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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.