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