Loading...
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. -2-