HomeMy Public PortalAbout03675 O R D I N A N C E NO. 3675
AN ORDINANCE, appropriating Thirteen Thousand Seven
Hundred Dollars ($13,700.00) from the unappropriated balance of
the Mississippi River Subdistrict Principal and Interest Account
to be used for the purchase of Fifteen Thousand Dollars
($15,000.00) 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 Thirteen Thousand
Three Hundred Sixty Dollars Fifty Cents ($13,360.50), 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 Thirteen Thousand Seven
Hundred Dollars ($13,700.00) is hereby appropriated from the
unappropriated balance of the Mississippi River Subdistrict
Principal and Interest Account to be used for the purchase of
Fifteen Thousand Dollars ($15,000.00) 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, 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 December 13, 1978.