HomeMy WebLinkAboutMinutes Book 20, Page 9, January 7, 1938Borro.. _oney -
£d50,:i00 - 1938
NO._ _/ .. -
Proceedings of Board of Co:sa:lcsioners City of Paducah January 7, L0;:8
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At a call uec:tlug of the Board of Co-:jissloners held in the
Com:jtssloners I Chamber at the CLty Hall, Paducah, Kentucky, at 3:00 o'clock P.`1.
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on the 7th day of January, 1938, '.1zyor Washburn presided and upon ca Ll of the
roll the foLlowLng answered to th. r names: Commissioners Rank, Welton, Pulliam,
Stubblefield and _ayor 'Washburn (5).
::ayor Washburn stated reason for call, towit: To consider oroLrance
to borrow ;,150,000 for and on behalf of the city of Paducah as and when needed.
:Iuyor Mashburn offered the following motion: I move t:., a.o,tion
of an ordLx.nce entitled, "A;d ORDILtA:AE AUTHORIZI11G, E:.1POwERISG AND CIRECTIi1G
THE :iAYOR AND CITY TREASURER TO BORROW, AS :1-EDEU, UP TO THE SUx OF OI HU:;DRED
AND FIFTY THOUSAND (315U,000.00) DOLLARS FOR THE USE AND B::NEFIT OF THE CITY OF
PADUCAH, REATUCKY, ANZ TO EYMCUTE A ROTE OR NOTES FOR SAID SU.'! OR SU. -,S FOR AVD
OJ BEHALF OF SAID CITY, AND TO PLEDGE THE RLVENUE OF THE CITY OF PADUCAH tOd THF
FIRST OLE -HALF OF THE YEAR 1938 AS SECURITY THERLFOR." Adooted on call of the
roll: Yeas; Commissioners Hank, ::elton, Pulliam, Stubblefield and '-yor Washburn (5)
On motion meeting adjourned.
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ADOPTED, -- \_ ,1938 APPROVED:
:1AYOR
CITY CLERK `