HomeMy Public PortalAbout00101 O R D I N A N C E NO. 101
AN ORDINANCE to provide for the furnishing of a surety
bond by the Assistant Secretary-Treasurer of the District,
prescribing the amount thereof, the character of the surety and
the method of approval.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Assistant Secretary-Treasurer shall,
before entering upon the discharge of his duties, give bond in the
sum of One Hundred Thousand Dollars ($100,000.00) to the District.
Section Two. The bond shall be furnished with a surety
company authorized to do business in the State of Missouri and
approved by the Board as a surety.
Section Three. The bond furnished pursuant to this
ordinance shall be in such form as may be prescribed by the
Counsel for the Board.
Section Four. The premiums on such bond shall be
billed to the District and shall be paid by the District, and the
bond shall be filed in accordance with Section 7.070 of the Plan
of The Metropolitan St. Louis Sewer District.
Section Five. The necessity for the Assistant
Secretary-Treasurer of the District to furnish bond before
entering upon the performance of his duties, and the immediate
need for the functioning of such officer creates an emergency
within the meaning of the Plan and this ordinance shall take
effect immediately upon its enactment.
The foregoing Ordinance was adopted September 10, 1956.