HomeMy Public PortalAbout04696 O R D I N A N C E NO. 4696
AN ORDINANCE, transferring all funds in the Principal
(or Bond) and Interest Fund, Gravois Creek Trunk Subdistrict and
any moneys received or to be received by said Fund, to the
Operation, Maintenance and Construction Improvement Fund, Gravois
Creek Trunk Subdistrict, to be used within that subdistrict for
sanitary and storm sewer improvements.
WHEREAS, all of the general obligation bonds and in-
terest coupons thereon for such Gravois Creek Trunk Subdistrict
which were authorized by and issued pursuant to Ordinance No. 590,
adopted June 29, 1969, Ordinance No. 719, adopted March 5, 1962,
and Ordinance No. 872, adopted November 27, 1962, 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 Four
Hundred Ninety-three Thousand Six Hundred Ninety-eight Dollars
($493,698.00), and
WHEREAS, the funds known as the Operation, Maintenance
and Construction Improvement Fund, Gravois 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, Gravois 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 Four Hundred Ninety-three
Thousand Six Hundred Ninety-eight Dollars ($493,698.00) now in the
Principal (or Bond) and Interest Fund, Gravois 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 Fund, are hereby transferred to the Operation, Maintenance
and Construction Improvement Fund, Gravois Creek Trunk Sub-
district, to be used for sanitary and storm sewer improvements
within that subdistrict.
The foregoing Ordinance was adopted April 21, 1982.