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HomeMy Public PortalAbout01170 O R D I N A N C E NO. 1170 AN ORDINANCE making a loan of Thirty-five Thousand Dollars ($35,000.00) from the Improvement Fund to Subdistrict No. 88 (Fountain Creek) and providing for repayment and appropriating the same sum to be used for improvements of the channel of Fountain Creek. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Thirty-five Thousand Dollars ($35,000.00) is set apart out of the unencumbered balance of the Improvement Fund and transferred as a loan to the Operating Funds of Subdistrict No. 88 (Fountain Creek) to be repaid from the revenue of that Subdistrict from taxes heretofore levied and assessed in 1964 and to be collected in due cause. Section Two. The officers of the District are directed to repay the loan made in Section One as soon as receipts of tax revenue into the Operating Funds of Subdistrict No. 88 (Fountain Creek) shall have created a sufficient unencumbered balance therein. Section Three. The sum of Thirty-five Thousand Dollars ($35,000.00) provided in Section One is hereby appropriated from the Operating Funds of Subdistrict No. 88 (Fountain Creek) to be used for the construction of improvements of the channel of Fountain Creek. Section Four. This ordinance, being an appropriation ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted June 10, 1964.