HomeMy WebLinkAbout78-12-16631070
ORDINANCE NO. 78-12-1663
AN ORDINANCE AMENDING SECTION 4 OF AN ORDINANCE ENTITLED,
"AN ORDINANCE AUTHORIZING AND DIRECTING THE CITY MANAGER AND FCITY
TREASURER TO TRANSFER FROM THE CITY OF PADUCAH PUBLIC WORKS CUMULATIVE
RESERVE FUND ACCOUNT IN CITIZENS BANK AND TRUST COMPANY TO THE TOWNLIFT
NOTES PAYABLE ACCOUNT THE SUM OF ONE ' HUNDRED SIXTY THREE THOUSAND
NINETY-ONE DOLLARS AND SEVENTY TWO CENTS ($163,091.72) FOR THE PURPOSE
OF RETIRING THE TOWNLIFT ASSESSMENT BONDS ANTICIPATION RENEWAL NOTES
AT PEOPLES FIRST NATIONAL BANK AND TRUST COMPANY" AND DECLARING AN
EMERGENCY TO EXIST
WHEREAS, an ordinance entitled "AN ORDINANCE AU1. THORIZING AND
DIRECTING THE CITY MANAGER AND CITY TREASURER TO TRANSFER FROM THE
CITY OF PADUCAH PUBLIC WORKS CUMULATIVE RESERVE FUND ACCOUNT IN CITIZENS
BANK AND TRUST COMPANY TO THE TOWNLIFT NOTES PAYABLE ACCOUNT THE
SUM OF ONE HUNDRED SIXTY THREE THOUSAND NINETY ONE DOLLARS AND
SEVENTY TWO CENTS ($163, 091.72) FOR THE PURPOSE OF RETIRING THE TOWNLIFT
ASSESSMENT BONDS ANTICIPATION RENEWAL NOTES AT PEOPLES FIRST `NATIONAL
BANK AND TRUST COMPANY", was ' introduced at the Commission meeting of
December 12, 1978, and
WHEREAS Section 4 of the aforesaid ordinance 'by mistake and inadvertence
provided for two (2) readings and a ten (10) day lay -over period, and
WHEREAS, the Board of Commissioners desires now to correct same to
reflect their intention that said ordinance was to become immediately effective.
NOW ,' THEREFORE , BE IT ORDAINED BY THE BOARD OF ' COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That Section -4 of an ordinance adopted at the meeting of
December 12, 1978 be amended to read as follows:
"Section 4. This ordinance shall be in full force and effect from and
after the date of its adoption".
SECTION 2. All other terms and provisions of the ordinance entitled,
"AN ORDINANCE AUTHORIZING AND DIRECTING THE CITY MANAGER AND CITY
TREASURER TO TRANSFER FROM THE CITY OF PADUCAH PUBLIC WORKS CUMULATIVE
RESERVE FUND ACCOUNT IN CITIZENS BANK AND TRUST COMPANY TO THE TOWN -
LIFT NOTES PAYABLE ACCOUNT THE SUM OF ONE HUNDRED SIXTY THREE THOUSAND
NINETY ONE DOLLARS _.AND SEVENTY TWO CENTS ($163,091.72) FOR THE PURPOSE
OF RETIRING THE TOWNLIFT ASSESSMENT BONDS .ANTICIPATION RENEWAL NOTES
AT PEOPLES FIRST NATIONAL BANK AND, TRUST COMPANY" are. hereby readopted
1071
and reordained .
SECTION 3. This ordinance shall be in full force and effect from and
after its adoption.
Mayor
Passed -,by the -.Board of .Commissioners _December 19, 1978
Recorded by Louise McKinney, City Clerk, December 19, 1978.