HomeMy Public PortalAbout02196 O R D I N A N C E NO. 2196
AN ORDINANCE appropriating Thirty-nine Thousand Dollars
($39,000.00) from the unappropriated surplus of the Mississippi
River Subdistrict Principal and Interest Account to be used for
the purchase of Forty Thousand Dollars ($40,000.00) par value
Mississippi River Subdistrict Sewer Bonds dated February 1, 1965
and maturing on February 1, 1983, and for Ten Thousand Dollars
($10,000.00) par value of such bonds dated February 1, 1965 and
maturing on February 1, 1985, together with their accrued
interest, if any.
WHEREAS the owners of such bonds have offered to sell
them to the District at the price and sum of Thirty-eight Thousand
One Hundred Fifty Dollars ($38,150.00), plus accrued interest if
any, from August 1, 1971 until date of sale, and
WHEREAS the District is willing to purchase such bonds
upon such terms,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Thirty-nine Thousand Dollars
($39,000.00) is hereby appropriated from the unappropriated
surplus of the Mississippi River Subdistrict Principal and
Interest Account to be used for the purchase of Forty Thousand
Dollars ($40,000.00) par value Mississippi River Subdistrict Sewer
Bonds dated February 1, 1965 and maturing on February 1, 1983, and
for Ten Thousand Dollars ($10,000.00) par value Mississippi River
Subdistrict Sewer Bonds dated February 1, 1965 and maturing on
February 1, 1985, together with payment of the accrued interest
thereon, if any, from August 1, 1971 until date of sale and
payment therefor.
Section Two. Upon receipt of such bonds by the
Secretary-Treasurer he is hereby authorized and directed to cancel
and retire such bonds, together with their then outstanding
interest coupons.
Section Three. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted July 29, 1971.