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.