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HomeMy Public PortalAbout04697 O R D I N A N C E NO. 4697 AN ORDINANCE, transferring all funds in the Principal (or Bond) and Interest Fund, Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) and any moneys received or to be received by said Fund, to the Operation, Maintenance and Construction Improvement Fund, Subdistrict No. Seven of the River des Peres Watershed (Wellston Area), 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 Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) which were authorized by and issued pursuant to Ordinance No. 703, adopted February 19, 1962, and Ordinance No. 1001, adopted July 18, 1963, 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 Ninety-two Thousand Dollars ($92,000.00), and WHEREAS, the funds known as the Operation, Maintenance and Construction Improvement Fund, Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) 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 No. Seven of the River des Peres Watershed (Wellston 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 Ninety-two Thousand Dollars ($92,000.00) now in the Principal (or Bond) and Interest Fund, Subdistrict No. Seven of the River des Peres Watershed (Wellston 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, Subdistrict No. Seven of the River des Peres Watershed (Wellston Area), to be used for sanitary and storm sewer improvements within that subdistrict. The foregoing Ordinance was adopted April 21, 1982.