HomeMy Public PortalAbout02850 O R D I N A N C E NO. 2850
AN ORDINANCE transferring all funds in the Principal
(or Bond) and Interest Fund, Subdistrict Number One of the River
des Peres Watershed (Creve Coeur-Frontenac Area) and any moneys
received or to be received by said Fund, to the Operation,
Maintenance and Construction Improvement Fund, Creve Coeur-
Frontenac Subdistrict, to be used within that subdistrict for
storm or sanitary sewer improvements.
WHEREAS, all of the general obligation bonds and
interest coupons thereon for such Subdistrict Number One of the
River des Peres Watershed (Creve Coeur-Frontenac Area), which were
authorized by and issued pursuant to Ordinance No. 154, adopted
August 26, 1957, 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
Twenty-one Thousand Four Hundred Twenty-six Dollars and Twenty-
seven Cents ($21,426.27), and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund, Creve Coeur-Frontenac
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 One of
the River des Peres Watershed (Creve Coeur-Frontenac 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 Twenty-one Thousand Four
Hundred Twenty-six Dollars and Twenty-seven Cents ($21,426.27) now
in the Principal (or Bond) and Interest Fund, Subdistrict Number
One of the River des Peres Watershed (Creve Coeur-Frontenac 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, Creve Coeur-Frontenac Subdistrict,
to be used for storm or sanitary sewer improvements within that
subdistrict.
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The foregoing Ordinance was adopted June 25, 1975.