HomeMy WebLinkAboutOrdinances Book 9, Page 694, No Resolution NumberPage 694
A RESOLUTION AUTHORIZING THE MAYOR AND COUP.1ISSION?'tt Ur'
rUBLIC FINANCE OF THE CITY OF PADUCAH TO ACCEPT FROM THE
PEOPLES NATIONAL BANK BONDS OR SECURITIES TO SECURE THE DEPOSITS
OF THE CITY OF PADUCAH IN SUCH BANK.
Whereas, the Peoples National Bank of Paducah, Kentucky,
has been designated as one of the City of Paducah depositories,
and,
111hereas it is desired that such City be protected in
deposits made in such bank,
Therefore, be it resolved that the Mayor of the City
of Paducah and Commissioner of Public Finance are hereby
authorized to accept from the Peoples National Bank, Government
bonds, State of Kentucky warrants or City of Paducah notes or
bonds sufficient in amount to cover the amount of deposits in
said bank at all times.
This Resolution shall go into effect immediately upon
its passage.
Signed
ayor
Passed by the Board of Commissioners February 29, 1932.
Recorded by Rudy Stewart, Clerk February 2tj 1932.