School District No. 23 of Calcasieu Parish, Louisiana $8,070,000 GENERAL OBLIGATION REFUNDING BONDS, 2012 SERIES a SCHOOL DISTRICT NO

RATING: S&P “A+” REFUNDING ISSUE – BOOK ENTRY ONLY (See “MISCELLANEOUS-Bond Rating” herein) In the opinion of Bond Counsel, under existing laws and assuming continuous compliance by the School District and the Board with certain covenants designed to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), interest on the Bonds is excluded from gross income of the owners for Federal income tax purposes. In the opinion of Bond Counsel, the Bonds and the income therefrom are exempt from all taxation by the State of Louisiana or any political subdivision thereof. See “Tax Exemption” herein. $13,210,000 COMPOSITE OFFERING GENERAL OBLIGATION PUBLIC SCHOOL REFUNDING BONDS, 2012 SERIES SCHOOL DISTRICT NO. 23 OF CALCASIEU PARISH, LOUISIANA $8,070,000 GENERAL OBLIGATION REFUNDING BONDS, 2012 SERIES A SCHOOL DISTRICT NO. 23 OF CALCASIEU PARISH, LOUISIANA $5,140,000 GENERAL OBLIGATION REFUNDING BONDS, 2012 SERIES B SCHOOL DISTRICT NO. 23 OF CALCASIEU PARISH, LOUISIANA Dated: Date of Delivery Due: As shown on inside cover This Composite Offering of $13,210,000 General Obligation Refunding Bonds, 2012 Series (described above and herein) is comprised of two separate bond issues issued by School District No. 23 of Calcasieu Parish, Louisiana (the “School District”), namely $8,070,000 General Obligation Refunding Bonds, 2012 Series A (the “Series A Bonds”) and $5,140,000 General Obligation Refunding Bonds, 2012 Series B (the “Series B Bonds”). The Series A Bonds and Series B Bonds are herein collectively referred to as the “Bonds”. The School District is governed by the Calcasieu Parish School Board (the “Governing Authority” or the “Board”). The Bonds are general obligations of the School District and the full faith and credit of the School District will be pledged to the payment of the bond issuance. The Bonds will be secured by, and payable from, unlimited ad valorem taxes levied against all taxable property located within the School District. The School District has agreed to levy ad valorem taxes on all taxable property located within the School District sufficient to pay, as due, the principal of, and premium, if any, and interest on, the Bonds issued by the School District. (See “Security for the Bonds” herein). The Bonds are registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York (“DTC”), which will act as securities depository for the Bonds. Individual purchases of the Bonds will be made in book-entry form and individual purchasers of the Bonds will not receive certificates representing their interest in the Bond purchased. Principal on the Bonds is payable at the principal corporate trust office of Argent Trust, a Division of National Independent Trust Company, in the City of Ruston, Louisiana (the “Paying Agent”). The Bonds are in the denomination of $5,000 each, or any integral multiple thereof within a single maturity, in fully registered form. (See “Interest on the Bonds” herein.) The Series A Bonds are subject to optional redemption prior to maturity as provided herein. The Series B Bonds are not subject to redemption prior to their stated maturities. (See “THE BONDS – Redemption Provisions” herein.) The Bonds are offered subject to the approving opinion of Joseph A. Delafield, A Professional Corporation, Lake Charles, Louisiana, Bond Counsel. Certain matters will be passed upon for the Underwriter by its counsel, Breithaupt, Dunn, DuBos, Shafto & Wolleson, LLC, Monroe, Louisiana. It is expected that the Bonds will be delivered in Lake Charles, Louisiana, on or about November 20, 2012 against payment therefor. The date of this Official Statement is October 2, 2012. This cover page contains information for quick reference only. It is not a summary of this issue. Investors must read the entire Official Statement to obtain information essential to the making of an informed investment decision. MATURITY SCHEDULES $8,070,000 GENERAL OBLIGATION REFUNDING BONDS, 2012 SERIES A School District No. 23 of Calcasieu Parish, Louisiana Maturity (February 15) Principal Rate Yield CUSIP 2013 70,000 1.000% 0.650% 128492 GR0 2015 375,000 2.000% 0.950% 128492 GS8 2016 395,000 2.000% 1.200% 128492 GT6 2017 420,000 2.000% 1.300% 128492 GU3 2018 430,000 2.250% 1.500% 128492 GV1 2019 450,000 2.375% 1.750% 128492 GW9 2020 465,000 2.500% 2.100% 128492 GX7 2021 490,000 3.000% 2.300% 128492 GY5 2022 510,000 4.000% 2.400% 128492 GZ2 2023 535,000 2.500% 2.625% 128492 HA6 $1,165,000 5.00% Term Bond Due February 15, 2025; Price 118.686%; CUSIP 128492 HB4 $1,300,000 5.00% Term Bond Due February 15, 2027; Price 117.791%; CUSIP 128492 HC2 $1,465,000 5.00% Term Bond Due February 15, 2029; Price 116.463%; CUSIP 128492 HD0 $5,140,000 GENERAL OBLIGATION REFUNDING BONDS, 2012 SERIESB School District No. 23 of Calcasieu Parish, Louisiana Maturity (February 15) Principal Rate Yield CUSIP 2013 $ 75,000 1.000% 0.650% 128492 HE8 2014 675,000 2.000% 0.800% 128492 HF5 2015 690,000 2.000% 0.950% 128492 HG3 2016 705,000 2.000% 1.200% 128492 HH1 2017 725,000 2.000% 1.300% 128492 HJ7 2018 735,000 2.250% 1.500% 128492 HK4 2019 760,000 2.375% 1.750% 128492 HL2 2020 775,000 2.500% 2.100% 128492 HM0 CUSIP Numbers © 2009, American Bankers Association. CUSIP data herein is provided by Standard & Poor’s, CUSIP Service Bureau of The McGraw Hill Companies, Inc. The Issuer takes no responsibility for the accuracy of the CUSIP numbers, which are included solely for the convenience of the owners of the Bonds. NO DEALER, BROKER, SALESPERSON OR OTHER PERSON HAS BEEN AUTHORIZED BY THE CALCASIEU PARISH SCHOOL BOARD, STATE OF LOUISIANA, THE GOVERNING AUTHORITY OF SCHOOL DISTRICT 23 OF CALCASIEU PARISH, LOUISIANA (THE “SCHOOL DISTRICT”) TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS WITH RESPECT TO THE OBLIGATIONS HEREIN DESCRIBED OTHER THAN THOSE CONTAINED IN THIS OFFICIAL STATEMENT, AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED BY THE SCHOOL DISTRICT. THE INFORMATION SET FORTH HEREIN HAS BEEN OBTAINED FROM SOURCES WHICH ARE BELIEVED TO BE RELIABLE BUT IS NOT GUARANTEED AS TO ACCURACY OR COMPLETENESS. THE INFORMATION AND EXPRESSIONS OF OPINION HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE, AND NEITHER THE DELIVERY OF THIS OFFICIAL STATEMENT NOR ANY SALE MADE HEREUNDER SHALL UNDER ANY CIRCUMSTANCES CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGES IN THE AFFAIRS OF THE SCHOOL DISTRICT SINCE THE DATE HEREOF. THIS OFFICIAL STATEMENT DOES NOT PURPORT TO CONTAIN ALL INFORMATION THAT A PROSPECTIVE PURCHASER MAY DESIRE. BY ACCEPTANCE OF THIS OFFICIAL STATEMENT, PROSPECTIVE INVESTORS RECOGNIZE AND ACCEPT THE NEED TO CONDUCT THEIR OWN THOROUGH INVESTIGATION AND DUE DILIGENCE BEFORE CONSIDERING ANY INVESTMENT IN THE BONDS. THE ISSUER WILL MAKE AVAILABLE TO ANY PROSPECTIVE QUALIFIED INVESTOR, PRIOR TO THE SALE OF THE BONDS, THE OPPORTUNITY TO ASK QUESTIONS OF AND TO RECEIVE ANSWERS FROM THE ISSUER ON MATTERS RELEVANT TO THE PROPOSED OFFERING. IN ADDITION TO CONSIDERING OTHER RISKS ASSOCIATED WITH AN INVESTMENT OF THIS NATURE, POTENTIAL INVESTORS SHOULD REVIEW THE BOND OWNERS RISKS SECTION OF THIS OFFICIAL STATEMENT WHEN CONSIDERING AN INVESTMENT IN THE BONDS. THE INFORMATION AND EXPRESSIONS OF OPINION CONTAINED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE AND NEITHER THE DELIVERY OF THIS OFFICIAL STATEMENT OR ANY SALE MADE HEREUNDER SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE ISSUER SINCE THE DATE HEREOF. THE UNDERWRITER HAS PROVIDED THE FOLLOWING SENTENCE FOR INCLUSION IN THIS OFFICIAL STATEMENT. THE UNDERWRITER HAS REVIEWED THE INFORMATION IN THIS OFFICIAL STATEMENT IN ACCORDANCE WITH, AND AS PART OF, ITS RESPONSIBILITIES TO INVESTORS UNDER THE FEDERAL SECURITIES LAWS AS APPLIED TO THE FACTS AND CIRCUMSTANCES OF THIS TRANSACTION, BUT THE UNDERWRITER DOES NOT GUARANTY THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. [THIS PAGE INTENTIONALLY LEFT BLANK] TABLE OF CONTENTS INTRODUCTION............................................................................................................................................................ I THE SCHOOL DISTRICT ............................................................................................................................................... I GOVERNING AUTHORITY ........................................................................................................................................... II AMOUNT OF BONDS .................................................................................................................................................... II SECURITY FOR BONDS ................................................................................................................................................ II PLAN OF REFUNDING .................................................................................................................................................. II THE BONDS ................................................................................................................................................................ III DATE OF BONDS ........................................................................................................................................................ III PROVISIONS FOR TRANSFER, REGISTRATION AND ASSIGNMENT ........................................................................... III PLACE OF PAYMENT ................................................................................................................................................

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