HomeMy WebLinkAboutMinutes Book 19, Page 93, August 27, 1932No.__93
Proceedings of TiiF..B09RD_QF COMhtTIST91MRS _ City of Paducah_. Augu3t 27th 1932 I
At a call meeting of the Board of Commissioners held in the
Commissioners' Chamber in the City Rall Building in the City of Paducah, Kentucky,
at 11:00 o'clock A.16. on the 27th day of August, 1932, Mayor Scott presided and
upon call of the roll the following answered to their names: Comalssioners
Block, Holt, Rieke, Bradshaw and Mayor Scott (5).
Mayor Scott stated reason for call to •r:it: For the purpose of
allowing interest on city bonds and to transact such other business as might
come before the meeting.
Allowance of Commissioner Rieke offered motion that the Commissioner of Public
6 months intor
est due on Finance be authorized to pay the six months interest due September 1st, 1932, and
City of Paducah
Funding bonds the collection charge on the City of Paducah 1932 Funding Bonds sold to date,
1932, due Sept.
1st. amounting to y 139,000.00 as follows:
11Bonds sold $ 139,000.00
Interest rate 6%
Semi-annual int. due 4,170.00
Bank's collection
i� charge ; of 1% 10.43
Total amount due 4,180.43
Payment to be made through the Citizens Savings Bank, to the Chemical Bank &
Trust Company, New York, t7.Y. Adopted on call of the roll: Yeas; Commissioners
Block, Bradshaw, Holt, Rieke and Mayor Scott (5).
Allowance of Commissioner Rieke offered motion that the Commissioner of Public
Interest to
Citizens Bank Finance be authorized to pay the Citizens Savings Bartc the amount of
for remittance'
to Chemical ^ 11328.55 for remittance to the Chemical Bank & Trust Company, Hew York, in
Bank in New
York. payment of the interest due from April 1st, 1932 to August 318t, 1932, inclusive
on the unpaid balance of 0 52,100.00 on the notes for 90,000.00 executed to
said bank by the City of Paducah in the year 1931. Adopted on call of the
roll: Yeas; Commissioners Block, Bradshaw, Holt, Rieke and Mayor Scott (5).
Scott & Quick Commissioner Rieke offered motion that the application of Scott
Tobacco Co.,
exe^pted from & Quick Tobacco Company dated August 16th, 1932 for exemption fran all city ad
all city
and licence valorem and license taxes as provided under an ordinance passed by the Board
taxes for 5
years, of Commissioncra September 24th, 1928, be approved. Adopted on call of the
roll: Yeas; Com":issioner Block, Bradshaw, Holt, Rieke and Mayor Scott (5).
On motion the meeting adjourned. _
APPROVED
(77 payor
ADGPTED ��=r-�`L U„ 1932
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