Home News Webster Parish Commission approves $2.2M library loan

Commission approves $2.2M library loan

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Expansion of the Webster Parish Library’s Mack Memorial Branch in Springhill is a step closer to reality.
Monday the State Bond Commission announced it has approved $2.2 million in Certificate of Indebtedness for the Webster Parish Police Jury for library construction and improvements.

“A certificate of indebtedness is one of the ways a government agency borrows money for large projects,” Beverly Hammett, director of the library said. “Now that the certificate has been approved, our bonding attorney will advertise we have $2.2 million in bonds for sale and whoever (banks) gives us the lowest interest rate gets the bid.”

These funds are only

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