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O R D I N A N C E NO. 3136
AN ORDINANCE, awarding a contract to The Great-West Life
Assurance Company for the District's Reversionary Annuity Benefit
Contract (Widows' Benefit Insurance) from October 1, 1976, to a
date no later than September 30, 1979, with an emergency clause.
WHEREAS, bids were solicited from seventeen (17)
insurance companies for such Reversionary Annuity Benefit
Insurance.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Great-West Life Assurance Company, who
submitted the lowest bid for the District's Reversionary Annuity
Benefit Contract (Widows' Benefit Insurance) when the bids were
received and opened on September 14, 1976, at 10:00 A.M. at the
District's offices by the Attorney for the District, at and for
the premium rate of Seventeen-Thousand Fifty Dollars ($17,050.00)
per annum, is hereby awarded the contract for such Reversionary
Annuity Benefit Contract from October 1, 1976 to a date no later
than September 30, 1979.
Section Two. This Ordinance being for the award of a
contract for the District's Reversionary Annuity Benefit Insurance
and this being necessary for the protection of the District's
employees, constitutes an emergency within the meaning of the
Plan, and this Ordinance shall be and become effective immediately
upon its adoption.
The foregoing Ordinance was adopted September 22, 1976.