HomeMy Public PortalAbout06597 O R D I N A N C E NO. 6597
AN ORDINANCE, transferring all funds in the Principal
(or Bond) and Interest Fund of Subdistrict No. 221 (North Kinloch)
and any moneys received or to be received by said Fund, to the
Operation, Maintenance and Construction Improvement Fund of
Subdistrict No. 221 (North Kinloch), to be used within that
subdistrict for sanitary and storm sewer improvements.
WHEREAS, all of the general obligation bonds and
interest coupons thereon for such Subdistrict No. 221 (North
Kinloch), which were authorized by and issued pursuant to
Ordinance No. 1558, adopted November 10, 1966, have been paid and
redeemed, and there is no further obligation of such subdistrict
concerning such bonds or coupons, and
WHEREAS, the fund known as the Operation, Maintenance
and Construction Improvement Fund of Subdistrict No. 221 (North
Kinloch) 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 of Subdistrict No. 221
(North Kinloch) were derived,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. All funds now in the Principal (or Bond)
and Interest Fund of Subdistrict No. 221 (North Kinloch), 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 of Subdistrict No. 221 (North Kinloch), to be
used for sanitary and storm sewer improvements within that
subdistrict. The foregoing Ordinance was adopted June 25, 1986.