HomeMy Public PortalAbout03892 O R D I N A N C E NO. 3892
AN ORDINANCE, appropriating Twenty-five Thousand Three
Hundred Sixty-one Dollars ($25,361.00) from the unappropriated
balance of the Mississippi River Subdistrict Principal and
Interest Account to be used for the purchase of Thirty Thousand
Dollars ($30,000.00) par value Mississippi River Subdistrict Sewer
Bonds dated February 1, 1966, and maturing on February 1, 1985,
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 Twenty-five Thousand
Sixty Dollars Eighty Cents ($25,060.80), 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 Twenty-five Thousand Three
Hundred Sixty-one Dollars ($25,361.00) is hereby appropriated from
the unappropriated balance of the Mississippi River Subdistrict
Principal and Interest Account to be used for the purchase of
Thirty Thousand Dollars ($30,000.00) par value Mississippi River
Subdistrict Sewer Bonds dated February 1, 1966, and maturing on
February 1, 1985, 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 November 14, 1979.
-2-