HomeMy Public PortalAbout03174 O R D I N A N C E NO. 3174
AN ORDINANCE appropriating Four Hundred Twenty-five
Thousand Dollars ($425,000.00) from the unappropriated balance of
the Mississippi River Subdistrict Principal and Interest Account
to be used for the purchase of Four Hundred Fifty Thousand Dollars
($450,000.00) par value Mississippi River Subdistrict Sewer Bonds
dated August 1, 1967 and maturing on February 1, 1987, together
with their accrued interest.
WHEREAS, the owners of such bonds have offered to sell
them to the District at the price and sum of Four Hundred Fourteen
Thousand Five Hundred Seventeen Dollars Fifty Cents ($414,517.50),
plus accrued interest from August 1, 1976 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 Four Hundred Twenty-five
Thousand Dollars ($425,000.00) is hereby appropriated from the
unappropriated surplus of the Mississippi River Subdistrict
Principal and Interest Account to be used for the purchase of Four
Hundred Fifty Thousand Dollars ($450,000.00) par value Mississippi
River Subdistrict Sewer Bonds dated August 1, 1967 and maturing on
February 1, 1987, together with payment of the accrued interest
thereon from August 1, 1976 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 December 8, 1976.