HomeMy WebLinkAboutOrdinances Book 8, Page 914, No Resolution Number37;c0:U:'ION r,UTHD_:I;L:G .-I_...._-G ik; L:nYO_. ;,iL H7. CITY
3 nS1J=,' 1 Oz` iH CITY 0-YDnDUC_YH, i:`.i i'UCKY, TO 30--L,0-7 :JaOUIdTS AGG-E.- .'Ti_I'
'M SULI Or 5j50,000.00, ;,S '11ii . L Li- I a_' tiUlil:rD TO i`.. _;T i'H I; eDS 0?
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DD I'_ ....�:OL�T.3L 3Y 111-1➢ G7-iI__,L-,1COUIICIL Or ''HE CITY I
SEC _I01T 1.
That the Iayor and City Trousurer of the City of Pa.iucah
are heieby authorized and diraeted to borrow, for and on behalf of said
City, from :..ny Balk or Beni-- ;..c Lein, amoun::s necessary to meet the
needs of said City ..nd aggreEt_ng arp,roxiraataly :,,,50,000.00, such loan
or loins to bear interezt not in excess of 6"o' per annum, and :'lhich shall
be placed to the credit of said City.
SECTIO' -,ti 2.
Said 1.Iayor and City Treasurer are further authorized to
atecuts note or notes for said loans, and to sign the name of said City
by said 1,:ayor arl Treasurer resrGctively, payable on or before July 1st,
1927, •:jith interest; and for the 1:ayment of said note or notes there
is hereby pladL:ed all ravenues to be collact,-,d by said City .from taxes
for the fiscal half ;; -_.r ending July 1st, 1927.
:, C Li.' I O;i 3.
This resolution shall be effective from its passage,
agc*•oval and publication.