HomeMy WebLinkAboutOrdinances Book 7, Page 326, Ordinance Number 117No.
Ordinance No. /"
AN ORDINANCE ASSESSING THE ABUTTING PROPERTY ON BOTH SIDES OF
BROADWAY FROM THE WEST SIDE OF THE TRACKS OF THE ILLINOIS CENTRAL RAILROAD
COMPANY TO THE WEST PROPERTY LINTE OF SIXTEENTH STREET, IN THE CITY OF
PADUCAH, KENTUCKY, THE SUM OF $3.683442 PER FRONT FOOT FOR THE RECON-
STRUCTION OF SAID STREET BY PAVING WITH BITULITHIC,; AND PROVIDING THAT
SAID ASSESSMENTS MAY BE PAID IN TEN EQUAL INSTALMIENTS, BEING ONE EACH
YEAR FOR A PERIOD OF TEN YEARS..
WHEREAS, the Board of Commissioners of the City of Paducah,
Kentucky has heretofore, on the 10th day of April 1916, adopted an
ordinance entitled: "AN ORDINANCE PROVIDING FOR THE RECONSTRUCTION OF
BROADWAY FROM THE WEST SIDE OF THE TRACKS OF TRE ILLINOIS CENTRAL
RAILROAD AS NOW LAID, TO THE WEST PROPERTY LINE OF SIXTEENTH STREET,
IN THE CITY OF PADUCAH, KENTUCKY, AND PROVIDING THAT SAID IMpROVEPd&1TS
SHALL BE MADE UPON THE TEN YEAR PA)MIENT PLAN"; and,
WHEREAS, said ordinance provides that the cost of the recon-
struction of said street shall be paid for by the abutting property
owners on both sides thereof, except that portion to be paid by the City
of Paducah, as required by law; and,
WHEREAS, pursuant to said ordinance a contract was, on the
26th day of September 1916, entered into by and between the Southern Bitu-
lithic Company, of the city of Nashville, State of Tennessee, and the
City of Paducah, for the reconstruction of said street; and,
119HEREAS, said contract has been completed in all respects
and the improvement therein provided for has been finished and accepted
by the Board of Commissioners of the City of Paiiucah, Kentucky, on the
27th day of August, 1917, pursuant to recommendation made therefor by the
Commissioner of Public Forks of said City; now, therefore -
BE IT ORDAINED BY THE BOARD OF C01,21ISSIONERS OF THE
CITY OF PADUCAH, KENTUCKY:
Section 1. That all the property on both sides of Broadway
from the .lest side of the tracks of the Illinois Central Railroad Company
to the :gest property line of Sixteenth street, in the City of Paducah,
Kentucky, be, and the same is hereby assessed the sum of N3.683442 per
front,foot for the reconstruction of said street by paving with bitulithic.
Section 2. That all of the funds derived from the assess-
ment of said property aforesaid shall be used for the purpose of paying
off the special tax bills issued against said property or such bonds as
may be issued by the City of Paducali pursuant to Section 3101 of the
Kentucky Statutes.
Section 3. That pursuant to Section 3101 of the Kentucky
Statutes, as amended and re-enacted by an Act of the General Assembly of
the Commonwealth of Kentucky of 1910, entitled, "AN ACT TO AL,ND AND RE-
ENACT SECTIONS 3094, 3096, 3097, 3098, 3099, 3100, 3101 and 3102 OF THE'
KENTUCKY STATUTES, RELATING TO THE CONTROL AND IMPROVETNENT OF STREETS,
PUBLIC WAYS, LANDINGS, WHARVES, GROUNDS AND SIDEWALKS IN CITIES OF THE
SECOND CLASS", said assessments may be -at the option of the property
owners- payable in cash within thirty (30) days from the date of the
passage and recording of this ordinance, or in ten (10) annual install-
ments, pursuant to the provisions of said Statute.
Section 4. In order to provide a fund for the immediate
payment of the cost of that portion of the special assessments herein
provided for, which are to be paid on the installment -payment -plan, as
hereinbefore provided for, the City of Paducah shall issue and sell
improvement bonds, and to secure the payment of which bonds there is hereby
pledged suoh.taxes and liens on the property assessed -herein for the
payment of the principal and interest on such bonds, -but such bonds shall
not be sold for less than par, and the proceeds thereof applied exclusively
to payment for the improvement of said street, as hereinbefore mentioned,
and such bonds shall be issued and shall bear interest, and shall be payable
in accordance with the provisions of Section 3101 of the Kentucky Statutes
as amended and re-enacted by the General Assembly of the Commonwealth of
Kent'acky for 1910, and contained in said Act hereinbefore mentioned.
Section 5. This ordinance shall take effect and be in force
from its passage and the recording of same.
PASSED BY THE BOARD OF COMMISSIONERS AUGUST 27, 1917.
RECORDED BY H. D. HENDRICK, CITY CLERK, AUG 28, 1917,