FOR IMMEDIATE NEWS RELEASE

NEWS RELEASE # 059

FROM: CLERK OF THE SUPREME COURT OF LOUISIANA

On the 13th day of October, 2006, the following action was taken by the Supreme Court of Louisiana in the case(s) listed below:

REHEARING(S) DENIED:

2005-C - 2298 THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF GONZALES, LOUISIANA, INC. v. ALL TAXPAYERS, PROPERTY OWNERS, CITIZENS OF THE CITY OF GONZALES, STATE OF LOUISIANA AND OF THE GONZALES ECONOMIC DEVELOPMENT DISTRICT NUMBER 1 AND NON-RESIDENTS OWNING PROPERTY OR SUBJECT TO TAXATION IN SAID CITY OR DISTRICT, AND ALL OTHER PERSONS INTERESTED IN OR AFFECTED IN ANY WAY BY THE ISSUANCE OF NOT TO EXCEED $49,875,000 OF TAX INCREMENT TAXABLE AND/OR TAX-EXEMPT REVENUE BONDS (Parish of Ascension)

TRAYLOR, J., would grant a rehearing.
KNOLL, J., would grant a rehearing.