HomeMy Public PortalAboutR0544 R E S O L U T I O N NO. 544
WHEREAS, by Ordinance No. 90 of The Metropolitan St.
Louis Sewer District, adopted July 23, 1956, directing the
issuance of $125,000.00 General Obligation Sewer Bonds of
Subdistrict No. Two of the River des Peres Watershed (Vinita Park
Area) of The Metropolitan St. Louis Sewer District, dated August
1, 1956, 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 Twenty-one (21) to One Hundred Twenty-five
(125), inclusive may be called in, paid, and redeemed, in inverse
numerical order, on February 1, 1961, or on any interest payment
date thereafter, at 103% of their principal amount if redeemed
prior to February 1, 1962, with successive reductions of 1/4 of 1%
on February 1, 1962 and on each February 1 thereafter, to 100% of
their principal amounts together 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 $10,000 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. 90 by ordering that those bonds numbered
One Hundred Sixteen (116) to One Hundred Twenty-five (125)
inclusive, of aforesaid issue dated August 1, 1956 and maturing
February 1, 1976, are hereby called in for payment and redemption
on August 1, 1962, at 102-3/4% of their principal amount, with
intent 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. 90, 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 TWO OF THE RIVER DES PERES WATERSHED (VINITA PARK AREA) OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, dated August 1, 1956
TAKE NOTICE that bonds of the denomination of One Thousand Dollars
($1,000.00) each, numbered 116 to 125, inclusive, of the original
issue of One Hundred Twenty-five Thousand Dollars ($125,000.00) of
bonds of Subdistrict Number Two of the River des Peres Watershed
(Vinita Park Area) dated August 1, 1956, have been called for
payment and redemption on August 1, 1962.
The said bonds therefore shall be presented for payment at the
Mercantile Trust Company, 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 funds required to pay and redeem the bonds
herein called for payment and redemption on said date. The foregoing Resolution was adopted June 25, 1962.