HomeMy Public PortalAboutR0605 R E S O L U T I O N NO. 605
WHEREAS, by Ordinance No. 120 of The Metropolitan St.
Louis Sewer District, adopted March 18, 1957, directing the
issuance of $240,000.00 General Obligation Sewer Bonds of
Subdistrict No. Four of the River des Peres Watershed (North
Affton Area) of The Metropolitan St. Louis Sewer District, dated
February 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 Forty-one (41) to Two Hundred Forty
(240), 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, to 100% of
their principal amount, if redeemed on or after February 1, 1973,
together, in each case, with interest accrued to the redemption
date; and
WHEREAS, said Board has not heretofore executed said
option; and
WHEREAS, the sum of $15,000 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 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. 120 by ordering that those bonds numbered
Two Hundred Twenty-six (226) to Two Hundred Forty (240),
inclusive, of aforesaid issue dated February 1, 1957 and maturing
February 1, 1977 are hereby called in for payment and redemption
on February 1, 1963, 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. 120, 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 FOUR OF THE RIVER DES PERES WATERSHED (NORTH AFFTON AREA) OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, dated February 1, 1957
TAKE NOTICE that bonds of the denomination of One Thousand Dollars
($1,000.00) each, numbered 226 to 740, inclusive, of the original
issue of Two Hundred Forty Thousand Dollars ($240,000.00) of bonds
of Subdistrict Number Four of the River des Peres Watershed (North
Affton Area) dated February 1, 1957, have been called for payment
and redemption on February 1, 1963.
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 20th day of December,
1962.
Charles Clardy
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 February 1, 1963, 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 December 20, 1962.