HomeMy Public PortalAboutR1742 R E S O L U T I O N NO. 1742
RESOLUTION OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT
AUTHORIZING THE PUBLIC SALE OF $9,020,000 PRINCIPAL AMOUNT OF
GENERAL OBLIGATION SEWER REFUNDING BONDS, SERIES A 1985, AND
$15,000,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION SEWER
BONDS, SERIES B 1985, OF THE MISSISSIPPI RIVER SUBDISTRICT OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT; FIXING A DATE FOR
THE SALE OF THE BONDS; APPROVING THE FORM OF NOTICE OF BOND
SALE RELATING TO THE BONDS; AUTHORIZING PREPARATION OF THE
PRELIMINARY OFFICIAL STATEMENT RELATING TO THE BONDS;
AUTHORIZING THE USE OF SUCH NOTICE OF BOND SALE AND
PRELIMINARY OFFICIAL STATEMENT IN CONNECTION WITH THE SALE OF
THE BONDS; AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION
WITH THE SALE OF THE BONDS.
BE IT RESOLVED BY THE METROPOLITAN ST. LOUIS SEWER
DISTRICT, AS FOLLOWS:
Section 1. That there are hereby authorized to be
offered at competitive public sale $9,020,000 principal amount of
General Obligation Sewer Refunding Bonds, Series A 1985 (the
"Series A Bonds"), and $15,000,000 principal amount of General
Obligation Sewer Bonds, Series B 1985 (the "Series B Bonds") of the
Mississippi River Subdistrict of The Metropolitan St. Louis Sewer
District (the Series A Bonds and the Series B Bonds being sometimes
collectively referred to hereinafter as the "Bonds"), and sealed
bids for the Bonds shall be received on Tuesday, October 15, 1985,
at the office of Mr. William R. Stamm, Secretary-Treasurer of The
Metropolitan St. Louis Sewer District, 2000 Hampton Avenue, St.
Louis, Missouri 63101, until 11:00 o'clock A.M. (Local Time), upon
the terms and conditions set forth in the Notice of Bond Sale
attached hereto as Exhibit A.
Section 2. That the Bonds shall be dated November 1,
1985, shall bear interest at the rates to be determined when the
Bonds are sold, said interest being payable semiannually on
February 15 and August 15 in each year, beginning February 15,
1986. The Series A Bonds shall mature on February 15, 1996, and
the Series B Bonds shall mature on February 15, 2004. The Bonds
shall be subject to redemption at such times, shall be in such
denominations and shall be payable at the place set forth in the
Notice of Bond Sale.
Section 3. That the Notice of Bond Sale is hereby
approved in substantially the form attached hereto as Exhibit A,
and the appropriate officers and representatives of the District
are hereby authorized to use such Notice of Bond Sale in connection
with the sale of the Bonds.
Section 4. That the Executive Director, the Assistant
Executive Director and General Counsel, the Director of Finance and
the Secretary-Treasurer of the District and the advisors to the
District regarding the issuance of the bonds, including Black &
Veatch, Consulting Engineers, A. G. Edwards & Sons, Inc., Financial
Advisors and Thompson & Mitchell, Bond Counsel, are hereby
authorized and directed to prepare and execute the Preliminary
Official Statement relating to the Bonds and to finalize the Notice
of Bond Sale relating to the sale of the Bonds and to take all
actions as may be necessary to proceed with the sale of the bonds.
Section 5. That notice of said bond sale is hereby
authorized and directed to be given by mailing copies of the Notice
of Bond Sale and Preliminary Official Statement to investment
banking firms and banks and other financial institutions located
throughout the United States which in the opinion of the District's
financial advisors, A. G. Edwards & Sons, Inc. may be interested in
the purchase of the Bonds. The Notice of Bond Sale shall also be
published by the Secretary-Treasurer of the District, at least once
in one or more newspapers of general circulation, published in the
District, such publication to be made at least ten days prior to
the date of sale. The Notice of Bond Sale shall also be published
not less than one time prior to the date of the bond sale in the
Daily Bond Buyer and in such other newspapers as the Secretary-
Treasurer of the District shall deem appropriate.
Section 6. That the appropriate officers and
representatives of the District are hereby authorized to apply to
Moody's Investors Service, Inc. for a rating of the Bonds and to
take other actions necessary to carry out the public sale of the
Bonds.
Section 7. That this Resolution shall be in full
force and effect from and after its adoption by the District.
ADOPTED by the Board of Trustees of The Metropolitan St.
Louis Sewer District this ______ day of ____________, 1985.
___________________________________
Chairman of the Board of Trustees
of the District
(Seal)
ATTEST:
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______________________________
Secretary-Treasurer
of the District
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I, the undersigned, William R. Stamm, Secretary-Treasurer
of The Metropolitan St. Louis Sewer District, hereby certify that
the above and foregoing is a true and correct copy of the
Resolution of the Metropolitan St. Louis Sewer District passed and
adopted by the District on September 11, 1985, authorizing the sale
of the General Obligation Sewer Refunding Bonds, Series A 1985, of
the Mississippi River Subdistrict of The Metropolitan St. Louis
Sewer District in the principal amount of $9,020,000, and the
General Obligation Sewer Bonds, Series B 1985, of the Mississippi
River Subdistrict of the Metropolitan St. Louis Sewer District, in
the principal amount of $15,000,000, as the same appears in the
records of the District, and that said Resolution has not been
modified, amended or repealed and that the same remains in full
force and effect as of the date hereof.
WITNESS my hand and seal of the District this ______ day
of ___________, 1985.
___________________________________
William R. Stamm,
Secretary-Treasurer of
The Metropolitan St. Louis Sewer
District
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The foregoing Resolution was adopted September 11, 1985.