HomeMy WebLinkAboutOrdinances Book 7, Page 436, No Notice NumberNo. � 4
Ordinance
N 0 T I C E.
The PADUCAH WATER COITPANY is hereby notified that the CITY OF
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PADUCAH will exercise the option or privilege to purchase the water works
now owned and operated by the Paducah !','ester Company and of the property
connected therewith, at a fair and reasonable valuation, at the expiration
of the present five year period, as set out in its franchise ordinance of
the City of Paducah approved September 30, 1884; and the Paducah Water
Company is requested to submit to the City of Paducah, thru its proper
officers: the Isiiayor and Board of Commissioners of said City, a -proposition
in writing, giving the fair or reasonable valuation of. said property, and
upon the reception of same, if the City of Paducah declines to pay the
price or accept the valuation so in dicated, it:will proceed to select a
disinterested expert, not a resident of the county of -McCracken or
interested in the Water Vlorks, or in the purchase thereof by the City, in
any way, and will request and does hereby request the said ''dater Company,
in the event the City of Paducah declines to purchase the i--iater works of
said Company, at the valuation fixed by it as hereinbefore indicated, that
it will and does hereby notify the said Water Company that it,will require
of it to also select a disinterested expert, who, together with the one
selected by the City of Paducah, shall fully inspect and -investigate the
value of the Water Clorks in the city of Paducah and fix a fair and reasonable
price therefor; and in the event that the said persons so selected: one by
the City and one by the Paducah Water Company- cannot agree upon the price
or fair and reasonable valuation of the said ['later Works, that the two so
selected shall select a third disinterested person, not a resident of the
city, and the three shall then proceed to fix a fair and reasonable
valuation; and if the City so elects, upon a vote of the people, it will
immediately take steps to accept the water works at the sura indicated by
the said experts, or make such arrangements as may then be agreed upon
between the City of Paducah and the Paducah ':'later Company; and in case no
agreement can be arrived at, to take such legal steps as may be advisable
and necessary to consummate the purchase of said Water Works by the City
of Paducah.
This ((.arch 29th, 1919.
Respectfully,
CITY OF PADUCAH,
By (Signed) Frank N. Burns
I layor .
(on the back of the above notice the following return was made: �•
"Executed by delivering to Muscoe Burnett, Superintendent and Treasurer
of the Paducah Water Company, a true copy of the within notice, the chief
officer of said Company not being in L1cCracken County- this March 29th, 1919.
(Signed) Geo. L. Alliston, S.M.C.
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By Geo. E. Rouse D. S. )
(The above Notice was received and :filed by the Boar0�-rp.fl�'����d!�'
ordered recorded on Idlarch 29th, 1919) j!'11Y(l
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