HomeMy Public PortalAbout06990 O R D I N A N C E NO. 6990
AN ORDINANCE, transferring all funds in the Principal
and Interest Fund of Watkins Creek Trunk Subdistrict and any
moneys received or to be received by said Fund, to the Operation,
Maintenance and Construction Improvement Fund of Watkins Creek, 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 Watkins Creek Trunk Subdistrict
which were authorized by and issued pursuant to Ordinance No.
1675, adopted October 30, 1967, 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 Watkins Creek Subdistrict is
composed of moneys derived from and used for the benefit of the
identical area from which the moneys in the Principal and Interest
Fund of Watkins Creek Trunk Subdistrict 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 and
Interest Fund of Watkins 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 of Watkins Creek Trunk Subdistrict, to be used
for sanitary and storm sewer improvements within that subdistrict.
The foregoing Ordinance was adopted March 11, 1987.