HomeMy Public PortalAbout03915 O R D I N A N C E NO. 3915
AN ORDINANCE, appropriating One Hundred Seventy-five
Thousand Seven Hundred Fifty Dollars ($175,750.00) from the un-
appropriated balance of the Mississippi River Subdistrict
Principal and Interest Account to be used for the purchase of Two
Hundred Thousand Dollars ($200,000.00) par value Mississippi River
Subdistrict Sewer Bonds dated February 1, 1965 and maturing
February 1, 1983, together with their accrued interest.
WHEREAS, the owners of such bonds have offered to sell
to the District Two Hundred Thousand Dollars ($200,000.00) par
value of such bonds maturing February 1, 1983 for One Hundred
Seventy-three Thousand Seven Hundred Thirty-six Dollars
($173,736.00), 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 One Hundred Seventy-five
Thousand Seven Hundred Fifty Dollars ($175,750.00) is hereby
appropriated from the unappropriated balance of the Mississippi
River Subdistrict Principal and Interest Account to be used for
the purchase of Two Hundred Thousand Dollars ($200,000.00) par
value Mississippi River Subdistrict Sewer Bonds dated February 1,
1965 and maturing on February 1, 1983, 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 28, 1979.
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