HomeMy Public PortalAbout04343 O R D I N A N C E NO. 4343
AN ORDINANCE, transferring all funds in the Principal
(or Bond) and Interest Fund, Benefit Subdistrict No. 111
(Marlborough) and any moneys received or to be received by said
Fund, to the Operation, Maintenance and Construction Improvement
Fund, Subdistrict No. 111 (Marlborough), to be used within that
subdistrict for storm sewer improvements.
WHEREAS, all of the general obligation bonds and
interest coupons thereon for such Benefit Subdistrict No. 111
(Marlborough) which were authorized by and issued pursuant to
Ordinance No. 608, adopted August 31, 1961, 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 Twelve
Thousand One Hundred Fifty Dollars and Eighty-seven Cents
($12,150.87), and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund, Subdistrict No. 111
(Marlborough) 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, Benefit Subdistrict No. 111
(Marlborough) 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 Twelve Thousand One
Hundred Fifty Dollars and Eighty-seven Cents ($12,150.87) now in
the Principal (or Bond) and Interest Fund, Benefit Subdistrict No.
111 (Marlborough), 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, Subdistrict No. 111
(Marlborough), to be used for storm sewer improvements within that
subdistrict.
The foregoing Ordinance was adopted April 22, 1981.