Bonds Approved To Upgrade Allen Parish Schools

OBERLIN, La. (AP) — The Allen Parish School Board has accepted bids for the sale of more than $11 million in bonds for expansion and renovations to schools in Oakdale and Oberlin.

The American Press reports both bond issues were approved by voters in April.

The Oakdale bond issue will be retired with a 23.40 mill property tax, while the Oberlin bond issue will be retired with a 23.65 mill property tax.

Bonds for the Oakdale project were purchased Monday by FTN Financial Corp. for 2.56 percent interest.

The Oberlin bonds were purchased by Ross Sinclaire and Associates at 2.67 percent interest.

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