HomeMy WebLinkAboutOrdinances Book 7, Page 979, No Ordinance Numberr
AN ORDIITAIM AUTHORI?ING AND DIRECTING W, -r' I.RAYOR AND COP,YISSIONER
OF PUBLIC FINANCE TO BORROW THE SUI:" OF THIRTY THOUSAND 030,000.00) DOII:ARS
FROI! =,,' CITI7E1-1S SAVINGS BAND OF PAIDUCAH, KITTUCKY, AMID TO E F.CUTF, A NOTE
FOR SAID SUP,` FOR AU.D ON BETTALF OF SAID CITY.
BE IT ORDAIN D BY THE BOARD OF COI.II''.ISSI0NFRS OF TTTP CITY OF FADUCAH,;
P:4UITUCIY:
C.
S"CT ION I.
The I".a,yor arra Commissioner of Fuhl.ic 11 Lr nce are hereby authorized
and directed to borrow, on behalf of, and for the use and benefit of the
No.
Ordinance No.
,City of Paducah, from The Citizens 9aviy)Fs Bank of Tv-ducah, Kentucky,
t
the sum of Thirty Thousand (",,30,000.00) Dollars, to bear in er0 st at the
rate of 5,,-% per annum, an I a said sum, so borro'mod , is hereby placed to th,
credit of the General Fund of said City.
S:",CTIOII 2.
A note shall be executed, which shall bear the ri-rature of
the City of laducah by the ],a,7or and Commissioner of public Finance Of
said City, and said note shall be dated April 20th, 1923, and shall be
clue and payable on June 30th, 1923, and bear interest thereon at the rat
of 5-% per annum from maturity until paid, ni-A. for the payment of said
note, there is herebti, pledo-ed all revenue to be collected by said City
from taxes due in Jure 1923.
S7CTI01T 3.
This Ordinance shall take effect and be in. force from and
after its p--ssap-*e.
I'^ v or
R�MRDED APRIL 16TH, 1923.
p UB I, Iq TuM 11 17th, 1923.