HomeMy Public PortalAbout02652 O R D I N A N C E NO. 2652
AN ORDINANCE transferring all funds in the Principal
(or Bond) and Interest Fund, Subdistrict Number Two of The River
des Peres Watershed (Vinita Park Area) and any moneys received or
to be received by said Fund, to the Operation, Maintenance and
Construction Improvement Fund, Vinita Park Subdistrict, to be used
within that subdistrict for storm sewer improvements.
WHEREAS, all of the general obligation bonds and
interest coupons thereon for such Subdistrict Number Two of the
River des Peres Watershed (Vinita Park Area), which were
authorized by and issued pursuant to Ordinance No. 90, adopted
July 23, 1956, have been paid and redeemed, and there is no
further obligation of such subdistrict concerning such bonds or
coupons; and
WHEREAS, there now remains in the aforesaid Principal
(or Bond) and Interest Fund of said subdistrict, the sum of Three
Thousand Fourteen Dollars and Eighteen Cents ($3,014.18), and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund, Vinita Park Subdistrict, is
composed of moneys derived from and used for the benefit of the
identical area from which the moneys in the Principal (or Bond)
and Interest Fund, Subdistrict Number Two of the River des Peres
Watershed (Vinita Park Area) were derived,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. That the sum of Three Thousand Fourteen
Dollars and Eighteen Cents ($3,014.18) now in the Principal (or
Bond) and Interest Fund, Subdistrict Number Two of the River des
Peres Watershed (Vinita Park Area), together with any sums derived
or to be derived from the collection of delinquent taxes, or from
any other sources for such Fund, are hereby transferred to the
Operation, Maintenance and Construction Improvement Fund, Vinita
Park Subdistrict, to be used for storm sewer improvements within
that subdistrict. The foregoing Ordinance was adopted September 11, 1974.