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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: 3 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 4 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.