HomeMy Public PortalAbout04083 O R D I N A N C E NO. 4083
AN ORDINANCE, appropriating Eight Thousand Eight
Hundred Dollars ($8,800 00) from the unappropriated balance of the
Mississippi River Subdistrict Principal and Interest Account to be
used for the purchase of Ten Thousand Dollars ($10,000.00) par
value Mississippi River Subdistrict Sewer Bonds dated August 1,
1967 and maturing February 1, 1987, together with their accrued
interest.
WHEREAS, the owners of such bonds have offered to sell
to the District Ten Thousand Dollars ($10,000.00) par value of
such bonds maturing February 1, 1987 for Eight Thousand Six
Hundred Twenty-seven Dollars, Thirty Cents ($8,627.30), plus
accrued interest from February 1, 1980 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 Eight Hundred
Dollars ($8,800.00) is hereby appropriated from the unappropriated
balance of the Mississippi River Subdistrict Principal and
Interest Account to be used for the purchase of Ten Thousand
Dollars ($10,000.00) par value Mississippi River Subdistrict Sewer
Bonds dated August 1, 1967 and maturing February 1, 1987, together
with payment of the accrued interest thereon from February 1, 1980
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 June 25, 1980.