La. Admin. Code tit. 7 § III-127
Act-the Louisiana Agricultural Finance Act, Chapter 3-B of Title 3 of the Louisiana Revised Statutes of 1950, as amended (R.S. 3:261-R.S. 3:284).
Agreements-agreements by which the issuer agrees to purchase from lenders certain agricultural loans.
Agricultural Loan-a loan made by a lender to any person for the purpose of financing land acquisition or improvement, soil conservation; irrigation; construction, renovation, or expansion of buildings and facilities; purchase of farm fixtures, livestock, poultry and fish of any kind; seeds; fertilizers; pesticides; feeds; machinery; equipment; containers or supplies employed in the production, cultivation, harvesting, storage, marketing, distribution, or export of agricultural products.
Borrower-any person engaged in agricultural production or exportation who has entered into an agricultural loan with a lender.
Co-Trustee-Premier Bank, formerly known as the Louisiana National Bank of Baton Rouge.
Indenture-the Trust Indenture and its exhibits by and among the Louisiana Agricultural Finance Authority and Capitol Bank and Trust Company now known as Sunburst Bank, as Trustee and Louisiana National Bank of Baton Rouge, now known as Premier Bank, as Co-Trustee dated as of September 15, 1986. This document is identified as Exhibit A and may be obtained in its entirety from the Department of Agriculture and Forestry, Agriculture Finance Authority, 5825 Florida Boulevard, Baton Rouge, LA 70806.
Issuer-the Louisiana Agricultural Finance Authority (LAFA).
Lenders-any leading institution as defined in the Act which institution either:
a. sells an agricultural loan to the trustee; or
b. enters into a repurchase obligation with the trustee.
Trustee-Sunburst Bank, formerly known as Capitol Bank and Trust Company.
La. Admin. Code tit. 7, § III-127