HomeMy Public PortalAboutORD07806 BILL N0. � _
INTRODUCED BY ,COUNCILMAN:
ORDINANCE NO. `VI90
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI FIXING THE
SALARIES AND EXPENSE ACCOUNTS OF CITY ELECTIVE AND -APPOINTIVE .
OFFICIALS AND EMPLOYEES, AND REPEALING ORDINANCE NUMBER 7661
OF THE CITY AND ALL OTHER ORDINANCES OF THE CITY, OR PARTS
THEREOF, IN CONFLICT HEREWITH.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON,
MISSOURI, AS FOLLOWS:
Section 1. Compensation of elective officials. The fol
lowing named elective officers of the City of Jefferson, Mis-
souri, shall receive the following compensation for the per-
formance of their duties and, as specifically allowed herein,
the following expense accounts to defray expenses incurred by
them in the performance of their official duties:
(1) The Mayor shall receive the sum of $200.00 per month
as salary, and in addition thereto, shall receive $75.00 per
month as an expense account.
(2) The City Marshal shall receive the sum of $600.00 per.. `
month as salary, and in addition thereto, shall receive $70.00
per month' as an expense account.
(3) ' The City. Attorney shall receive the sum of $500.00 per
month a.s salary, and in addition thereto, shall receive $100.00
per month as an expense account.
(4) The Police Judge shall receive the sum of $280.00 per
month as salary, and in addition thereto, shall receive the sum
of $50.00 per month as an expense account. .
(5) The- City Treasurer shall receive the sum of $100.00
per month as salary, and in addition thereto, shall receive the
sum of $75.00 per month as an expense account.
(6) The City Assessor shall receive a sum as salary that
is equal to two-thirds (2/3) of the fees paid to the county
assessor for returning merchants ' and manufacturers ' lists and
for making assessments and returns on lists of personal property;
in addition thereto, the City Assessor shall receive a sum not
to exceed $800.0.0 annually for payment of such additional part
time help, at a rate not to exceed $1.50 per hour, as the City
Assessor shall require in the efficient operation of his office,
(7) The City Collector shall receive the sum of $700.00
per month as salary; in addition thereto, the `tv Collector
shall receive , on all delinquent taxes , a sum equa- to four (47.) ._
per cent- of the amount of all delinquent taxes plus the penalty
thereon, which amount shall be added to the amount owed by the
delinquent taxpayer and collected from the person paying said
delinquent taxes. .�
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(8) Each City Councilman shall receive the sum of $75.00
per month as salary, and in addition thereto, shall receive
$100,00 per month as an expense account.
Section 2 . Sewer Construction Inspectors. Each sewer con-
struction inspector shall receive no more than $535 .50 per month as
salary from the Construction Account of the Sewer Bond Fund plus
an automobile allowance of $50.00 per month.
Section 3. Definitions: As used in this ordinance, the
following terms shill have the following meanings:
(1) Period-j - The employment period beginning with the
1st month and ending with the 12th month.
(2) Period 27 The employment period beginning with the
13th month and ending with the 24th 'month.
(3) 'Period 3 - The employment period beginning with the
25th month and ending with the 36th month.
(4) Period 4 - The employment period beginning with the
37th month and ending with the 48th month.
(5) , Period' 5 - The employment period beginning with the
.49th month and continuing thereafter.
Any department head of the city at any time may suggest to
the Accounts and Claims Committee of the council that the em-
ployment- period of the department head, or of any employee in
the department, be advanced. If the committee recommends to the
city council that such advancement be approved, and the council
accepts and approves such recommendation, the employment period
of the department head, or the employee of the department, shall
be advanced accordingly and compensation shall thereafter be paid
on the basis of the newly established employment period.
Section 4. . .Compensation of appointive employees. The named
appointive employees of the city shall receive the following com-
pensation. for the - performance of their duties:
EMPLOYMENT PERIOD
Position 1 2 ' 3 4 5
Deputy Collector Acct.5 ,448 50580 5, 712 5,844 69000
City Collector'-s 'Clk. 3,300 3,420 39600 . 3, 700 33.,800
City Clerk (1) 6,530 6,730 61930 71130 70455
Asst. City Clk. (2) 4,200 41,400 49600 49800 5,012
City Clerk Typist (2) 3,000 3,150 . 3,300 39450 33,666
Comm. Pub. Health 63,120 69120 60120 6,120 69120
Med. Asst. -Clinic 1,900 21020 21140 29200 23,250 (P.T.)
Dir. Civil Defense 600 600 600 600 600
Dir. Public Works (3)10,000 119000 12,000 139500 159000
City Engineer, 99020 99240 9,460 9,660 9,900
Asst. City Engr. (4) 6,320 6,524 69728 6,983 70200
Position 1 2 3 4 5
Enf;. Survey Chief 7,000 7, 150 79300 7,450 7,600
Survey Rodman 3,500 3, 700 3,900 40100 40300
Survey Chainman 4,100 41,300 4,500 4,700 4,900,
Survey Instrumentman 4,524 41,668 4,800 4,944 5,076
Eng. Draftsman I 30840 3,975 4,120 4,250 4, 392
Eng. Draftsman 11 41524 4,668 4,800 4,944 5,076
Eng. Computer. 5,220 59352 5 ,496 51628 5, 772 '
Sectry. Dir. Pb. .Wks..4p200 4,350 4,500 4,650 4, 750
(5)
Eng. Clk. Typist 3,000 3, 150 33,300 3,4'50 3,666
Bldg, Commissioner 6,600 6, 750 6,900 7,050 7,200
Electrical Insp. 5,200 5 ,300. 5,400 5,500 5,600
Plumbing Inspector ' 5,200 5,300 ' 59400 5,500 5,600
Milk Inspector 4,800 4,900 5,000 51100 5,200
Housing Inspector - . , 4,560 43,680 41,800 4,920 5,140
Restaurant Insp. &
Health Officer 5,000 5,100 53,200 59300 5,400
License Insp. &.
Cemetery Custodian 5, 116 5 , 184 519251, 5,318 5 ,386
Humane' Officer 4,200 4,450 4,550 4,650 4,850
Asst. Humane Officer 4,200 4,300 4,400 4,500 4,600
Janitor-City Hall 3,080 3,080 33,080 3,080 3,080
Weighmaster (Scales) 2,400 2,400 2,400 2,400 2,400
Janitor-Airport 21020 2,020 2,020 • 20020 2,020 ,
Police Court Clerk &
Welfare Worker' . 3,402 3,534 3,666 3,798 33,930
Fire Chief . 6,720 63,840 6,960 7,080 72200
Asst. Fire Chief 59380 5 ,440 59500 59560 5 ,600
Fire Captain 51140 59200 52260 59320 53,380
Fire Lieutenant 49900 4,960 59020 51080 5 ,140
Fireman-Driver 43,500 4,600 49700 41800 4,900
Police Captain &
Lieut. Detective 59400 59550 51700 5,850 62000
Police Sergeant 50220 59270 59320 59370 53,400
Police Corporal 50100 5,130 59160 52190 5 ,220
Traffic Lieutenant 51400 59465 50530 5,595 5 ,660
Position 1 2 3 4 5
Traffic Sergeant 50220 51270 59320 50370 5 ,400
Policeman/Patrolman 4,500 40650 41800 49950 50100
Corporal Policewoman 4,376 4,510 40645 49780 49847
Police Clerk I 30164 39360 30540 39, 720 39900
Fiscal Officer &
Purchasing Agent(6) 7,200 71400 79600 7, 750 79850
Parking Meter Maid 39600 32700 3,800 31,900 4,000
Supvr. Parking Garage4,825 49950 51025 51, 125 5,225
Asst. Supervisor
Parking Garage 41500 49600 40700 4,800 4,900
Full-Time Parking
Garage Attendants. 41375 40500 41625 4,750 4,850
Janitor, Pk. Garage 31120 35270 39420 39570 3,733
Street Commissioner 61500 6, 750 7,000 71,250 7,500 '
Asst. Street Comm.. .. 4,600 42800 5,000 5,200 5 ,408
Equip. Operator 1.1 4,100 49250 41400 4,550 4,700
Equip. Operator , I 32875 49000 49125 4,250 43,375
Mechanic 49600 4,800 51000 52,200 5 ,408
Semi-Skilled Laborer 3,875 4,000 41125 4,250 4,375
Laborer 3,405 3,585 3,765 33,945 4,125
Janitor, Pol. Dept. 102 102 102 102 102 (P�.T.) ,
(1) Includes $600.00 paid from Sewer Fund
(2) ..Includes $300.00 paid from Sewer Fund
(3) Includes 5,472. 00 paid from Sewer Fund
(4) Includes 2,142. 00 paid from Sewer Fund
(5) Includes $326.00 paid from Sewer Fund
(6) Includes 3,927.00 paid from Sewer Fund
Section 5. Temporary Policemen and School Patrol Guards: .
Temporary policemen and school patrol guards shall receive . $1.50
per hour for each hour of employment.
Section 6. Street Department Clerk Typist. The Street De-
partment Clerk Typist shall be paid $1. 65 per hour, but not to ex-
ceed sixteen hours in any one week, for each hour of work, and
the total- hours worked shall be -certified to by the Street Corh-
missioner.
Section 7. Part time Parking Garage Attendants. Part time
municipal parking garage attendants shall be paid at the rate of
$1. 37 .per hour for each hour worked and the total hours shall be
certified to by 'the Parking Garage Supervisor.
Section 8. Health & Welfare Part Time Hel . Larviciding
operators shall receive $1.50 per hour for each hour of employ-
ment. The Weed Inspector shall receive $125 .00 per month as
salary, and in addition thereto, shall receive 104 per mile for
each mile his personal automobile is driven for official city
business. Fogging machine operators shall receive $1.50 per hour
for each 'hour of employment.
Section 9. :Part Time Inspectors - in the Engineering Department.
Part time Inspectors in the engineering department shall be paid
an hourly wage not to exceed $2.00 per hour for each hour of em-
ployment.
Section 10. Expense Accounts for Appointive Employees. The
named appointive' employees shall receive monthly the following
expense accounts:
1. Building Commissioner. . . . . . . . . . . . . .$75.00
2. Electrical Inspector. . . ... . . . . . . . . . .$75.00
3. , ' Plumbing Inspector.. . . . . . . . . . . . . . . . .$75.00
4. License 'Inspector. . . . . . . . . . . . . . . . . .$75.00
5 . Housing Inspector. . . . . . . . . . . . . . . . . . $75.00
6, Director of Public Works. . . . . . . . . . .$50.00
.7. Fire Inspector. . . . . . . . . . . . . . . . . . . . .$50.00
8. Fiscal Officer/Purchasing Agent. . . .$40.00
9. .. Assistant City Engineer. . . . . . . . . . . .$10.00
Section 11. Clothing; Allowances . Each member of the Police
Department shall receive $15 .00 per month as a uniform allowance..,
The Humane Officer and his assistant and all Municipal Parking
Garage Attendants shall receive $10.00 per month as a uniform al-
lowance.
Section' 12: Municipally Owned Vehicles. The Street Com-
missioner, Health Inspector, Milk Inspector, Engineer Survey
Chief, Engineer Inspector, Fire Chief, and Humane Officer shall
be furnished with a municipally owned vehicle for their use in
the performance of their official city duties.
Section 13. Repeal Clause. Ordinance number 7661 and such
other ordinances, or parts of ordinances as are in conflict with
this ordinance are, and are hereby declared to be, repealed.
Section 14. Effective Date. Upon its passage and approval, .
this .ordinance shall take effect and be in force as of July 1, 1966.
Passed: Approved
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r sident of'th Counc 1 Ma 'or
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Attest:
city Lurk
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Introduced By: (I 11'e r 1� Z a f
BILL NO � ORDINANCE NO. 7 y o
AN ORDINANCE AUTHORIZING THE CITY OF JEFFERSON, MISSOURI, TO ISSUE
THE INDUSTRIAL REVENUE BONDS, SERIES OF 1966, OF SAID CITY IN THE
AMOUNT OF $8,500,000 FOR THE PURPOSE OF PURCHASING AND CONSTRUCT-
ING AN INDUSTRIAL PLANT TO BE LEASED TO INTERCO INCORPORATED, A
DELAWARE CORPORATION, FOR MANUFACTURING AND INDUSTRIAL DEVELOPMENT
PURPOSES, INCLUDING REAL ESTATE, BUILDINGS, FIXTURES AND MACHINERY,
SAID BONDS TO BE PAYABLE SOLELY FROM THE REVENUES DERIVED FROM
SAID PROJECT FOR INDUSTRIAL DEVELOPMENT AND NOT TO BE A GENERAL
OBLIGATION OF SAID CITY, AUTHORIZING THE PURCHASE AND CONSTRUCTION .
OF SAID PROJECT AND PRESCRIBING THE FORM OF AND AUTHORIZING THE
EXECUTION OF A LEASE BY AND BETWEEN SAID CITY AND SAID COMPANY.
WHEREAS, pursuant to Section 27 of Article VI of the
Constitution of Missouri, 1945, as amended, and Sections 71.790
to 71.850, 1965 Supplement to Devised Statutes of Missouri, 1959,
the City of Jefferson, Missouri, hereinafter sometimes referred
to as the "City", by majority vote of its governing body duly
approved a Project for industrial development relating to the
purchase and construction of an industrial plant at the estimated
cost of $8,500,000, to be paid out of the proceeds of the
revenue bonds herein authorized, and the lease of the same to
Interco Incorporated, a Delaware corporation, qualified to do
business in the State of Missouri, and
WHEREAS, said Project was duly approved by the Division
of Commerce and Industrial Development of the Department of Busi-
ness and Administration of the State of Missouri, on May 20, 1966,
and
WHEREAS, an ordinance was duly passed by the City Coun-
cil of said City whereby a special election was ordered to be held
in said City on June 14, 1966, for the purpose of submitting to
the qualified electors of said City the proposition to issue the
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industrial revenue bonds of said City in the amount of $8,500,000
for the purpose of purchasing and constructing an industrial plant
to be leased to Interco Incorporated, a Delaware corporation, for
manufacturing and industrial development purposes, including real
estate, buildings, fixtures and machinery, hereinafter referred to
as the "Project", said bonds to be payable solely from the reve-
nues derived from said Project, and not to be a general obligation
of said City, and
WHEREAS, pursuant to said ordinance and the constitu-
tional and statutory provisions aforesaid, notice of said election
was duly prepared, executed and published, and said special elec-
tion was duly held in said City on said June 14, 1966, and
WHEREAS, the votes cast at said special election were
duly canvassed as provided by law and it was found and determined
that more than four-sevenths of the qualified electors of said
City voting on said proposition had voted in favor of the issuance
of said $8,500,000 principal amount of industrial revenue bonds of
said City, the vote on said proposition having been f2 Z1,2Z
votes for said proposition to votes against said
proposition, and
WHEREAS, the governing body of said City is now fully
empowered to issue said bonds and to enter into a lease with said
Company,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL, OF
THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: '
Section 1. That the City of Jefferson, Missouri, is
hereby authorized to purchase and construct an industrial plant
to be leased to Interco Incorporated, a Delaware corporation, for
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manufacturing and industrial development ment p ur oses, including real
estate, buildings, fixtures and machinery, on the real estate
described in Schedule 1 attached hereto, together with all build-
ings and improvements and machinery and equipment constructed or
located thereon pursuant to the provisions of Article IV of the
Lease herein authorized, said real estate being hereinafter
referred to as the "Land", and said plant and Land hereinafter+
referred to as the "Project" (said Project being referred to in
the Lease herein authorized as the "Facility") , in accordance with
the provisions of the Lease dated July 1, 1966, between said City
and Interco Incorporated, hereinafter sometimes referred to as
the "Lease", a copy of said Lease being attached hereto and marked
Exhibit "A", as provided in Section 16 of this ordinance .
Section 2 . That for the purpose of providing funds for
purchasing and constructing an industrial plant to be leased to
Interco Incorporated, a Delaware corporation, for manufacturing
and industrial development purposes, including real estate, build-
ings, fixtures and machinery, there shall be issued and hereby are
authorized and directed to be issued, an issue of Industrial Reve-
nue Bonds, Series of 3.966, of the City of Jefferson, Missouri, in
the principal amount of $8,500,000, said Bonds herein authorized,
hereinafter sometimes referred to as the "Bonds " or the "Revenue
Bonds". Said Bonds and all interest thereon shall be payable
solely from the rents and revenues derived from the Project and
not from any other fund or source and shall not constitute a debt
of said City within the meaning of any constitutional or statutory
limitation.
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Section 3. That said issue of Industrial Revenue Bonds,
Series of 1966, of the City of Jefferson, Missouri, shall consist
of 1,700 bonds numbered from 1 to 1700, inclusive, each of said
bonds being in the denomination of $5,000. All of said bonds shall
be dated July 1, 1956, and shall be numbered, shall become due .
serially on July 1 in each year and shall bear interest as follows:
MATURITY INTEREST
NUMBERS AMOUNT JULY 1 RATE
1 - 4o $ 200,000 1968 4 112;6
41 - 81 205,000 1969 4 1/2%
82 - 124 215,000 1970 4 1/2N
125 - 169 225,000 1971 4 1/2%
170 - 216 235,000 1972 4 1/2
217 - 265 245,000 1973 4 1/2%
266 - 317 2 6o,000 1974 4 1/2%
318 - 371 270,000 1975 4 1/2;
Z72 -428 285,000 1976 4 1/2
9 487 295 000 1977 4 7/8�
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488 549 310,000 1978 4 7/8,,
550 - 614 325,000 1979 4 7/8%
615 - 682 340,000 1980 4 7/80
683 - 754 360, 000 1981 4 7/8;6
755 - 829 375, 000 1982 4 7/8%
830 - 908 395,000 1983 4 7/8%
909 - 1700 3,96o,000 1991 50
Said Bonds shall bear interest from date, payable semi-
annually on January 1 and July 1 in each year.
Each of said Bonds numbered 1 to 1700, inclusive, shall
be subject to redemption and payment at any time upon either of
the following conditions or events: (1) if title to, or the
use for a limited period of, substantially all of the Project-
subject to said Lease, be condemned by any authority having the
power of eminent domain; or (2) if substantially all of the Project
is damaged or destroyed by fire or other. casualty. In either
of such events all of said Bonds shall be subject to redemption
at any time prior to their ultimate maturity at the par value
thereof, plus accrued interest thereon to date fixed for redemp-
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tion and payment, together with a premium which shall be equal
to three per cent (3 ) of the principal amount of the Bonds so
redeemed and paid, provided all of such bonds are redeemed and
paid according to their terms.
Each of said Bonds numbered 755 through 1700, inclusive,
shall be' subject to redemption and payment in whole or in part at
the option of the City, in inverse order of maturity (less than all
of the Bonds of a single maturity to be selected by lot in such
manner as may be designated by the City) on July 1, 1981, or on
any interest payment date thereafter at the following redemption
prices (expressed as percentages of principal amount) plus accrued
interest to date fixed for redemption and payment :
102; if redeemed July 1, 1981 through January 1, 1983, inclu-
sive,
101% if redeemed July 1, 1983 through January 1, 1986, inclu-
sive,
100 1/2% if redeemed July 1, 1986 through January 1, 1989,
inclusive,
100% if redeemed July 1, 1989 and thereafter.
Each of said Bonds numbered 909 to 1700, inclusive,
maturing July 1, 1991, are also subject to mandatory redemption
and payment in specified annual amounts, pursuant to the terms of
the Sinking Fund hereinafter set forth on July 1, 1984, and on each
July 1 thereafter to and including July 1, 1991, at 100% of the
principal amount thereof, plus accrued interest to the redemption
date. As and for a Sinking Fund for the retirement of bonds
maturing July 1, 1991, the rent payments specified in the Lease
which are to be deposited in the Principal and Interest Account on
June 15, 1984, and on June 15 in each year thereafter to and includ-
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ing June 15, 1991, shall be sufficient to redeem and the City hereby
agrees to redeem or, in the case of the 1991 payment, to pay
the following principal amounts of boilds:
Mandatory Mandatory
Sinking Fund Sinking Fund
Redemption of Redemption of
July 1 Bonds Maturing July 1 Bonds Maturing
of the Year July 1, 1291 , of the Year July 11 1991
1984 $415.'000 1988 $505.,060
1985 4353000 1989 530,000
1986 4555,000 1990 5R51000
1987 48o,000 1991 585,000
The Bonds maturing July 1, 1991 to be redeemed and paid
pursuant to the operation of the Sinking Fund shall be selected by
lot in such manner as may be designated by the City.
Notice of any redemption provided for by this ordinance
shall be given by United States registered mail to the Paying
Agent herein designated and to the original purchasers of said
Bonds, such notice to be mailed at least 30 days prior to the date
fixed for redemption and payment and to specify the numbers of the
Bonds to be redeemed and paid . Notice of any such redemption
shall also be published once not less than 30 days or more than
90 days prior to the date fixed for redemption in some financial
,journal published and of general circulation in New York, New York.
Interest shall cease on any of said Bonds so called for redemption
and payment as of the redemption date, provided funds are available
to pay the same according to their terms .
Said Bonds and the interest coupons to be attached there-
to shall be payable in lawful money of the United States of America
at either the principal office of The Chase Manhattan Bank, National
Association, in the City of New York, New York, or Mercantile Trust
Company, National Association, in the City of St. Louis, Missouri .
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Section 4. Said Bonds shall be executed for and on behalf
of the City by the facsimile signature of the Mayor and the manual
signature of the City Clerk and the seal of said City shall be af-
fixed thereto. Interest coupons shall be attached to said Bonds
representing the interest thereon and said interest coupons shall
bear the facsimile signatures of said Mayor and City Clerk.
Section 5. Each of said Bonds and the interest coupons
attached thereto shall be in substantially the following form:
No. $5,000
UNITED STATES OF AMERICA
STATE OF MISSOURI
COUNTY OF COLE
CITY OF JEFFERSON
INDUSTRIAL REVENUE BOND, SERIES OF 1966
KNOW ALL MEN BY THESE PRESENTS: That the City of Jeffer-
son in the County of Cole, State of Missouri, a municipal corpora-
tion, for value received, hereby promises to pay the bearer hereof,
solely out of the revenues hereinafter referred to, the sum of
FIVE THOUSAND DOLLARS
in lawful money of the United States of America, on the First day
AM of July, 19 �, and to pay interest thereon from the date hereof at
the rate of per cent
per annum, payable semiannually on January 1 and July 1
in each year after the date hereof until the said principal sum
shall have been paid, upon presentation and surrender of the inter-
est coupons hereto attached, bearing the facsimile signatures of
the Mayor and City Clerk of said City, as said coupons severally
become due.
Both principal of and interest on this Bond are payable
in lawful money of the United States of America at either the
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principal office of The Chase Manhattan Bank, National Association,
in the City of New York, New York, or Mercantile Trust Company,
National Association, in the City of St. Louis, Missouri .
This Bond is one of an authorized series of 1700 Bonds
of like date and tenor, except as to number, interest rate, privi-
lege of redemption and maturity aggregating the principal amount of
$8,500,000, numbered from l to 1700, inclusive, authorized by ordi-
nance of said City for the purpose of purchasing and constructing
an industrial plant to be leased to Interco Incorporated, a Dela-
were corporation, for manufacturing and industrial development
purposes, including real estate, buildings, fixtures and machinery,
said plant and the real estate on which the same is situated being
sometimes hereinafter referred to as the "Project", by the author-
ity of acid in conformity with the provisions, restrictions and
limitations of the Constitution and statutes of the State of
Missouri, including Section 27 of Article VI of the Constitution
of Missouri, 1945, as amended, and Sections 71.790 to 71.850, 1965
Supplement to Revised Statutes of Missouri, 1959, and all other
laws of said State applicable thereto and pursuant to an election
duly held in said City on June 14, 1966, and to ordinances duly
passed and proceedings duly had by the City Council of the City of
Jefferson, Missouri .
This Bond and the interest thereon are payable solely
from the rents and revenues due under a Lease of the Project by the
City to Interco Incorporated, a Delaware corporation, dated July 1,
1966, which rents and revenues are pledged to the payment of the
principal of and interest on this Bond and the series of Bonds of
which this Bond is a part, and this Bond does not constitute a debt
of said City within the meaning of any constitutional or statutory
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limitation. Reference is hereby made to the ordinance authorizing
the issue of Bonds of which this Bond is one, and to said Lease for
a description of the covenants of the City with respect to the col-
lection, segregation and application of the rents and revenues of
the Project, the rights, duties and obligations of the City with
respect thereto, and the rights of the holders of the series of
Bonds of which this Bond is one.
Each of the Bonds of the series of which this Bond
is one is subject to redemption and payment prior to maturity
at any time upon either of the following conditions or events:
(1) if title to, or the use for a limited period of, substantially
all of the Project be condemned by any authority having the power
of eminent domain, or (2) if substantially all of the Project is
damaged or destroyed by fire or other casualty. In either of such
events, all of said Bonds shall be subject to redemption and pay-
ment at the par value thereof plus accrued interest thereon to date
of redemption, together with a premium of three per cent (-,:),C;J,) of
the principal amount of the Bonds so called for redemption and pay-
ment, provided all of said Bonds are redeemed and paid according
to their terms.
Each of the Bonds of the series of which this Bond is
one maturing in the years 1982 to 1991, inclusive, is subject to
redemption and payment at the option of said City in whole or in
part, in inverse order of maturity (less than all of such Bonds to
be selected by lot in such manner as may be designated by the City),
on July 1, 1981, or on any interest payment date thereafter, at the
following redemption prices (expressed as percentages of principal
amount ) plus accrued interest to the date fixed for redemption and
payment :
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102% if redeemed July 1, 1981 through January 1, 3.983, inclu-
sive,
101% if redeemed July 1, 1983 through January 1, 1986, inclu-
sive,
100 1/2% if .redeemed July 1, 1986 through January 1, 1989,
inclusive,
100% if redeemed July 1, 1989 and thereafter.
Bonds maturing on July 1, 1991, are also subject to manda-
tory redemption in specified annual amounts, pursuant to the terms of
the Sinking Fund provided for in the ordinance authorizing the Bonds
of the series of which this Bond is one, on July 1, 198+ and on each
July 1 thereafter to and including July 1, 1991, at 100% of the
principal amount thereof plus accrued interest to the redemption date.
Notice of the City 's intention to redeem and pay said
Bonds pursuant to any of the redemption provisions aforesaid,
specifying the numbers of the Bonds to be redeemed and paid, shall
be given by United States registered mail to The Chase Manhattan
Bank, National Association, in the City of New York, New York, and
Mercantile Trust Company, National Association, in the City of
St. Louis, Missouri, not less than 30 days prior to the date fixed
for redemption and payment. Notice of any such redemption shall
also be published once not less than 30 days or more than 90 days
prior to the date fixed for redemption in some financial journal
published and of general circulation in New York, New York.
It is hereby declared and certified that all acts, con-
ditions and things required to be done and to exist precedent to
and in the issuance of this Bond, and of the issue of which this
Bond is one, have been properly done and performed, have happened
and do exist in due and regular form and manner as required by the
Constitution and statutes of the State of Missouri .
IN WITNESS WHEREOF, the City of Jefferson.. Missouri, has
caused this Bond to be signed by the facsimile signature of its
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Mayor, attested by the manual signature of its City Clerls and its
corporaL-e seal to 'ee affixed hereto and the interest coupons hereto
attached to be signed with the facsimile signatures of said officers
and this Bond to be dated this First day of July, lg�G.
(facsimile)
Mayor
ATTEST
1 y Clerk
(FORM OF COUPON)
Coupon No. $
January,
On the First day of July, 19,`, unless the bond to which
this coupon is attached be called for redemption and payment duly
made or provided for, the City of Jefs�ersorl, Missouri, caill pay
to bearer solEly from the revenues received from the rents and
revenues derived i'rom the Protect described in the Bond to which
this coupon is attached, and not from any other fund or source,
Dollars in lawful money of
the United States of America dt either the principal office of
The Chase Manhattan Bank, National Association, in the City of
`-�� New York, I3'ew York, or Mercantile Trust Company, National Associa-
tion, in the City of St . Louis, Missouri, being interest due on
that date on its Industrial Revenue Bond, Series of 1g6�, dated
July 1, 19b�, No. "
�,_�___ (facsimile)
Mayor
ATTEST:
(facsimile)
City Clerk
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Section 6. That the Mayor and City Clerk are hereby
authorized and directed to prepare and execute the Industrial
Revenue Bonds, Series of 1966, hereinbefore described, and to
deliver said Bonds to Glore Forgan, Wm. R. Staats Inc . , of Chicago,
Illinois and Stern Brothers & Co. , of Kansas City, Missouri, the
purchasers thereof, on payment of the purchase price .
Section 7. There is hereby authorized and ordered to be
established in the hands of Central Missouri Trust Company, in the
City of Jefferson City, Missouri, hereby designated as the City 's
Fiscal Agent and hereinafter referred to as the "Fiscal Agent", a
separate fund or account designated as "Interco Incorporated
Construction Fund", hereinafter referred to as the "Construction
Fund", into which the proceeds from the sale of said Bonds shall
be deposited.
Section 8. Concurrently with the issuance of said Bonds,
the Fiscal Agent shall withdraw from said Construction Fund any
accrued interest from the sale of said Bonds together with a sum
which shall aggregate the sum necessary to pay the interest becom-
ing due on said Bonds on January 1 and July 1, 1967, said amount
AIN representing the interest due on said Bonds during the estimated
period of construction of the Project, and shall deposit the same
in the City of Jefferson, Missouri, Principal and Interest Account
for Industrial Revenue Bonds (Interco Incorporated Project), Series
of 1966, dated July 1, 19663 hereinafter created.
Section 9. The Fiscal Agent shall make disbursements
from said Construction Fund for the completion of the Project in
accordance with the terms and provisions of the Lease dated July
1, 1966, between said City and Interco Incorporated, authorized
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Ah
by the provisions of this ordinance. Any moneys in said Fund not
required for said purpose shall be deposited in said Principal and
Interest Account at such time as the Company shall certify that
the Project is complete.
Section 14. There is hereby authorized and ordered to be
established in the hands of the Fiscal Agent, a separate fund or ac-
count, hereby designated as the "City of Jefferson, Missouri, Prin-
cipal and Interest Account for Industrial Revenue Bonds (Interco
Incorporated Project), Series of 1966, dated July 1, 1966", here-
inafter referred to as "Principal and Interest Account" . The City
covenants and agrees that from and after the delivery of any of the
Revenue Bonds herein authorized, and continuing as long as any of
said Bonds shall remain outstanding, said City will maintain said
Account with the Fiscal Agent . All payments of basic rent due
under said Lease between said City and Interco Incorporated shall
be applied and allocated by said Fiscal Agent, beginning on Decem-
ber 15, 1967, and continuing on June 15 and December 15 in each
year thereafter through June 15, 1991, or as long as any of
said Revenue Bonds remain outstanding and unpaid, to said Principal
and Interest Account . All amounts credited to and deposited in said
IP Principal and Interest Account shall be expended and used by the
City's Fiscal Agent and transferred to the Paying Agents for the
sole purpose of paying the principal of and interest on the Revenue
Bonds herein authorized as and when the same become due or are
called for redemption.
Section 11. Any moneys received by said Fiscal Agent
from Interco Incorporated to enable said City to call said Bonds
for redemption and payment prior to their ultimate maturity shall
be deposited in said Principal and Interest Account and shall be
applied solely for the purpose of redeeming and paying said Bonds,
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including the payment of any necessary premium due on said Bonds
upon call for redemption and payment. On receipt of any such
funds said City shall immediately proceed to give notice of such
redemption in the manner herein specified.
Section 12. Moneys in the Interco Incorporated Construc-
tion Fund shall, unless otherwise instructed by the Company, be
invested by the Fiscal Agent in direct obligations of the United
States Government becoming due within 12 months from the date of
Affik purchase . Moneys allocated and credited to and deposited in the
Principal and Interest Account may be invested by the Fiscal Agent
upon instructions from the Company in bonds or other obligations
of the United States becoming due not more than 30 days prior to
the next principal or interest payment date provided, however,
that moneys in said Principal and Interest Account in any amount
in excess of the amount necessary to pay the principal of and
interest on said Bonds becoming due on the next principal or
interest payment date, may be invested by the Fiscal Agent, upon
instruction from the Company, in bonds or other obligations of the
United States Government, or agencies thereof, having a fixed
redemption value, or becoming due without loss of principal not
later than June 15, 1991. No investments shall be made pursuant
to this Section 12 of this ordinance for a period longer than the
time the Fiscal Agent shall determine that such funds are not re-
quired for the purpose for which they are intended . All interest
on any bonds or obligations held in said Construction Fund or in
said Principal and Interest Account shall be deposited in said
Principal and Interest Account, and shall accrue to and become a
part of such Account.
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Section 13. So long as any of the principal of and
interest on the Revenue Bonds herein authorized remain outstanding
and unpaid, or until payment thereof provided for, the City cove-
nants with each of the purchasers and owners of said Bonds as
follows :
(A) The City will comply fully with all the terms,
provisions, and conditions of the Lease which require performance
by, or impose duties on the City and that the City will not permit
any default in said Lease to occur on the part of the City; that
it will fully and promptly enforce all of the terms, provisions
and conditions of the Lease which require performance by, or im-
pose duties on Interco Incorporated, and in the event of the
occurrence of a default, as defined in the Lease, will exercise
all rights, remedies conferred by the Lease and the laws of the
State of Missouri for the full and complete protection of the
security and rights of the bondholders and to the extent permitted ,
by the Lease, will use its best efforts to procure a new tenant or
tenants for the leased property under Lease provisions which will
provide funds sufficient in amount to make the rental payments
and other charges which Interco Incorporated is required to make
under the Lease dated July 1, 1966, and will deposit the same in
the Principal and Interest Account. If the City is unable to
procure a new tenant who will enter into such a lease, the City
may, if at the time permitted by law, sell the Project at a
price which shall be not less than the amount of then outstanding
Revenue Bonds plus interest then unpaid.
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low
(B) The City will enforce collection of the rental pay-
ments and other charges in the amounts and at the times set forth
in the Lease authorized by this ordinance and will not reduce or
cause or permit to be reduced the rental payments and other charges
fixed, established and required by the Lease nor change or alter
the time or times when the same are due and payable under said
Lease, except as provided in the Lease.
(C) That until payment of all the Bonds herein author-
ized, and interest thereon has been duly made or provided for, the
City will not consent to any change, amendment, modification or
termination of said Lease, except as provided therein, which will
in any manner affect adversely the rights, remedies or interest
of the holders of the Bonds herein authorized.
(D) Any proceeds of condemnation awards, insurance pro-
ceeds or other funds intended for the purpose of paying said Bonds
and the interest thereon prior to their ultimate maturity, will be
used solely and exclusively for said purpose. Upon receipt of any
such funds, if said Bonds then be subject to redemption and pay-
ment or as soon thereafter as said Bonds become subject to re-
demption, the City shall promptly call said Bonds according to
their terms and shall give notice of such redemption as provided
in this ordinance, provided all of said Bonds then outstanding are
so redeemed and paid. Any such funds shall be deposited with the
Fiscal Agent and the same shall be used solely for the payment of
the Revenue Bonds herein authorized, accrued interest thereon, any
premium provided for by this ordinance and for the charges of the
Fiscal Agent for paying the same.
(E) The City will not issue any other obligations pay-
able from payments made by Interco Incorporated, pursuant to the
Lease, nor voluntarily create or cause to be created any debt,
lien, pledge, assignment, encumbrance, or any other charge on said
payments or on the property subject to said Lease nor will it,
unless required by law or provided for by the terms of said Lease
sell or otherwise dispose of the Facility or any part thereof;
provided, however, that said City may issue from time to time
additional industrial revenue bonds for the purpose of extending
and improving the facilities financed out of the proceeds of this
bond issue or constructing and equipping additional improvements
which extensions and improvements may be located on the land here-
inbefore described, providing the following terms and conditions
are met:
(a) The City shall have entered Into a lease or agree-
ment with Interco Incorporated at rentals or payments at
least sufficient to pay the principal of and interest on
said bonds;
(b) Interco Incorporated is not in default with
respect to the payment of rent.
(F) The City will cause the Company to keep constantly
insured all buildings and improvements from time to time constitu-
ting a part of the property and premises leased to the Company,
in the manner provided for by the Lease herein authorized. The
City's shares of the proceeds of any such insurance policies shall
be payable to and deposited with the Fiscal Agent as Insurance
Trustee. Any of the proceeds of such policies shall be used and
applied in the manner set forth in Article XXII of said Lease.
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(G) The City will cause the Fiscal Agent to keep books
and records relating to the Project, which shall be separate and
apart from all other books, records and accounts of the City, in
which complete and correct entries shall be made in accordance with
standard principles of accounting of all transactions relating to
the leased property and improvements, and the original purchasers
of the Revenue Bonds herein authorized, any bondholder or Interco
Incorporated, or their agents, shall have the right at all reason-
Ak times to inspect all records, accounts and data of the City
relating to the leased property and improvements.
Section 14. The provisions of the Bonds authorized by
this ordinance and provisions of this .ordinance may be modified
or amended at any time by the City with the written consent of the
holders of not less than 75% in aggregate principal amount of the
Bonds herein authorized at the time outstanding; provided, that
no such modification or amendment shall permit or be construed as
permitting: (a) the extension of the maturity of the principal of
any of the Bonds issued hereunder, or the extension of the maturity
of any interest on any Bonds issued hereunder, (b) a reduction in
AM
the principal amount of any Bonds or the rate of interest thereon,
or (c) a reduction in the aggregate principal amount of Bonds,
the consent of the holders of which is required for any such
amendment or modification. Any provision of the Bonds or of this
ordinance may, however, be modified or amended in any respect with
the written consent of the holders of all of the Bonds then out-
standing. Every amendment or modification of 'a provision of the
Bonds or of this ordinance to which the written consent of the
bondholders is given as above provided shall be expressed in an
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ordinance of the City amending or supplementing the provisions of
this ordinance and shall be deemed to be a part of this ordinance.
It shall not be necessary to note on any of the outstanding Bonds
any reference to such amendment or modification, if any. A certi-
fied copy of every such amendatory or supplemental ordinance, if
any, and a certified copy of this ordinance shall be kept on file
in the office of the City Clerk and shall be made available for
inspection by the holder of any Bond or prospective purchaser or
holder of any Bond authorized by this ordinance, and upon payment
of the reasonable cost of preparing the same, a certified copy of
any such amendatory or supplemental ordinance or of this ordinance
will be sent by the City Clerk to any such bondholder or prospective
bondholder.
Section 15. The provisions of this ordinance shall
constitute a contract between the City of Jefferson, Missouri, and
the holders of the Revenue Bonds herein authorized, and the holder
of any one or more of said Bonds may sue, in any action, in
mandamus injunction, or other proceedings, either at law or in
equity, to enforce or compel performance of all duties and obliga-
tions required by this ordinance to be done or performed by said
City. Nothing contained in this ordinance shall, however, be
construed to impose on said City any duty or obligations to levy
any taxes either to meet any obligation contained herein or to pay
the principal of or interest on the Revenue Bonds of the City
herein authorized.
Section 16. That the tract of land hereinbefore de-
scribed and the improvements and equipment to be acquired, in-
stalled and constructed thereon, pursuant to this ordinance and
said Lease, shall be leased to Interco Incorporated under and
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pursuant to the Lease dated July 1, 1966, in the form attached to
this ordinance and marked Exhibit "A", which Lease the Mayor and
City Clerk are hereby authorized and directed to execute for and
on behalf of and as the act and deed of the City of Jefferson,
Missouri .
Section 17. If any one or more of the covenants, agree-
ments or provisions of this ordinance or of said 'Lease dated July
is 1966, should be held contrary to any express provision of law
or contrary to the policy of express law, though not expressly
prohibited, - or against public policy, or shall for any reason
Am
whatsoever be held invalid, then such covenants, agreements or
provisions shall be null and void and shall be deemed separate
from the remaining covenants, agreements or provisions, and shall
in no way affect the validity of the other provisions of this
ordinance or of the Bonds issued hereunder, or of the Lease .
Section 18. That this ordinance shall be in full force
and effect from and after its passage and approval .
PASSED by the City Council this day of Ju y, 1966.
ATTEST:
Mayor
City Clerk
APPROVED by the Mayor this day of July, 19 6.
ATTEST: •
Mayo
ity Clerk
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