HomeMy Public PortalAbout02386 O R D I N A N C E NO. 2386
AN ORDINANCE transferring Forty-six Thousand Five
Hundred Dollars ($46,500.00) from the General Fund of the District
as a loan to the Operation, Maintenance and Construction
Improvement Fund of Subdistrict No. 380 (Upper Paddock Creek), and
providing for the repayment of said sum; and further appropriating
One Hundred Ten Thousand Dollars ($110,000.00) from the Operation,
Maintenance and Construction Improvement Fund of Subdistrict No.
380 (Upper Paddock Creek) to be used for the construction of
improvements of the channel of Subdistrict No. 380 (Upper Paddock
Creek).
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Forty-six Thousand Five
Hundred Dollars ($46,500.00) is hereby transferred from the
General Fund of the District as a loan to the Operation,
Maintenance and Construction Improvement Fund of Subdistrict No.
380 (Upper Paddock Creek); said sum to be repaid from the revenue
of that subdistrict from taxes levied, assessed and collected as
soon as they are received, until fully repaid.
Section Two. The officers of the District are
directed to repay to the General Fund of the District the Forty-
six Thousand Five Hundred Dollars ($46,500.00) as soon as receipts
are collected from the taxes levied for such Subdistrict No. 380
(Upper Paddock Creek), until repaid.
Section Three. The sum of One Hundred Ten Thousand
Dollars ($110,000.00) is hereby appropriated from the Operation,
Maintenance and Construction Improvement Fund of Subdistrict No.
380 (Upper Paddock Creek) to be used for the construction of
improvements of the channel of Subdistrict No. 380 (Upper Paddock
Creek).
Section Four. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted February 15, 1973.