FOLLOWS:

                VENDOR NAME                                                                    BID PRICE

                Economical Janitorial                                                          $3.00 (Credit/Dispenser)                                                                                                                                                     $5.96 per roll

                Lake City Supply                                                     No Bid Submitted                                                     H & H Chemicals                                                     No Bid Submitted                    

                A+ Chemical                                                         $3.00 (Credit/Dispenser)     

                                                                                                                $5.407 per roll

                S & M Food Service                                                 NO BID SUBMITTED                                             

                Zep Superior Solutions                                                                 NO BID SUBMITTED

                Unisource                                                                              $3.00 (Credit/Dispenser)

                                                                                                                $6.75 per roll        

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS TO

A + CHEMICAL FOR A TOTAL OF:   $ 16,221.00 WITH A DISPENSER CREDIT OF $3.00 PER DISPENSER FOR 3,000 UNITS.

D.   Janitorial Supplies for Calcasieu Parish School Board, Bid #2009-33

On a motion to approve by Mr. Karr and seconded by Mr. Breaux, the motion carried

BID FOR JANITORIAL SUPPLIES FOR THE CALCASIEU PARISH SCHOOL BOARD.

BID NUMBER 2009-33, WAS OPENED MARCH 30, 2009.

BIDS WERE SENT TO THE FOLLOWING VENDORS:

A+ CHEMICAL                                                                       GRAYBAR ELECTRIC

H & H CHEMICAL                                                                 LAKE CITY SUPPLY

ECONOMICAL JANITORIAL                                                                       S & M FOOD SERVICE

TEACHER’S PET                                                                   ZEP SUPERIOR SOLUTIONS

THE STAFF RECOMMENDS ACCEPTING THE LOW BID FOR EACH ITEM MEETING SPECIFICATIONS.

IF ACCEPTED, TOTALS WILL BE AS FOLLOWS:

                VENDOR NAME                                                                    BID PRICE

                A+ CHEMICAL                                                                       BID SUBMITTED LATE

                GRAYBAR                                                                                               BID SUBMITTED LATE

                LAKE CITY SUPPLY                                                                             $949.00

                ECONOMICAL JANITORIAL                                                                      $74,030.52

                S & M FOOD SERVICE                                                                                 $0.00

                H & H CHEMICAL                                                                 NO BID SUBMITTED

                ZEP SUPERIOR SOLUTION                                                   BID SUBMITTED LATE

                TEACHER’S PET                                                                   NO BID SUBMITTED

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS FROM ECONOMICAL FOR THE TOTAL AMOUNT OF $74,030.52 AND LAKE CITY SUPPLY $949.00.

E.  New Administration, Classrooms, Library Facilities for S.P. Arnett Middle                                                                                                      

     School, School District #23 Bond Funds, Bid #2009-10PC    

On a motion to approve by Mr. Karr and seconded by Mr. Breaux, the motion carried

.

PERMISSION TO ADVERTISE

  A.  Printing of Annual Forms for Calcasieu Parish School Board/School 

       Term 2009-2010    

       On a motion to approve by Mr. Webb and seconded by Mr. Victorian, the   

       motion carried.

CORRESPONDENCE

A. Change Order #Seven (7) for the Project “Classroom Pods Phase VI,” Bid                         #2007-06PC; Riverboat Funds; Miller & Associates, Contractor; C.R. Fugatt,                    AIA, Designer; Increase of $16,585.00.

On a motion to approve by Mr. LaRocque and seconded by Mr. Webb, the motion carried.

B. Change Order #One (1) for the Project, “Additions and Improvements at                            W.W. Lewis Middle School,” District # 30 Bond Funds; Bid #2009-04PC;                        Miller & Associates, Contractor; C.R. Fugatt, AIA, Designer; Increase of                          $10,970.00.

On a motion to approve by Mr. Burleigh and seconded by Mr. Breaux, the motion carried.

C.  Recommendation of Acceptance for the Project, “Resurfacing of Westlake                         High School Running Track, “ Bid #2009-06PC, District #23 Bond Funds;                        Asphalt Associates, Inc., Contractor; King Architects, Inc., Architect.

On a motion to approve by Mr. Burleigh and seconded by Mr. Breaux, the motion carried.

SUPERINTENDENT’S REPORT

Mr. Savoy reported on the following:

l. Recognition of LeBleu Settlement Elementary and Western Heights Elementary as being chosen by the Louisiana Department of Education as High Performing/High Poverty Schools

2. Lake Charles-Boston Academy Television Production students winning 3^rd place award for a short film at the Student Television Network Convention in Orlando, Florida

3. Sam Houston High School Varsity Winterguard winning 1^st place at the Marching Auxiliaries National Dance and Auxiliary Championship in Fort Worth, Texas

4. The Calcasieu Parish Wind Symphony (composed of high school band students throughout the parish who are enrolled at the Lake Charles-Boston Academy Music Mastery Class) received the top rating from all judges and earned a sweepstakes award for superior concert performance and superior sightreading at the District V Band Festival on March 17, 2009.

5. The Calcasieu Middle School All-Parish Band (composed of middle school band students who are enrolled in the Lake Charles-Boston Academy Music Mastery Class) received a rating of excellent in concert performance and superior in sightreading.

He reported that a record number of Calcasieu school musical groups qualified for the State Music Festival at the District V Choral and Band Festival, held on March 17-19, 2009.

CONDOLENCES AND RECOGNITION

Mr. Webb asked for a letter of condolence to the family of Mrs. Brad Daigle. He asked for letters of appreciation to the Stream Family and to the Kiwanis Club, for the AED donations.

Mr. Breaux asked for a letter of condolence to the family of Mr. Lynn Cooper.

Mrs. Duhon told the Board that her husband had lost his brother, Mr. Alvin Duhon. She asked for a letter of recognition to Pam Dixon, for her Lake Charles-Boston Academy television class.

Mr. Burleigh asked for a letter of condolence to the family of Mrs. Rose “Grandmother” Collier.

Mr. LaRocque said that he felt that he needed to stand up for our school system and he is very proud to be a product of our school system.He feels that any of our students in Calcasieu Parish could be matched with any other school in the United States and would come out at the top. He wanted to take the opportunity to thank Mr. Savoy and his staff.

Mr. Bernard asked for a letter of condolence to the family of Mr. Jack Nelson and a letter of condolence to the family of Mrs. Tina Paul. He asked if the absences were going to be excused for students to attend the Just for Jesus Rally. Mr. Miller, Assistant Superintendent, replied that it is not a field trip, but if parents check their student out for the rally, it would be excused. He asked that discipline be addressed in our school system.

Mr. Dellafosse asked for the following letters of condolence:

To the family of Mr. Murphy Ambrose

To the family of Ms. Julie LeMelle

To the family of Mrs. Guillory

To the family of Mr. Alvin Duhon

To the family of Mr. Frank Francis

Mr. Pitre asked for a letter of recognition to Mr. Richard Ieyoub for directing the OnGo Company to contact our system.

Mr. Andrepont asked for a letter of condolence to Mrs. Tina Smith, at the loss of her sister.

COMMITTEE AGENDA ITEMS

Mr. Jongbloed asked for legal counsel to look into the overturning of our desegregation decree.

SCHEDULE COMMITTEES

Budget Committee, April 20, 2009, 4:45 p.m.

A&P Committee, April 20, 2009, 4:45 p.m.

Pupil Personnel Committee, April 23, 2009, 4:45 p.m.

C&I Committee, April 28, 2009, 4:45 p.m.

On a motion by Mr. Karr and seconded by Mr. Victorian, the meeting was adjourned at 6:25 p.m.

­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­________________________                   ___________________________

Elray Victorian, President                              Wayne Savoy, Secretary