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.