WHEREAS, the Industrial Development Board of the Parish of Iberia, Inc. has requested an allocation from the 1998 Ceiling to be used in connection with financing the acquisition, construction and equipping of a particle board plant located at 2617 North Side Road, New Iberia, parish of Iberia, for Acadia Board Company, Ltd. (the "Project"), in accordance with the provisions of Section 146 of the Internal Revenue Code of 1986, as amended;
NOW THEREFORE I, M.J. MIKE FOSTER, JR., Governor of the state of Louisiana, by virtue of the authority vested by the Constitution and laws of the state of Louisiana, do hereby order and direct as follows:
SECTION 1: The bond issue, as described in this Section, shall be and is hereby granted an allocation from the 1998 Ceiling as follows:
|Amount of Allocation||Name of issuer||Name of project|
|$8,880,000||Industrial Development Board of the Parish of Iberia, Inc.||Acadia Board Company, Ltd.|
SECTION 2: The granted allocation shall be used only for the bond issue described in Section 1 and for the general purpose set forth in the Application for Allocation of a Portion of the State of Louisiana's Private Activity Bond Ceiling submitted in connection with the bond issue described in Section 1.
SECTION 3: The granted allocation shall be valid and in full force and effect, provided that such bonds are delivered to the initial purchasers thereof on or before November 24, 1998.
SECTION 4: All references in this Order to the singular shall include the plural, and all plural references shall include the singular.
SECTION 5: The undersigned certifies, under penalty of perjury, that the granted allocation was not made in consideration of any bribe, gift, or gratuity, or any direct or indirect contribution to any political campaign. The undersigned also certifies that the granted allocation meets the requirements of Section 146 of the Internal Revenue Code of 1986, as amended.
SECTION 6: This Order is effective upon signature and shall remain in effect until amended, modified, terminated, or rescinded by the governor, or terminated by operation of law.
IN WITNESS WHEREOF, I have set my hand officially and caused to be affixed the Great Seal of the state of Louisiana, at the capitol, in the city of Baton Rouge, on this 26th day of August, 1998.
M.J. "Mike" Foster
Secretary of State