HomeMy Public PortalAbout03929 O R D I N A N C E NO. 3929
AN ORDINANCE, appropriating Forty-two Thousand Nine
Hundred Eighty Dollars ($42,980.00) from the unappropriated
balance of the Watkins Creek Trunk Subdistrict Principal and
Interest Fund to be used for the purchase of Fifty Thousand
Dollars ($50,000.00) par value Watkins Creek Trunk Subdistrict
Sewer Bonds dated November 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 Forty-two Thousand
Dollars ($42,000.00), 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 Forty-two Thousand Nine
Hundred Eighty Dollars ($42,980.00) is hereby appropriated from
the unappropriated balance of the Watkins Creek Trunk Subdistrict
Principal and Interest Fund to be used for the purchase of Fifty
Thousand Dollars ($50,000.00) par value Watkins Creek Trunk
Subdistrict Sewer Bonds dated November 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
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 January 9, 1980.
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