HomeMy Public PortalAbout03607 O R D I N A N C E NO. 3607
AN ORDINANCE, appropriating Forty-three Thousand Five
Hundred Dollars ($43,500.00) from the unappropriated balance of
the Coldwater Creek Sewer Revenue Bond Redemption Account to be
used for the purchase of Fifty Thousand Dollars ($50,000.00) par
value Coldwater Creek Trunk Subdistrict Sewer Revenue Bonds dated
August 1, 1963, and maturing on June 1, 1986, 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 Forty-two Thousand
Four Hundred Thirty Dollars ($42,430.00), plus accrued interest
from June 1, 1978, 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 Forty-three Thousand Five
Hundred Dollars ($43,500.00) is hereby appropriated from the
unappropriated balance of the Coldwater Creek Sewer Revenue Bond
Redemption Account to be used for the purchase of Fifty Thousand
Dollars ($50,000.00) par value Coldwater Creek Trunk Subdistrict
Sewer Revenue Bonds dated August 1, 1963, and maturing on June 1,
1986, together with payment of the accrued interest thereon from
June 1, 1978, 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 October 11, 1978.
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