HomeMy Public PortalAbout03671 O R D I N A N C E NO. 3671
AN ORDINANCE, appropriating Nine Thousand Forty-eight
Dollars and Forty-nine Cents ($9,048.49) from the Missouri Bottoms
Operating Fund for the semi-annual payment of interest due on the
evidence of indebtedness given for the acquisition of the Missouri
Bottoms Sewer Company, for the period from July 1, 1978 to
December 31, 1978.
WHEREAS, the Agreement of Purchase and Sale by and
among The Metropolitan St. Louis Sewer District and the
shareholders of The Missouri Bottoms Sewer Company specified that
the District would pay for the acquisition of such company by two
notes, bearing interest at six percentum (6%), payable June 30 and
December 31 of each year on the unpaid balance,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Nine Thousand Forty-eight
Dollars and Forty-nine Cents ($9,048.49) is hereby appropriated
from the Missouri Bottoms Operating Fund for the semi-annual
payment of interest due on the evidence of indebtedness given for
the acquisition of the Missouri Bottoms Sewer Company, for the
period from July 1, 1978 to December 31, 1978.
The foregoing Ordinance was adopted December 13, 1978.