HomeMy Public PortalAbout03059 O R D I N A N C E NO. 3059
AN ORDINANCE transferring all funds in the principal
(or Bond) and Interest Fund, Maline Creek Trunk Subdistrict, and
any moneys received or to be received by said Fund, to the
Operation, Maintenance and Construction Improvement Fund, Maline
Creek Trunk Subdistrict, to be used within that subdistrict for
storm and sanitary sewer improvements.
WHEREAS, all of the general obligation bonds and
interest coupons thereon for such Maline Creek Trunk Subdistrict,
which were authorized by and issued pursuant to Ordinance No. 60,
adopted April 9, 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
Seventy-three Thousand Four Hundred Thirty-two Dollars and Fifty-
nine Cents ($73,432.59), and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund, Maline Creek Trunk 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, Maline Creek Trunk Subdistrict 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 Seventy-three Thousand
Four Hundred Thirty-two Dollars and Fifty-nine Cents ($73,432.59)
now in the Principal (or Bond) and Interest Fund, Maline Creek
Trunk Subdistrict, together with any sums derived or to be derived
from the collection of delinquent taxes, or from any other sources
for such Funds are hereby transferred to the Operation,
Maintenance and Construction Improvement Fund, Maline Creek Trunk
Subdistrict, to be used for storm and sanitary sewer improvements
within that subdistrict. The foregoing Ordinance was adopted May 12, 1976.