HomeMy Public PortalAboutR0073 R E S O L U T I O N NO. 73
A RESOLUTION to accept bid for One Hundred Twenty-five
Thousand Dollars ($125,000) of General Obligation Sewer Bonds of
Subdistrict Number Two of the River des Peres Watershed of The
Metropolitan St. Louis Sewer District.
WHEREAS, the bid and offer of Yates Heitner and Woods
for the purchase of One Hundred Twenty-Five Thousand Dollars
($125,000) of General Obligation Sewer Bonds of Subdistrict Number
Two of the River des Peres Watershed of The Metropolitan St. Louis
Sewer District, bearing interest as follows:
Maturities Rates of Interest
1958- 1976 3-3/8%
at and for the price and sum of One Hundred Twenty-five Thousand
One Hundred Forty and no/100 ($125,140.00) Dollars and accrued
interest to date of delivery, and at a net interest cost of Fifty
Thousand Seven Hundred Thirty-eight Dollars and Thirteen Cents
($50,738.13) is the highest and best bid made and offered for said
bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that the One Hundred
Twenty-five Thousand Dollars ($125,000), par value, of General
Obligation Sewer Bonds of Subdistrict Number Two of the River des
Peres Watershed of The Metropolitan St. Louis Sewer District,
authorized at a special election held in said Subdistrict on May
29, 1956, bearing interest as follows:
Maturities Interest Rates
1958 - 1976 3-3/8%
shall be and the said bonds are hereby awarded and sold to YATES
HEITNER and WOODS at and for the price and sum of One Hundred
Twenty-five Thousand One Hundred Forty and No/100 Dollars
($125,140.00) and accrued interest to date of delivery of said
bonds, and at a net interest cost of Fifty Thousand Seven Hundred
Thirty-eight Dollars and Thirteen Cents ($50,738.13) all in
accordance with the terms of sale as set forth and contained in
the notice of the sale of said bonds and in the proposal submitted
by said YATES HEITNER and WOODS.
BE IT FURTHER RESOLVED that the check of the
unsuccessful bidders for said bonds shall forthwith be returned to
them upon their receipt therefor, and that the check of the
successful bidders shall be held uncashed by the Secretary-
Treasurer pending delivery of the said bonds in accordance with
the terms of sale.
The foregoing Resolution was adopted July 11, 1956.
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