St. Louis City Revised Code Chapter 5.46 Municipal Bridge Fund
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Municipal Bridge Fund
All of the money collected as payments for the use of the railroad deck or any of its approaches, or from any other source relating to the railroad's use thereof, shall be placed in a separate fund, to be known as the "municipal bridge fund" which shall be used exclusively for the expenditures provided in this section on account of the maintenance and operation of the railroad deck and railroad approaches and the expenses of conducting the work of the Commission and of the Comptroller. Any excess in the fund over the amounts needed in the opinion of the Commission for the purposes stated in this section, may be used: first, for the renewal and retirement, when expedient, of the physical property; second, for the payment to the City of interest as rental at the rate of not to exceed five percent per year on the "actual total cost"; and third, to reimburse the city for and on account of all amounts theretofore expended by the city as included within such "actual total cost."
(1948 C. Ch. 19 § 27: 1960 C. § 593.130.)
City Counselor Ops.: 8318, 8437, 9845
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