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R0765 R E S O L U T I O N NO. 765 A RESOLUTION to accept bid for Twenty Million Dollars ($20,000,000) of General Obligation Sewer Bonds of The Mississippi River Subdistrict of The Metropolitan St. Louis Sewer District. WHEREAS, the bid and offer of the account jointly managed by The Chase Manhattan Bank, First National City Bank, Bankers Trust Company and Continental Illinois National Bank and Trust Co. of Chicago for the purchase of Twenty Million Dollars ($20,000,000) of General Obligation Sewer Bonds of The Mississippi River Subdistrict of The Metropolitan St. Louis Sewer District, bearing interest as follows: Maturities Rate of Interest 1966 thru 1968 Inc. 4% 1969 3-1/2% 1970 thru 1975 Inc. 2-3/4% 1976 thru 1981 Inc. 2.90% 1982 thru 1985 Inc. 3% at and for the price and sum of Twenty Million Four Thousand and 00/100 Dollars ($20,004,000.00), and accrued interest to date of delivery and at a net interest cost of Six Million Seven Hundred Sixty Seven Thousand Nine Hundred Ninety Seven and 50/100 Dollars ($6,767,997.50), and at an average interest rate of 2.95146% is the highest and best bid made and offered for said bonds, NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of The Metropolitan St. Louis Sewer District that the Twenty Million Dollars ($20,000,000) par value of General Obligation Sewer Bonds of the Mississippi River Subdistrict of The Metropolitan St. Louis Sewer District, authorized at a special election held in said Subdistrict on November 6, 1962, bearing interest as follows: Maturities Rate of Interest 1966 thru 1968 Inc. 4% 1969 3-1/2% 1970 thru 1975 Inc. 2-3/4% 1976 thru 1981 Inc. 2.90% 1982 thru 1985 Inc. 3% shall be and the said bonds are hereby awarded and sold to The Chase Manhattan Bank, First National City Bank, Bankers Trust Company and Continental Illinois National Bank and Trust Co. of Chicago at and for the price and sum of Twenty Million Four Thousand Dollars ($20,004,000), and accrued interest to date of delivery of said bonds and at a net interest cost of Six Million Seven Hundred Sixty Seven Thousand Nine Hundred Ninety Seven and 50/100 Dollars ($6,767,997.50), all in accordance with the terms of sale as set forth and contained in the notice of the sale of said bonds and in the proposal submitted by the account jointly managed by The Chase Manhattan Bank, First National City Bank, Bankers Trust Company and Continental Illinois National Bank and Trust Co. of Chicago. BE IT FURTHER RESOLVED that the checks of the unsuccessful bidders for said bonds shall forthwith be returned to them upon their receipt therefor, and that the check of the successful bidders shall be held uncashed by the Secretary- 3 Treasurer pending delivery of the said bonds in accordance with the terms of sale. 4 The foregoing Resolution was adopted January 20, 1965.