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O R D I N A N C E NO. 1072
AN ORDINANCE transferring Forty-two Thousand Seven
Hundred Fifty Dollars ($42,750.00) from the unappropriated surplus
of the General Fund to the Construction Fund as a loan to the
Mississippi River Subdistrict, appropriating the same sum to be
used for the Mississippi River Subdistrict, and providing for the
repayment of such loan.
WHEREAS, the pollution control program of the
Mississippi River Subdistrict has begun before funds from the sale
of the Subdistrict's bonds are available and current expenditures
are required as an incident to the construction of its pollution
control facilities, and
WHEREAS, the District is able to advance funds as a
loan for such purpose,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Forty-two Thousand Seven
Hundred Fifty Dollars ($42,750.00) is transferred from the
unappropriated surplus of the General Fund to the Construction
Fund for the account styled "Mississippi River Subdistrict" as an
advancement or loan to the Mississippi River Subdistrict.
Section Two. The same sum of Forty-two Thousand Seven
Hundred Fifty Dollars ($42,750.00) is appropriated from the
Construction Fund from said account to be used for the design
costs of the U.S. Corps of Engineers for the Louisa, Arsenal and
Utah pumping facilities for the interceptor sewer of the
Mississippi River Subdistrict.
Section Three. The advancement or loan hereby made
shall be repaid to the General Fund by the Mississippi River
Subdistrict on its receipt of the proceeds of its first sale of
bonds. The officers of the District are authorized and directed
to make such transfer of funds in repayment at the appropriate
time.
Section Four. This ordinance, being an appropriation
ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted November 14, 1963.
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