HomeMy Public PortalAboutR0543 R E S O L U T I O N NO. 543
WHEREAS, by Ordinance No. 154 of The Metropolitan St.
Louis Sewer District, adopted August 26, 1957, directing the
issuance of $750,000.00 General Obligation Sewer Bonds of
Subdistrict One of the River des Peres Watershed (Creve Coeur-
Frontenac Area) of The Metropolitan St. Louis Sewer District,
dated August 1, 1957, provision was made that, at the option of
the Board of Trustees of The Metropolitan St. Louis Sewer
District, any or all of bonds numbered One Hundred Six (106) to
Seven Hundred Fifty (750), inclusive, may be called in, paid, and
redeemed, in inverse numerical order, on February 1, 1962, or on
any interest payment date thereafter, at 105% of their principal
amount if redeemed prior to February 1, 1964, with successive
reductions of 1/2 of 1% on February 1, 1964 and on each February 1
thereafter until February 1, 1973, on and after which date said
bonds shall be redeemable at par, and, in each case, with interest
accrued to the redemption date; and
WHEREAS, said Board has not heretofore exercised said
option; and
WHEREAS, the sum of $60,000 is now available for the
redemption of the outstanding bonds of said issue according to the
terms thereof, and
WHEREAS, the Board of Trustees of The Metropolitan St.
Louis Sewer District now wishes to exercise such option,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that the Board of
Trustees of The Metropolitan St. Louis Sewer District hereby
exercises its option, in accordance with the provisions of
aforesaid Ordinance No. 154 by ordering that those bonds numbered
Six Hundred Ninety-one (691) to Seven Hundred Fifty (750)
inclusive, of aforesaid issue dated August 1, 1957 and maturing
February 1, 1977, are hereby called in for payment and redemption
on August 1, 1962, at 105% of their principal amount, with
interest accrued to the redemption date.
BE IT FURTHER RESOLVED, that the Secretary-Treasurer be
and he is hereby authorized and directed to give notice of the
call for the redemption of said bonds, as provided by Ordinance
No. 154, which notice shall be in substantially the following
form:
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NOTICE OF CALL FOR BOND REDEMPTION
To: Owners and holders of the following described bonds of SUBDISTRICT NUMBER ONE OF THE RIVER DES PERES WATERSHED (CREVE COEUR-FRONTENAC AREA) OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, dated August 1, 1957
TAKE NOTICE that bonds of the denomination of One Thousand Dollars
($1,000.00) each, numbered 691 to 750, inclusive, of the original
issue of Seven Hundred Fifty Thousand Dollars ($750,000.00) of
bonds of Subdistrict Number One of the River des Peres Watershed
(Creve Coeur-Frontenac Area) dated August 1, 1957, have been
called for payment and redemption on August 1, 1962. The said
bonds therefore shall be presented for payment at the Bank of St.
Louis, in St. Louis, Missouri, on aforesaid date, after which date
no further interest will accrue on said bonds.
By Order of the Board of Trustees of The Metropolitan St. Louis Sewer District this 25th day of June 1962. Charles Clardy Acting Secretary-Treasurer
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BE IT FURTHER RESOLVED, that the Secretary-Treasurer be
and he is hereby directed to obtain proof of the publication of
said notice and to file and preserve the same in his office, and
that said Secretary-Treasurer be and he is hereby further directed
prior to August 1, 1962, to remit to the paying agent designated
in said bonds the fund required to pay and redeem the bonds herein
called for payment and redemption on said date. The foregoing Resolution was adopted June 25, 1962.