HomeMy Public PortalAbout03728 O R D I N A N C E NO. 3728
AN ORDINANCE, appropriating Seventy-eight Thousand Four
Hundred Seventy-nine Dollars and Seventy Cents ($78,479.70) from
the Missouri Bottoms Connection Charge Account for the annual
payment on the principal due on the evidences of indebtedness
given for the acquisition of the Missouri Bottoms Sewer Company,
for the year ending December 31, 1978.
WHEREAS, the Agreement of Purchase and Sale by and
among The Metropolitan St. Louis Sewer District and the
shareholders of The Missouri Bottoms Sewer Company specified that
the District would pay for the acquisition of such company by two
evidences of indebtedness, which provided that payments on the
principal owed would be all the connection fees received during
each calendar year; and
WHEREAS, the District has received the sum of Seventy-
eight Thousand Four Hundred Seventy Nine Dollars and Seventy Cents
($78,479.70) for connections made to the former Missouri Bottoms
Sewer Company sewer system during the year ending December 31,
1978,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Seventy-eight Thousand Four
Hundred Seventy-nine Dollars and Seventy Cents ($78,479.70) is
hereby appropriated from the Missouri Bottoms Connection Charges
Account for the annual payment on the principal due on the
evidences of indebtedness given for the acquisition of the
Missouri Bottoms Sewer Company, for the year ending December 31,
1978.
Section Two. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted February 28, 1979.
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