Board Bill Number 71 In Session 2013-2014

Summary

BOARD BILL #71 INTRODUCED BY ALDERMAN TERRY KENNEDY An ordinance recommended by the Board of Estimate and Apportionment authorizing and directing the issuance and sale of one or more series of Water Revenue Bonds (State of Missouri-Direct Loan Program), Series 2013 (the "Series 2013 Bonds") in an aggregate principal amount not to exceed $10,000,000 in order to pay and reimburse The City of St. Louis, Missouri (the "City") for costs associated with the extension, improvement, purchase, acquisition, construction, and enlargement of the City's Waterworks System (as defined herein) for the general welfare, safety, and benefit of the citizens of the City; authorizing and directing the Mayor and the Comptroller to execute and deliver any or all of the Fourth Supplemental Indenture, the Purchase Agreement, the Escrow Agreement, and certain documents relating to the Direct Loan Program (as such terms are defined herein); authorizing the payment of certain costs of issuance of the Series 2013 Bonds; authorizing and directing the taking of other actions and approval and execution of other documents as necessary or desirable to carry out and comply with the intent hereof; and superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof.

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