11-03-09

DATE, TIME, PLACE OF MEETING

The Calcasieu Parish School Board met in the Board Room of the Calcasieu Parish School Board, located at 3310 Broad Street, Lake Charles, Louisiana, 70615, on Tuesday, November 3, 2009, at 4:45 p.m. The meeting was called to order by Elray Victorian, President. The prayer was led by James Karr. The Pledge of Allegiance was led by Caitlin Kuyper and Kelly Nortman, students at DeQuincy High School.

ROLL CALL

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

Clara Duhon was absent.

MINUTES APPROVED

On a motion by Mr. Karr and seconded by Mr. Andrepont, the Minutes of the regular meeting of October 6, 2009 were approved.

On a motion by Mr. Burleigh and a second by Mr.Karr, the Supplemental Agenda was accepted as a part of the Regular Agenda, by unanimous vote.

PRESENTATIONS

4-H Presentation

Trent Guidry, Calcasieu Parish County Agent, introduced the following to the Board:

Brandon Guillory, State 4-H President

Chris Trahan, presenting the subject of Shooting Sports

Helen Page and Amy Andrews, presenting the subject of the School Gardening Program

Mr. Victorian recognized a visiting group of Boy Scouts.

PERSONNEL PACKET/EXECUTIVE SESSION

On a motion by Mr. Andrepont and second by Mr. Burleigh, the Board adjourned into Executive Session at 5:10 p.m.; Regular Session resumed at 6:31 p.m.

On a motion by Mr. Andrepont to settle the Civil Claim Docket #2009-1018, with a second by Mr. Breaux, the motion carried. ,

PERSONNEL PACKET/TAKE APPROPRIATE ACTION

Mr. Anderson asked for a motion to accept the Personnel Packet, as presented. On a motion by Mr. Burleigh and second by Mr. Karr, the motion carried.

Mr. Anderson asked for a motion supporting the following recommendations:

Carol Shelton as Temporary Principal at DeQuincy Elementary; on a motion by Mr. Karr and second by Mr. Burleigh, the motion carried.

Robert Pete as Temporary Assistant Principal at Washington-Marion High School; on a motion by Mr. Hardy and second by Mr. LaRocque, the motion carried. Mr. Pete will begin this position in January of 2010.

Mary Morris, as a concerned citizen, spoke to the Board regarding the appointment at Washington-Marion High School. Several Board Members replied regarding the relevance of her presentation.

NAME	POSITION	LOCATION	DATES	ADDITIONAL INFORMATION
RESIGNATION
Wilman Madison	Bus Driver	Headstart	10/23/09	Personal reasons
Susanne Jones	Teacher	St. John Elementary	11/30/09	Spouse transferred
Sandra Manela	Teacher Aide	Iowa High	10/02/09	Accepted other employment
Dominque Tillman	Custodian	Sulphur High	09/30/09	Personal reasons
Thomas Carrier	Custodian	Ralph Wilson Elementary	09/30/09	Personal reasons
Terri Weber	Teacher	Dolby Elementary	10/07/09	Personal reasons
Lori Cole	Bus Driver	Nelson Elementary	10/16/09	Personal reasons
Angela Walker	Teacher	Combre/Fondel Elementary	10/12/09	Personal reasons
Saundra Hebert	Bus Driver	F. K. White Middle	10/09/09	Personal reasons
Stacie Brown	Teacher	Kennedy Elementary	10/13/09	Personal reasons
Jamie Manuel	Teacher Aide	Sulphur High	10/16/09	Personal reasons
Dorothy Bryant	Cafeteria Technician	Pearl Watson Elementary	10/14/09	Personal reasons
Karen Thomas	Bus Aide	Brentwood Elementary	10/16/09	Personal reasons
Arturo Cruz	Teacher	Frasch Elementary	10/16/09	Personal reasons
Sarah Johnson	Cafeteria Technician	Gillis Elementary	10/21/09	Personal reasons
Pauline Outerbridge	Bus Aide	Headstart	10/21/09	Personal reasons
RETIREMENT
Betty Gaines	Teacher	Western Heights Elementary	09/29/09
RETIREMENT
Mark Bowman	Custodian	LaGrange High	10/02/09
Joan Duhon	Bus Driver	Washington-Marion High	10/02/09
Gladys Duhon	Printer Technician	Printshop	09/30/09
Helen Savant	Teacher	DeQuincy Elementary	10/01/09
Helen Morein	Clerk	Curriculum & Instruction Dept.	12/31/09
Sherman Lubin	Truck Driver	School Lunch	12/08/09
Rena Buffington	Bus Driver	Moss Bluff Middle	01/12/10
RETIRE-REHIRE
Janet Manuel	Teacher	Iowa High	Retire: 12/13/09 Rehire: 12/15/09
MATERNITY LEAVE
Kelly Petross	Teacher	Sulphur High	1/4/10-3/3/10	Due Date: 1/7/10
Kori Hebert	Cafeteria Technician	Vinton High	11/20/09-2/22/10	Due Date: 12/16/09
Chasity Jenkins-Stewart	Instructional Coach	Curriculum & Instruction Dept.	10/6/09-12/7/09	Due Date: 10/15/09
LEAVE WITHOUT PAY
Janice Ritter	Teacher	LeBleu Settlement Elementary	11/2/09-5/31/10
Stacy Lavoi	Librarian	Kaufman Elementary	11/9/09-12/18/09
PROFESSONAL DEVELOPMENT
Crystal Deshotel	Teacher	St. John Elementary	Spring 2009-2010
Marlene Johnson-Marks	Teacher	J. I. Watson Middle	Spring 2009-2010
MEDICAL LEAVE
Daisy Cole	Teacher	Western Heights Elementary	Fall 2009-2010	Beginning 10/5/09
Cynthia Manuel	Teacher	S. P. Arnett Middle	Spring 2009-2010
RECOMMENDATIONS
Recommend	Temporary Assistant Principal	Washington-Marion High
Recommend	Temporary Principal	DeQuincy Elementary

Mr. Anderson asked for a motion to advertise for the following position:

Temporary Assistant Principal at LaGrange High School; on a motion by Mrs. Ballard and second by Mr. LaRocque, the motion carried.

COMMITTEE REPORTS

C&I Committee, October 28, 2009, Bill Jongbloed, Chair

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

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

Mr. Jongbloed read the following report from the committee meeting. The meeting was for informational purposes only.

AGENDA

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 Randy Burleigh.

A quorum was present.

Dr. George Reado, Director of Elementary Curriculum, presented to the committee.

INTRODUCTORY STATEMENT ON KINDERGARTEN REDESIGN

I would like to take this opportunity to thank you for placing this item on the agenda and allowing me to make an opening statement prior to responding to questions and concerns regarding this process.

I have always believed in the old concept that says hind site is 20/20. I apologize for two factors. First, for some of our teachers, having the introduction to the curriculum alignment was too close to the day before school opened. We would love to have had the entire day, but the district had Dr. Wong presenting in the morning which left us with just the afternoon.

Truly we realized a half day was not adequate time to cover every detail. As a result each Elementary Consultant was required to meet with the teachers at each of their schools to clearly define the changes in the alignment process and answer any questions as well as address any concerns. This process was completed by each of the seven Consultants before the end of the first six weeks period.

Please allow me the opportunity to clarify, what was known as the Redesign, process in our district.

1. It is not program; it is only a support mechanism that aligns the curriculum to assure that the district follows the mandates of the Louisiana State Department of Education. We recognize that the bar has been raised to a much higher level in the last few years by the state as a result of the GLEs and the Comprehensive Curriculum, but we as a Department had not adjusted our local guidelines to meet these standards.

2. Two years ago, the CPSB adopted a new Reading Series for K-5 students. We had the company to inservice all of our teachers on this new series.

3. In 2004 the State of Louisiana provided us with the Grade Level Expectations which have been in place for 5 years, and followed by the Comprehensive Curriculum in 2005 that provided us with the mandates for all grades. This document was most recently updated in 2008.

So exactly what is this alignment for accountability/Redesign all about and what did the Elementary Department do for teachers in terms of support? Keeping in mine that our primary purpose is to evaluate and provide support to teachers in grades K-5 ensuring that local and state Accountability guidelines and expectations are being met. (With that being said, what is new this year?)

1. First, we took the adopted text and the state’s Grade Level Expectations and mapped the curriculum. This document provided teachers with what is required to be taught from the beginning of the school year through the end of the session. This took the department over a year and a half to complete.

2. Second, we strongly felt that parents need to know what is expected of their children, where they are doing well and where improvement is needed. Therefore we developed a letter to go home with the students at the end of each six weeks period clearly explaining the required areas of strength as well as areas where improvement is needed.

3. Third, parents needed to know the progress of their children more than every twelve weeks; as a result we developed a six weeks progress report which mirrors the reporting process in grades 1-12, defining clearly what is being taught and how their child is progressing.

4. Fourth, kindergarten teachers developed what is called STARS, (Strategies to Achieve Remarkable Success). These are activities that teachers give to parents to help their children at home with the identified skills that require additional assistance. The activities are found on the CPSB blackboard each six weeks period.

5. Fifth, in order to maintain records of student achievement, we asked kindergarten teachers to record in their grade books documentation to justify the indicators placed on the progress report. In grades 1-5, we require 10 grades per core subject. However, we set no specific number for kindergarten teachers as we feel teacher judgment, using the rubric provided with the teachable content would be sufficient.

6. Six, we strongly encourage grouping. Grouping merely allows teachers to work with students on their developmentally appropriate levels. Students who have had Pre-K experience generally come with more skills and basic knowledge of many of the GLE requirements; therefore, we must adjust the content to meet their needs. There are those that come to us with no Pre-K background and are struggling with local and state expectations, another group that we must accommodate. Finally, there are students that come to us that are very advanced, many of whom are reading fluently and with comprehension; here again is another group we must address. It is very important to remember that whole class instruction will not address the needs of all of these students.

7. And finally number seven, nap time is defined by the State Department of Education as “rest time/quiet activities”. We did not tell our teachers students could not nap. However, we ask that we

stay within the state requirements of 15% which equates to 57 minutes using the districts’ instructional day. Every child does not need to sleep at the same time. Cutting off the lights for periods as long as 2 hours, which has been observed in some classes, is totally unfair to meeting the needs of students. Rather, we recommend that while some may be taking a nap, the teacher can work with struggling learners in a group setting, while yet others can be involved in center activities. Students should not be punished because they do not go to sleep with the entire class.

These seven steps define the Elementary Curriculum and Instruction Department’s objective in developing the alignment to state accountability. Other curriculum matters are based on the adopted text and the Louisiana Comprehensive Curriculum both of which are mandates beyond our control.

It is the district’s belief that all children are important to us; I fully believe this. The entire process of education is all about meeting the needs of children. When we loose sight of this mission no one suffers but the children.

The Superintendent directed me to conduct a plus/delta and added a third category which is entitled “your solutions.” We have read each and every one of the over one hundred and seventy surveys received. Suggestions received from the teachers that are within our guidelines to reevaluate and adjust, and many of them are, I assure you will be done.

We just completed an online survey for kindergarten teachers where they were given the opportunity to tell us what areas we can provide hands-on direction and assistance to improve their instructional programs. Three staff development inservices are being planned by our department to meet the needs of those that responded to the survey.

Accountability is here to stay. We cannot do the same things over and over and expect different results. Change comes with frustration to many and to others it is a pleasure.

I would also like to thank the many Principals who requested that we add more structure to the kindergarten program and provide more accountability assurances in following the Grade Level Expectations and the Comprehensive Curriculum.

It was my vision, after receiving the Superintendents directive that it would take a minimum of 3 academic school years to fully develop and deliver a developmentally appropriate plan of instruction at the kindergarten level. Again we have listened to the kindergarten teachers’ suggestions and concerns. Any and all that are within our power and in the best interest of children will be addressed appropriately as well as timely.

Mr. Breaux addresses concerns stakeholders input. Understands Kindergarten teachers extremely upset and consider leaving.

1. Grouping

2. Volume of work

3. Amount of paperwork

4. What will validate a grade

5. Stakeholders input

6. Intimidation

7. Teachers hit with this day before school

Dr. Reado addresses concerns. He too has concerns of stakeholders input and is not pleased with the results of the pilot program. Dr. Reado feels that this is a work process that is ongoing.

Mr. Breaux stated that proper training is needed. Students need to be caught while they are young. Need to take a step back. Have a manageable change, as apposed to fixing everything at one time. Don’t come in and just rename the program. Have paraprofessionals help with paperwork, this would take a big load off of the teachers.

Dr. Reado stated that students come to the class in 3 subgroups: a Pre K with experience, a Pre K that has no idea, and a Pre K that might be reading. Consultants are truly doing their job.

Mr. Breaux ask: “What schools have been in alignment since 2004?”

Dr. Reado stated that Dolby and LeBleu Settlement have been in alignment since 2004.

Mr. Victorian stated that the state dedicates the mandates and feels that aides could be used to help teachers. He sees the need for grouping. Pre K is not mandatory, but feels that it will eventually be mandatory.

Ms. Ballard stated that it will take everyone working together. It will take 3 to 5 years. Require mutual respect.

Ms. Duhon stated that she was excited that Kindergarten is going into a new direction. We need to move forward. We must be ready to meet the needs of the children.

Mr. Hardy stated that children have a good guidance tool. Blackboard is a good organizational tool.

Mr. Dellafosse stated that he feels the teachers will be on board.

Dr. Reado stated that teachers have been doing progress reports. The consultants have enhanced the progress reports.

Mr. Dellafosse understands the problems with large classes and that grouping is encouraged. We will support in any way that we can. Is all paperwork necessary?

Dr. Reado stated that with RTI, whole class instruction will not meet the needs of the children.

Progress Reports will eventually be ready online for the teacher to readily send out.

Mr. Karr stated that this is a work in progress. He asked if problems had been addressed and are the teachers aware of what is going on at this time? He stated that rest time is not sufficient rest time.

Dr. Reado stated that rest time is to be 15% of the instructional day. Instructional time is 380 minutes a day. Dr. Reado stated that inservice time and dates are being worked out and that there will be three ½ days of inservice. We can control how we assist teachers at the local level. Structure is primarily coming from the state.

Mr. Karr stated that teachers are very professional and he feels that 90% of teachers are on board.

Mr. Burleigh stated that:

1. There is not enough information

2. Front end loading

3. Is a lack of meaningful 2 way communication

4. Intimidation

5. There is a need to find extra help

6. A need to do a better job of listening to our stakeholders.

Mr. Hardy stated we are moving in the right direction. Data is very important.

Jean Johnson, President of Calcasieu Federation of Teachers addressed the committee.

A motion to adjourn was made at 6:30 p.m. by Mr. Karr, seconded by Ms. Ballard, and carried.

After Mr. Jongbloed read the report, Dr. Reado answered questions from the Board. Mr. Breaux said that he had been visited by several teachers regarding their concerns. He made a motion to pull the progam and send it back to the six pilot schools to have it redefined and then reimplemented next school year. Mr. Guidry seconded the motion. On a vote:

For: Mr. Breaux, Mr. Guidry

Against: Mr. Webb, Mr. Hardy, Mrs. Ballard, Mr. Bernard, Mr. Jongbloed, Mr. Dellafosse, Mr. Pitre, Mr. Burleigh, Mr. Karr, Mr. Andrepont, Mr. LaRocque

The motion did not carry.

TAKE APPROPRIATE ACTION

A. Resolution Ordering and Calling a Special Election for School District 34

On a motion to approve by Mr. Jongbloed and second by Mrs. Ballard, the motion carried.

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

November 3, 2009

The Parish School Board of Calcasieu Parish, Louisiana, governing authority of School District No. 34 of Calcasieu Parish, Louisiana, met in regular public session at 4:45 o’clock p.m. on Tuesday, November 3, 2009, at the regular meeting place of said Board in the Calcasieu Parish School Board Office, 3310 Broad Street, Lake Charles, Louisiana, pursuant to the provisions of 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, Chad Guidry, Fredman Hardy, Bill Jongbloed, James W. Karr, Sr., Bryan LaRocque, James W. Pitre, Elray Victorian and R. L. Webb

ABSENT: Clara Duhon

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

Thereupon, on motion made by Mr. Jongbloed and seconded by Mrs. Ballard, the following resolution was adopted, the vote thereon being as follows:

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

NAYS: None

ABSENT: Mrs. Duhon

NOT VOTING: President Victorain

RESOLUTION

A RESOLUTION ORDERING AND CALLING A SPECIAL ELECTION TO BE HELD IN SCHOOL DISTRICT NO. 34 OF CALCASIEU PARISH, LOUISIANA, ON MARCH 27, 2010, AUTHORIZING THE INCURRING OF DEBT AND ISSUANCE OF BONDS OF SAID DISTRICT; AND MAKING APPLICATION TO THE STATE BOND COMMISSION AND UNITED STATES ATTORNEY GENERAL IN CONNECTION THEREWITH.

SECTION 7. By virtue of the District’s application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission’s approval(s) resolved and set forth herein, the District resolves that it understands and agrees that such approval(s) are expressly conditioned upon, and it further resolves that it understands, agrees and binds itself, its successors and assigns to, full and continuing compliance with the “State Bond Commission Policy on Approval of Proposed Use of Swaps, or other forms of Derivative Products Hedges, Etc.,” adopted by the Commission on July 20, 2006, as to the

borrowing(s) and other matter(s) subject to the approval(s), including subsequent application and approval under said Policy of the implementation or use of any sway(s) or other product(s) or enhancement(s) covered thereby.

SECTION 8. A certified copy of this resolution, together with other showings required by Section 5 of the Voting Rights Act of 1965 and Regulations pertaining thereto (28 C.F.R. Part 51) shall be submitted to the United States Attorney General, for approval in compliance with the said Voting Rights Act, should such a submission be required.

SECTION 9. Certified copies of this Resolution shall be forwarded to the Secretary of State, the Clerk of Court and Ex-Officio Custodian of Voting Machines in and for the Parish of Calcasieu, and the Registrar of Voters, as notification of the special election herein called in order that each may prepare for said election and perform their respective functions as authorized and required by law.

SECTION 10. There being a real public necessity for the retention and employment of legal counsel to provide specialized legal services in connection with the issuance of the Bonds by the District, and it appearing that the public interest requires obtaining of such specialized legal services, Joseph A. Delafield, A Professional Corporation, of Lake Charles, Louisiana (“Bond Counsel”), is hereby employed for such purposes. The fee for the work to be performed by Bond Counsel is contingent upon the issuance, sale and delivery of the Bonds, and shall be in accordance with the maximum fee schedule of the Attorney General of the State of Louisiana for comprehensive legal and coordinate professional work of bond attorneys and bond counsel in the issuance of general obligation bonds.

SECTION 11. All resolutions, ordinances, or orders in conflict herewith, be, to the extent of such conflict, and they are hereby repealed.

Adopted and approved on this 3^rd day of November, 2009.

/s/ Elray Victorian

ELRAY VICTORIAN, President

Calcasieu Parish School Board

ATTEST:

/s/ Wayne R. Savoy

WAYNE R. SAVOY, Secretary

Calcasieu Parish School Board

On a question by Mr. Hardy regarding the use of the bond funds for District 34, Mr. Bruchhaus replied that the funds would be used for renovation and construction, with the possible construction of a ninth grade center at Barbe High School. Mr. Hardy expressed interest in a ninth grade center for his district. Mr. Bruchhaus replied that any district can have a bond issue for a ninth grade center.

B. Resolution Authorizing Publication of Geographic Limits of School District 34

On a motion to approve by Mr. Jongbloed and second by Mrs. Ballard, the motion carried.

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

November 3, 2009

Board in the Calcasieu Parish School Board Office, 3310 Broad Street, Lake Charles, Louisiana, pursuant to the provisions of 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:

ABSENT: Clara Duhon

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

Thereupon, on motion made by Mr. Jongbloed and seconded by Mrs. Ballard, the following resolution was adopted, the vote thereon being as follows:

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

NAYS: None

ABSENT: Mrs. Duhon

NOT VOTING: President Victorain

RESOLUTION

A RESOLUTION AUTHORIZING PUBLICATION OF NOTICE DESCRIBING THE GEOGRAPHIC LIMITS OF SCHOOL DISTRICT NO. 34 OF CALCASIEU PARISH, LOUISIANA

BE IT RESOLVED by the Calcasieu Parish School Board, acting as the governing authority of School District No. 34 of Calcasieu Parish, Louisiana, as follows:

SECTION 1. That the resolution adopted September 21, 1999, creating School District No. 34 of Calcasieu Parish, Louisiana, be and same is hereby ratified, approved and confirmed.

SECTION 2. That the President and Secretary of this Board are empowered, authorized and requested to cause to be published a public notice describing the geographic limits of School District No. 34 of Calcasieu Parish, Louisiana, said publication to be made in the Lake Charles American Press, in the same edition as the Notice to Voters is published, pertaining to the special bond and tax election authorized for School District No. 34 of Calcasieu Parish, Louisiana, by resolution adopted this date.

Adopted and approved this 3^rd day of November, 2009.

/s/ Elray Victorian

Elray Victorian, President

Calcasieu Parish School Board

ATTEST:

/s/ Wayne R. Savoy

Wayne R. Savoy, Secretary

Calcasieu Parish School Board

PUBLIC NOTICE

GEOGRAPHIC BOUNDARIES OF

SCHOOL DISTRICT NO. 34

OF CALCASIEU PARISH, LOUISIANA

Beginning at the Northwest Corner of Section 7, Township 10 South, Range 8 West;

Thence East along the North line of said Section 7, Township 10 South, Range 8 West, to the center line of Louisiana Highway 384 (Ryan Street);

Thence South along the center line of Louisiana Highway 384 (Ryan Street) through Sections 7, 18 and 19, Township 10 South, Range 8 West, to the Southwest corner of the Southeast Quarter of the Northeast Quarter of Section 19, Township 10 South, Range 8 West, said point being the center line of the intersection of Ryan and McNeese Streets;

Thence East along the center line of McNeese Street to the intersection of McNeese Street and Common Street, said point being on the East line of Section 19, Township 10 South, Range 8 West;

Thence South along the East line of Sections 19 and 30, Township 10 South, Range 8 West, to the center line of Leger Road;

Thence West along the center line of Leger Road to the corporate limits of the City of Lake Charles, said point being on the North/South center line of said Section 30, Township 10 South, Range 8 West;

Thence South along the North/South center line of Sections 30 and 31, Township 10 South, Range 8 West, to the Southeast corner of the Southwest Quarter of said Section 31, Township 10 South, Range 8 West;

Thence West along the South line of Section 31, Township 10 South, Range 8 West to the center line of Lake Street, said point being the Southwest corner of said Section 31;

Thence South along the West line of Sections 6, 7, 18, 19, 30 and 31 of Township 11 South, Range 8 West, to the Southwest Corner of said Section 31, Township 11 South, Range 8 West;

Thence West along the South line of Sections 36, 35, 34 and 39 of Township 11 South, Range 9 West, to a point where the South line of Section 39, Township 11 South, Range 9 West meets the East bank of Calcasieu Lake;

Thence continuing West along the South line of Township 11 South, Range 9 West, to a point which constitutes the center of the old channel of the Calcasieu River, which said point is located on the South line of Section 31, Township 11 South, Range 9 West;

Thence Northerly up the center of the Channel of the Calcasieu River (and through Calcasieu Lake) through Sections 31, 30, 29, 20, 17, 18, 19 and 18 of Township 11 South, Range 9 West, through Section 12, Township 11 South, Range 10 West, through Sections 7, 6 and 5 of Township 11 South, Range 9 West, and through Sections 32, 31, 30, 19, 20, 17, 20, 21, 15, 10, 11, 2, 3 and 2 of Township 10 south, Range 9 West, through Section 35, Township 9 south, Range 9 West, through Sections 2 and 1 of Township 10 south, Range 9 West, through Section 36, Township 9 south, Range 9 West to a point where the center of the channel of the Calcasieu River meets the Interstate Highway 10 right-of-way;

Thence East along the right-of-way of Interstate Highway 10 to the East line of Section 36, Township 9 South, Range 9 West;

Thence South along the East line of Section 36, Township 9 South, Range 9 West, to the Northwest Corner of Section 7, Township 10 South, Range 8 West, the point of beginning.

/s/ Elray Victorian

Elray Victorian, President

Calcasieu Parish School Board

ATTEST:

/s/ Wayne R. Savoy

Wayne R. Savoy, Secretary

Calcasieu Parish School Board

C. Resolution Providing for Refunding of Bonds/School District 23

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

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

November 3, 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, 3310 Broad Street, Lake Charles, Louisiana, at 4:45 o’clock p.m. on November 3, 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:

ABSENT: Clara Duhon

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. Breaux, was adopted by the following vote:

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

NAYS: None

ABSENT: Mrs. Duhon

NOT VOTING: President Victorian

BOND RESOLUTION

A resolution providing for issuance, sale and delivery of not exceeding $7,200,000 General Obligation Refunding Bonds of School District No. 23 of Calcasieu Parish, Louisiana, 2009 Series B; 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. 23 of Calcasieu Parish, Louisiana (the “District”) held an election on November 20, 1999 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. 23 OF CALCASIEU PARISH, LOUISIANA, TO ISSUE NOT EXCEEDING $27,000,000 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. 23 of Calcasieu Parish, Louisiana, incur debt and issue bonds in an amount not exceeding $27,000,000 for a period not to exceed twenty (20) years from the date thereof, with interest at a rate not exceeding twelve (12%) 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. 23 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, 2001 Series, dated August 15, 2001 on original issue, of which $7,260,000 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 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 advance refunding the callable maturities of the Outstanding Bonds, consisting of those bonds which mature on August 15, 2012 to August 15, 2021, inclusive (the “Refunded Bonds”), would be advantageous to the District;

WHEREAS, the Calcasieu Parish School Board has adopted a preliminary resolution on October 6, 2009, expressing its intention to issue general obligation refunding bonds of the District in an amount not to exceed $7,200,000 pursuant to the Act;

WHEREAS, the State Bond Commission will, on November 19, 2009, adopt a resolution granting authority for issuance of the Bonds in the principal amount not exceeding $7,200,000;

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 $7,200,000 principal amount of its General Obligation Refunding Bonds, 2009 Series B (the “Bonds”), for the purpose of advance 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, it is necessary that this School Board as the governing authority of the District, prescribe the form and content of the Escrow Deposit Agreement providing for payment of the principal, premium and interest of the Refunded Bonds and authorize execution thereof as hereinafter provided;

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 D;

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 B 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 Municipal Bond 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 (February 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 Escrow Agent and 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 Issuer, 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. 23 of Calcasieu Parish, State of Louisiana.

“Escrow Agent” shall mean Argent Trust, a Division of National Independent Trust Company, in the City of Ruston, Louisiana, and its successor or successors, and any other person which may at any time be substituted in its place pursuant to the Bond Resolution.

“Escrow Agreement” shall mean the Escrow Deposit Agreement dated as of December 1, 2009, between the District and the Escrow Agent, substantially in the form attached hereto as Exhibit B, as the same may be amended from time to time, the terms of which Escrow Agreement are incorporated herein by reference.

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

“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., New York, New York, or its successor and assigns.

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

“Municipal Bond 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.

“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 first calendar day of the month in which such Interest Payment is due, 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, 2001 Series, dated August 15, 2001 on original issue, maturing August 15, 2012 to August 15, 2021, 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 B, of School District No. 23 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 advance refunding the Refunded Bonds through escrow of a portion of the proceeds of the Bonds, together with other available moneys of the District, in Government Securities plus an initial cash deposit, in accordance with the terms of the Escrow Agreement, in order to provide for payment of the principal of, premium, if any, and interest on the Refunded Bonds as they mature or upon earlier redemption as provided in Section 13.1 hereof.

(c) Provision having been made for the orderly payment until maturity or earlier 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, except to assure that the Refunded Bonds are paid from the Government Securities and funds so escrowed in accordance with the provisions of the Escrow Agreement, and that the Refunded Bonds will be defeased pursuant to the terms of the resolution of the Governing Authority which authorized their issuance, and the Act.

(d) The Escrow Agreement is hereby approved by the Governing Authority of the District and the Executive Officers are hereby authorized and directed to execute and deliver the Escrow Agreement on behalf of the District substantially in the form of Exhibit B hereof, with such changes, additions, deletions or completions deemed appropriate by such signing officials, and it is expressly provided and covenanted that all of the provisions for payment of the principal of, premium, if any, and interest on the Refunded Bonds from the special trust fund created under the Escrow Agreement shall be strictly observed and followed in all respects.

(e) 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 Municipal Bond Insurance Policy shall be paid by the District from proceeds of the Bonds.

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 December, 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. 23 Series 2009 B 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 February 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 February 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 February 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 5.5. 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 5.6. 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.

(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 6.4. 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 6.5. 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 6.7. 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 either the Paying Agent or the Escrow 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.

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 Underwriter 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 D, 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 policy of municipal bond insurance is obtained for the Bonds, and (ii) the offer of purchase by the Underwriters is received by the Executive Officers by not later than December 1, 2009, and such offer sets an average interest rate of less than 4.50% 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 August 15, 2011, 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 E, 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 Municipal Bond New Issue Insurance Policy. For so long as the Municipal Bond New Issue 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 Municipal Bond 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 Municipal Bond 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 Issuer 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 3^rd day of November, 2009.

/s/ Elray Victorian

ELRAY VICTORIANM President

/s/ Wayne R. Savoy

WAYNE R. SAVOY, Secretary

D. Resolution Providing for Refunding of Bonds/School District 33

On a motion to approve by Mr. Bernard and second by Mr. Dellafosse, the motion carried.

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

November 3, 2009

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

ABSENT: Clara Duhon

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. Bernard and seconded by Mr. Dellafosse, was adopted by the following vote:

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

NAYS: None

ABSENT: Mrs. Duhon

NOT VOTING: President Victorian

BOND RESOLUTION

A resolution providing for issuance, sale and delivery of not exceeding $8,500,000 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.

“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.

“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.

“Escrow Agreement” shall mean the Escrow Deposit Agreement dated as of December 1, 2009, between the District and the Escrow Agent, substantially in the form attached hereto as Exhibit E, as the same may be amended from time to time, the terms of which Escrow Agreement are incorporated herein by reference.

“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.

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

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

“Interest Payment Date” shall mean February 15 and August 15 of each year, commencing February 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;

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.

“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 B, dated November 1, 2004 on original issue, maturing February 15, 2011 to February 15, 2025, 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.

“OFFICE OF SECRETARY OF STATE

STATE OF LOUISIANA

BATON ROUGE, LOUISIANA

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

_________________________________

Secretary of State”

“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 4.3. 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 Series B 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.

ARTICLE V

REDEMPTION OF BONDS

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 X

CONCERNING FIDUCIARIES

SECTION 10.1. Escrow Agent; Appointment and Acceptance of Duties. Argent Trust, a Division of National Independent Trust Company, N.A., in the City of Ruston, Louisiana, is hereby appointed Escrow Agent. The Escrow Agent shall signify its acceptance of the duties and obligations imposed upon it by this Bond Resolution by executing and delivering the Escrow Agreement. The Escrow Agent is authorized to file, on behalf of the District, subscription forms for any Government Securities required by the Escrow Agreement.

SECTION 10.2. 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 10.3. 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.

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.

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 12.3. 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 December 1, 2009, and such offer sets an average interest rate of less than 4.50% 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.

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 February 15, 2010, 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:

(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.

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:

(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.

(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 14.4. 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 3^rd day of November, 2009.

/s/ Elray Victorian

ELRAY VICTORIAN, President

/s/ Wayne R. Savoy

WAYNE R. SAVOY, Secretary

E. Resolution Providing for Refunding of Bonds/School District 34

On a motion to approve by Mr. Bernard and second by Mr. Dellafosse, the motion carried.

SEQ CHAPTER \h \r 1 Lake Charles, Louisiana

November 3, 2009

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

ABSENT: Clara Duhon

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. Bernard and seconded by Mr. Dellafosse, was adopted by the following vote:

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

NAYS: None

ABSENT: Mrs. Duhon

NOT VOTING: President Victorian

BOND RESOLUTION

A resolution providing for issuance, sale and delivery of not exceeding $12,500,000 General Obligation Refunding Bonds of School District No. 34 of Calcasieu Parish, Louisiana, 2009 Series B; 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.

“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.

“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.

“Escrow Agreement” shall mean the Escrow Deposit Agreement dated as of December 1, 2009, between the District and the Escrow Agent, substantially in the form attached hereto as Exhibit E, as the same may be amended from time to time, the terms of which Escrow Agreement are incorporated herein by reference.

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

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

“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;

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.

“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.

“OFFICE OF SECRETARY OF STATE

STATE OF LOUISIANA

BATON ROUGE, LOUISIANA

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

_________________________________

Secretary of State”

“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 4.3. 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 Series B 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.

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.

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.

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.

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 Underwriter is received by the Executive Officers by not later than December December 1, 2009, and such offer sets an average interest rate of less than 4.50% 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.

SECTION 13.1. Call for Redemption. Subject only to delivery of the Bonds, the Refunded Bonds are hereby irrevocably called for redemption on January 15, 2010, 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.

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

(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.

(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.

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

BID FOR BULK ENGINE OIL FOR THE CPSB TRANSPORTATION AND MAINTENANCE DEPARTMENTS.

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS AS LISTED BELOW:

On a motion to approve by Mr. Dellafosse and second by Mr. Guidry, the motion carried.

Eighteen 71 Passenger Buses and Ten 53 Special Needs Buses/Transportatio Department 2009-2010 Fiscal Year

BID FOR (18) SEVENTY-ONE PASSENGER BUSES AND (10) FIFTY-THREE SPECIAL NEEDS BUSES FOR CPSB TRANSPORTATION DEPT.

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS FROM KENT-MITCHELL BUS SALES FOR THE TOTAL AMOUNT OF $2,024,724.00.

On a motion to approve by Mr. Dellafosse and second by Mr. Guidry, the motion carried.

THE STAFF RECOMMENDS AWARDING THE BID MEETING ALL SPECIFICATIONS FROM PUMPELLY OIL AT THE OPES INDEX + 0.1295 PER GALLON.

On a motion to approve by Mr. Dellafosse and second by Mr. Guidry, the motion carried.

On a motion to approve by Mr. Breaux and second by Mr. Andrepont, the motion carried.

Ward One Community Park, Phase I, School District 27 Bond Funds, Baseball and Softball Complexes

On a motion to approve by Mr. Breaux and second by Mr. Andrepont, the motion carried.

New Multipurpose Building/Maplewood Middle School/School District 2 Bond Funds

On a motion to approve by Mr. Breaux and second by Mr. Andrepont, the motion carried.

On a motion to approve by Mr. Andrepont and second by Mr. Breaux, the motion carried.

F. Change Order Number four (4) for the project, “Repairs and Improvements to W. T. Henning Elementary School,” School District #30 Bond Funds; Randall D. Broussard, Architect; Paul Jackson & Son, Inc., Contractor; Increase of $25,574.00 and Increase of Five (5) days.

On a motion to approve by Mr. Andrepont and second by Mr. Breaux, the motion carried.

G. Beneficial Occupancy for the project, “New Restroom at Matt Walker Memorial Stadium,” School District #30 Bond Funds; Randall D. Broussard, Architect; K&S Construction, LLC, Contractor.

On a motion to approve by Mr. Andrepont and second by Mr. Breaux, the motion carried.

Jill Portie, Principal of LeBleu Settlement Elementary/2009 National Distinguished Principal

Mr. Hardy asked for a letter of condolence to the family of James Clayton and a letter of condolence to the family of Chester Archangel.

Mr. Bernard asked for a letter of recognition to Jerry Whatley on his retirement and a recommendation for a name change at the Academy to honor Dr. DeBakey.

Mr. Jongbloed asked for a letter of recommendation to Mrs. Lillian Karr regarding the Cal-Cam Queen contest.

He asked that the counselors be notified regarding a Housing Authority Scholarship. He thanked everyone involved in the ribbon cutting at the new CPSB facility.

Mr. Karr reported that Mrs. Karr worked to collect more than $8,000 to send students from DeQuincy Elementary School to Washington, D.C. to collect their Keep America Beautiful award.

Mr. Savoy congratulated Johnny Bourque, Superintendent of Acadia Parish, for being chosen State Superintendent of the Year.

Mr. LaRocque asked for a letter of condolence to the family of Johnathon Fontenot.

Mr. Hardy asked that a ninth grade campus for Washington-Marion and LaGrange be discussed, maybe looking at a city-wide property for both.

Mr. Dellafosse reminded all Board Members about the retreat on November 18 at the Lake Charles Boston Academy. He would like a committee to look into safety issues for middle school football.

Mr. Andrepont would like the Budget Committee to discuss Title Funding for schools that might be eligible.

Mrs. Ballard would like the Board to look at having a student member of the Board (non-voting) for student input.

On a motion to adjourn by Mr. Andrepont and second by Mr. Jongbloed, the meeting adjourned at 7:43 p.m.