HomeMy Public PortalAbout08160 チチテ*テ念 R D I N A N C E NO. 8160父
AN ORDINANCE, authorizing the District to establish a
special fund to be identified as the "Reserve for Real Property
Purchase, Improvement and Alteration Fund."
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
粘ection One.・ There is hereby authorized, established
and created a special fund of the District to be known as the
"Reserve for Real Property Purchase, Improvement and Alteration
Fund." Balances in said fund shall be used for the repair,
renovation, expansion, improvement and alteration of the
District's real property, or for the purchase of any interests in
real property, necessary or useful and proper in carrying out the
lawful purposes of the District.
粘ection Two.・ The Director of Finance is hereby
authorized and directed to deposit the net proceeds from the sale
of any District real property as declared surplus, and not
otherwise legally encumbered; and any rents, lease payments, or
other funds generated from the District's ownership of real
property in said Reserve for Real Property Purchase, Improvement
and Alteration Fund.
The foregoing Ordinance was adopted August 8, 1990.