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R0723 R E S O L U T I O N NO. 723 WHEREAS, the District has received from the Internal Revenue Service a notice to the effect that the I.R.S. asserts the District is liable for Federal Income Taxes alleged to be due by Russell & Company for the years 1956, 1957, 1959 and 1960 in the aggregate amount of One Hundred Ninety-One Thousand One Hundred Eight Dollars and Ninety-Four Cents ($191,108.94), plus interest thereon, and WHEREAS, it is considered by District officers and legal counsel of the District to be probable that the District would be successful in defending its position that there was no Federal Income Tax or other liability of Russell & Company, or the District, to the Government, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that Charles B. Kaiser, Jr. General Counsel, be and he hereby is authorized and directed to execute and cause to be filed with the Tax Court of the United States a petition, in the form approved by legal counsel, relating to a March 13, 1964 notice received by the District from the Internal Revenue Service of the United States Treasury Department. The foregoing Resolution was adopted June 4, 1964.