HomeMy Public PortalAbout03653 O R D I N A N C E NO. 3653
AN ORDINANCE, appropriating Fifty-two Thousand Seven
Hundred Dollars ($52,700.00) from the unappropriated balance of
the Mississippi River Subdistrict Principal and Interest Account
to be used for the purchase of Fifty-five Thousand Dollars
($55,000.00) par value Mississippi River Subdistrict Sewer Bonds
dated February 1, 1966 and maturing on February 1, 1981, 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 Fifty-two Thousand
Twenty-one Dollars Twenty Cents ($52,021.20), plus accrued
interest from August 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 Fifty-two Thousand Seven
Hundred Dollars ($52,700.00) is hereby appropriated from the
unappropriated balance of the Mississippi River Subdistrict
Principal and Interest Account to be used for the purchase of
Fifty-five Thousand Dollars ($55,000.00) par value Mississippi
River Subdistrict Sewer Bonds dated February 1, 1966 and maturing
on February 1, 1981, together with payment of the accrued interest
thereon from August 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 November 22, 1978.