HomeMy Public PortalAbout11420ORDINANCE NO. 11420
AN ORDINANCE, authorizing the Executive Director and
Secretary-Treasurer to execute any and all instruments necessary to enable
Bear Stearns to serve as the Lead Underwriter for the District's financing team
as comprised of Bear Stearns, Morgan Stanley, Banc of America Securities, and
A.G. Edwards.
WHEREAS, Ordinance No. 11209, as adopted April 11, 2002,
designated the District's co-senior Bond Underwriters which comprise the
financing team,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and SecretaryTreasurer are
hereby authorized on behalf of The Metropolitan St. Louis Sewer District to
execute any and all instruments necessary to enable Bear Stearns to serve as
the Lead Underwriter for the District's financing team as comprised of Bear
Stearns, Morgan Stanley, Banc of America Securities and A.G. Edwards.
Section Two. Any instrument executed pursuant to Section One of
this ordinance shall be comprised of such terms and conditions as are approved
by the office of the General Counsel of the District, and the management fee to
be paid by the District to Bear Stearns for services provided hereunder shall not
exceed Dollars ($ ) on a cumulative basis.
The foregoing Ordinance was adopted January 23, 2003 by the following vote –
Ayes – C.D. Seward, A.J. Soukenik, T.W. Purcell, M.C. Williams, and J.M. Swartz.
Nays – None.
Secretary-Treasurer