HomeMy Public PortalAbout04152 O R D I N A N C E NO. 4152
AN ORDINANCE, appropriating Nineteen Thousand Seven
Hundred Dollars ($19,700.00) from the unappropriated balance of
the Fee Fee Sewer Revenue Bond Redemption Account to be used for
the purchase of Twenty-five Thousand Dollars ($25,000.00) par
value Fee Fee Trunk Sewer Subdistrict Revenue Bonds dated December
1, 1977, and maturing on December 1, 1991: 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 Nineteen Thousand
Three Hundred Twenty-six Dollars Seventy-five Cents ($19,326.75),
plus accrued interest from June 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 Nineteen Thousand Seven
Hundred Dollars ($19,700.00) is hereby appropriated from the
unappropriated balance of the Fee Fee Sewer Revenue Bond
Redemption Account to be used for the purchase of Twenty-five
Thousand Dollars ($25,000.00) par value Fee Fee Trunk Sewer
Subdistrict Revenue Bonds dated December 1, 1977, and maturing on
December 1, 1991, together with payment of the accrued interest
thereon from June 1, 1980, 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
2
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.
3
The foregoing Ordinance was adopted August 27, 1980.