HomeMy Public PortalAboutR0111 R E S O L U T I O N NO. 111
A RESOLUTION to accept bid for Two Hundred Forty
Thousand Dollars ($240,000.00) of General Obligation Sewer Bonds
of Subdistrict Number Four of the River des Peres Watershed (North
Affton) of The Metropolitan St. Louis Sewer District.
WHEREAS, the bid and offer of G. H. WALKER & CO. for
the purchase of Two Hundred Forty Thousand Dollars ($240,000.00)
of General Obligation Sewer Bonds of Subdistrict Number Four of
the River des Peres Watershed (North Affton) of The Metropolitan
St. Louis Sewer District, bearing interest as follows:
Maturities Rates of Interest 1959-67 4% 1968-77 3-3/4%
at and for the price and sum of Two Hundred Forty Thousand Thirty-
Eight and no/100 ($240,038.00) Dollars and accrued interest to
date of delivery, and at a net interest cost of One Hundred Eight
Thousand Seven Hundred Forty-Nine and 50/100 Dollars 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 Two Hundred
Forty Thousand Dollars ($240,000.00), par value, of General
Obligation Sewer Bonds of Subdistrict Number Four of the River des
Peres Watershed (North Affton) of The Metropolitan St. Louis Sewer
District, authorized at a special election held in said
Subdistrict on August 23, 1956, bearing interest as follows:
Maturities Interest Rates 1959-67 4% 1968-77 3-3/4%
shall be and the said bonds are hereby awarded and sold to G. H.
WALKER & CO. at and for the price and sum of Two Hundred Forty
Thousand Thirty-Eight and no/100 Dollars ($240,038.00) and accrued
interest to date of delivery of said bonds, and at a net interest
cost of One Hundred Eight Thousand Seven Hundred Forty-Nine
Dollars and Fifty Cents ($108,749.50) 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 G. H. WALKER &
CO.
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 February 19, 1957.
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