HomeMy Public PortalAbout03870 O R D I N A N C E NO. 3870
AN ORDINANCE, appropriating Thirteen Thousand Three
Hundred Seventy-five Dollars ($13,375.00) 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 Two
Hundred Forty-five Dollars Ninety Cents ($13,245.90), 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 Thirteen Thousand Three
Hundred Seventy-five Dollars ($13,375.00) 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, 1979 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 10, 1979.
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