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Home My WebLink AboutOrdinances Book 9, Page 1099, No Ordinance Number:e AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATIOi 0 ALL PROPERTY IN TIE CITY OF PADUCAH, KEIiTUCKY, SUBJECT TO TAXATION FOR WUI7ICIPAL PURPOSES AND FOR SCHOOL PURPOoES FOi; THE YEAH 1937, AIM TAE RATE OF POLL TAX ',ITH THE PURPOSE O'r SAID TAXES TKREUNDER DEFINED. BE IT ORDAINED 81 THE BOARD OF C0:3;:IS�10DE113 j I OF THE CSTY OF PbLUCjiH, KEC.TUCKY: SECTION 1. There is hereby levied for the year 1937, upon all taxable property within the city of Paducah, Kentucky, real and personal, subject to taxation for municipal purposes, an ad value s. tax of One and 38/100 ($1.38) Dollars, upon each One Hundred ($100.00) Dollars of valuation of taxable property in said cityy pursuant to Section 157 of the State Constitution, to defray the f cost of maintaining and administering the Government of the City of Pa;iucah for the year 1937, and to cover the estimated cost of maintaining and operating the departments and agencies of said Government pursuant to the annual budget to be prepared and sub- mitted to the Board of Commissior.rs by the City ilarager, for approval by the Board of Commissioners, exclusive, however, of the levies hereinafter mentioned and defined. There is also hereby levied a poll tax of One and 50/100 ($1.50) Dollars on each malte resident of the City of Paducah over 21 years of age for the year 1937. There is also hereby levied upon each One Hundred ($100.00)1 Dollar valuation of taxable property in said City, a special tax of Two (.02) Cents, to be paid into and become a part of the Police and Fireman's Pension Fund, and which fund shall be segregated and set apart in a separate fund in the City Treasury, and shall be held subject to and for the purposes defined in Sections 3142-1-19 Y— ntucky Statutes, There is hereby levied for the year 1937 on j all tax_ble property within. said City, subject to taxation for L purposes, an ad valorem tax of Eight (.O8) Cents upon each C:.e L =.a red (;.110.00) Dollars of valuation of taxable property to iiC:: ;-.: f,r:d for the iurpoc.e of paying and retiring out- { :.o-. ch have been •.Otca by the people of the City of j ii'se.lee hereby levied 1'or said year an ad v__ore oi' +y -two (.+.c:) Ce::ts or. each One Hundred (ZlOO.00) 0` tan.....c. ,:i Gt'_r•ty i.. ca.id City, to pay the ur7aid voted Torus, ands all of r.hich co:.:; .... n t _:. , ,:roved [y vote 0: t :. of scid City. :.e rr.t o.' :Gr tc- �stlra:ai.d ex.-i;ditures o; y or.. L, f'or nucfi oth,_r Page 110 il purposes as are deeueu to be re:cessary for the proper maintenance at:d au.tinistcr"ne thereof, and with the amount appropriated for each of said depart,aents and purposes shall be set apart and stated, In the bgdget en,z apportion.jent which shall be adopted and provided for by the Board of Commissioners, and set out In said a,,portionmcnt ordinance; and the amount of levies provided in this ordinance are necess:.ry and required in order to provide the revenue adequate to ' r_eet the requirements of said appor!ionment ordinance. SECTION 2. There is hereby levied for the year 1937, a tax of Twenty (.EO) Cents on each One riurdred ($100.00) Dollars of the fair cash value upon all the shares of stock of State Banks and Trust Companies Incorporated under the laws of this Co.,onwealth, and engaged it. business in the City of Paducah, Kentucky, and a lfi_e tax upon all th shares of stock of National Banks doing business in said city. And th-re is further levied a tax of fifteen (.15) cents on each One Hundred ($100.00) Dollars of the fair cash value of all unmanufactured agricultural prod.cts subject to taxation r.ithin said City for gentral municipal purposes, and all of said taxes provided i for in this, section, are levied and to be collected for the year 1937, and to be used for general municipal purposes. p SECTION 3. All revenues derived from licenses and from all other sources collected and paid into the City Treasury, for general municipal purposes, shall be distributed to their respective accounts in the same proportions as ad valorem taxes herein provided for, except revenues and th, sources ther of which have not been considered in akirg up the apportionraant ordin�n&, ,nd in the event of the Cpl,ectioa of any other revenues or receipts of other income which ...,s rat considered in M --king up the appor Ion:ui�nt ordinance, same zhall be credited to the general fund. SECTION A. The Board of Education of the City of Paducah, pursuant to .:thorlty vostcd I.. ;.t under its Charter, and unuer ti:c 1. va of the .:tato 0:r;u: ,t ::y, tr:vc •._opted a resolution requesting therein that c io rc of CO::. i.,.. _.: 01 the City of Paducah should levy an ad vsLorcn to c._ ..__ .:o, rty i.. said city for school purpo"s, and nlso a: ... v'er.:: t x ,..0: ..uch ;:roperty for sinking fus:d Pur oc.es. s:., .. -o si. r._:.o ::, _ it ::ppoar r:g to thi sails - it is I. my to make Lor• c: is for _.. Y,. -.r ..67 _,.o:.sub- joct to taxation for school purposes within said City, an ad valore tax of Eighty-three (:83) Cents on each One Hundred ($100.00) Dollars of valuation of real and personal property in. the City of ?aldueah, for the support and maintenance of public schools In said ,City, less the estimated sum to be received from the State Common School Funds and from other sources; and th�.re is like,Ase hereby levied and Ix.posed an ad valorem tax upon such real and personal _:roperty subject to taxation for school purposes in the City of Paducah for the year 1937, Fifteen (.15) Cents upon each One Hundred (°100.00) Dollars of valuation of such property for the purpose of creating a sinking fund for the paym:nt of bonds for the City of Paducah issued for school purposes, and in payment of interest upon such bonds as and when the same may become due; and there is hereby further levied a tax of Forty (.40) Cents on each One Hundred ($100.00) Dollars of the fair cash value upon all the shares of stock of State Banks and Trust Companies, incorporated under the laws of this Commonwealth, and engaged in business in the ,City of Paducah, Kentucky, and also on National Banks doing business in said City for the year 1937, and which tax so levied shall be for the support and maintenance of public schools of said city. There is also her by levied and imposed an ad valorem tax of Three (.03) Cents on each One Hundred ($100.00) Dollars of valuation of real and personal property in the City of Paducah, subject to taxation for the year 1937, for the support and main- tc:__::c. of the Teachers RetireTent System, as a part of the taxes aL. addition to such taxes for public school purposes. There is hereby further levied and imposed a tax of Five (.05) Cents on each One Hundred (Y1O0.00) Dollars of valuation of all real and personal property in the City of Paducah, subject to taxation for the year 1537, :.)ursuant to an ordinance adopted by the Board of Commissioners of said City on the 27th day of January, 1937, for the purpose of i aiding, assisting and nalntainia;; the Paducah Jutllor College, and which taxeS shall be, and the same is hcroby declared to be a tax for school pur;:oses. SECTION 5. The tot:! ad vklorem taxes levied under this ordinancd :.r e. as ? o.. of .,.._.. fund ..............$— _. .................... ............................... .83 — ........... 15 ........................... .08 page For interest on voted bonds .................. .............. .22 For Teachers Retireoent System .............................. .03 ................................ For Paducah Junior College.. .05 Totalof scid levies ........................................$ 2.76 Total levies on Banks & Trust Companies Stock for School purposes ...... ...................... .40 Total levies on unmanufactured agricultural Products for City Purposes ............................ .15 SECTION 6. p, This ordinance shall take effect from and after its adopted. N idayor Passed by the Board of Comm ssioners April 26, 1987 Recorded by Rudy Stewart, City Clerk, April 27, 1937 �