HomeMy Public PortalAbout03060 O R D I N A N C E NO. 3060
AN ORDINANCE transferring all funds in the Principal
(or Bond) and Interest Fund, Subdistrict Number Four of the River
des Peres Watershed (North Affton Area) and any moneys received or
to be received by said Fund, to the Operation, Maintenance and
Construction Improvement Fund, North Affton 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 Four of the
River des Peres Watershed (North Affton Area), which were
authorized by and issued pursuant to Ordinance No. 120, adopted
March 18, 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 Seven
Thousand One Hundred Fifty-one Dollars and Fifty-nine Cents
($7,151.59), and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund, North Affton 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 Four of the River des Peres
Watershed (North Affton 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 Seven Thousand One
Hundred Fifty-one Dollars and Fifty-nine Cents ($7,151.59) now in
the Principal (or Bond) and Interest Fund, Subdistrict Number Four
of the River des Peres Watershed (North Affton 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, North Affton Subdistrict, to be used for storm
sewer improvements within that subdistrict. The foregoing Ordinance was adopted May 12, 1976.