HomeMy WebLinkAboutOrdinances Book 8, Page 124, No Resolution NumberNO. 19.4_
Orrdi nances
A RESOLUTIO14 AUTHORIZING AND DIRECTING THE MAYOR ANDTHE CITY
TREASURER OF THE CITY OF PADUCAH, KENTUCKY; TO BORROIN THE SUM OF 5$30,000.0`
FROM ANY BANK OR BANKS IN SAID CITY, AND TO EXECUTE NOTE OR NOTES THERE-
FOR ON BEHALF OF SAID CITY.
BE IT RESOLVED BY THE GENERAL COUNCIL OF THE CITY OF PADUCAH,
IIKENTUCKY.
SECTION 1.
i
i
That the Mayor and Treasurer of the City of Paducah, Kentucky,
i
are hereby authorized and directed to borrow on behalf of, and for the
use and benefit of the City of Paducah, Kentucky, from any bank or banks
in said City, the total sum of $30,000.00 for the period of 45 days, such
loan to bear interest not in excess of 6%, and which amount so borrowed
shall be placed to the credit of the General Fund of said City.
SECTION 2.
Said Mayor and Treasurer are further authorized to execute note
or notes therefor, and sign the name of said City by said Mayor and
Treasurer respectively, payable on or before 45 days after date with
interest as aforesaid; and for the payment of said note or notes there
is hereby pledged all revenue to be collected by said City from taxes for
the fiscal half year ending December the 31st, 1924.
SECTION 3.
This resolution shall be effective after its passage, approval
and publication.
it
r�� n ��7.�i -
�. , ENROLLMENT �0�.�.,�;11 � EE.
iSY �� �-✓Jin-. L7X
P—Id'w B ... d'j
f.. 2
Attc-' to - ------ +92..,fir
Dam 3-3