HomeMy Public PortalAbout03856 O R D I N A N C E NO. 3856
AN ORDINANCE, appropriating Eight Thousand Nine Hundred
Seventy-five Dollars ($8,975.00) from the unappropriated balance
of the Mississippi River Principal and Interest Fund to be used
for the purchase of Ten Thousand Dollars ($10,000.00) par value
Mississippi River Subdistrict Sewer Bonds dated February 1, 1966,
and maturing on February 1, 1984, 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 Eight Thousand Nine
Hundred Twenty-five Dollars ($8,925.00), plus accrued interest
from August 1, 1979, 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 Eight Thousand Nine Hundred
Seventy-five Dollars ($8,975.00) is hereby appropriated from the
unappropriated balance of the Mississippi River Principal and
Interest Fund to be used for the purchase of Ten Thousand Dollars
($10,000.00) par value Mississippi River Subdistrict Sewer Bonds
dated February 1, 1966, and maturing on February 1, 1984, together
with payment of the accrued interest thereon from August 1, 1979,
until date of sale and payment thereof.
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 September 12, 1979.
-2-