By PAUL KEDINGER

Managing Editor


Bonding attorney Jason Akers shared good news with the directors of Fire District No. 9 Monday night regarding bids for its ten-year $900,000 bond issue.

“This is the best bid this year,” said Akers, representing Foley & Judell, L.L.P. of New Orleans.

Of four banks which submitted bids to purchase the bond issue, Sabine State Bank submitted the low bid of 3.18 percent.

Akers estimated the low bid will save the fire district which serves Rayne and surrounding rural areas as much as $40,000 in interest over the 10-year period.


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