Ordinance 70356

Summary

An Ordinance recommended by the Board of Estimate and Apportionment authorizing and directing The City of St. Louis, Missouri (as further defined herein, the “City”) to issue and sell its General Obligation Bonds, Series 2016A, in one or more series, in an aggregate principal amount of $25,000,000 (as further defined herein, the “Bonds”), for the purposes of paying the costs of the Project (herein defined) and the costs of issuance of the Bonds, all for the general welfare, safety, and benefit of the citizens of the City; authorizing the preparation, execution and distribution of the Preliminary Official Statement and the Official Statement (herein defined) and the preparation, execution and delivery of the Bond Purchase Agreement, the Continuing Disclosure Agreement and the Tax Compliance Certificate (all as herein defined), and other matters with respect thereto; authorizing the negotiation and purchase of bond insurance, if any, and the approval and execution of documents necessary to comply with the duties of the City under any agreement for bond insurance, if any; 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; superseding provisions of prior ordinances of the City to the extent inconsistent with the terms hereof; containing a severability clause; and containing an emergency clause; and

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