HomeMy WebLinkAboutOrdinances Book 9, Page 739, No Resolution NumberPage 739
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A RESOLUTION AUTHORIZING THE TAYOR AND COMJISSION':R
OF PUP LIC FITTANCE OF THE CITY OF PADUCAH TO ACCEPT FROM THE
" CITIZENS SAVINGS BATIK, BONDS AND'SFCUT'ITITTS IN LIEU OF PT-RSOTIAL
BOND TO SECURE DEPOSITS OF TIiE: CITY OF PADUCAH IN SUCH BATIK.
Whereas, the Citizens Savings Bank of Paducah, Kentucky,
has been designated as one of the City of Paducah Depositories,
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Whereas, a personal bond has heretofore been executed,
February 25th, 1932, to protect such deposits, and whereas it is
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desired to protect said deposits in said bank iiith securities
+! in lieu of a personal bond, Novi, therefore be it resolved,
That purusant to Section No. 579, of 1932 Kentucky
II Statutes, the Mayor of the City of Paducah and the Commissioner
of Public Finance are hereby authorized to accept from the
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Citizens Savings Bank, through pledge by resolution of its
Board of Directors, government bonds, state of Kentucky warrants
or city of Paducah notes or i.onds, or other securities acceptable
to the city of Paducah, sufficient in amount to cover amount of
deposits in said bank at all times; and that the personal
i endorsers of the previous bond, R. Rudy and F. Lack, be excused.
This resolution shall be in effect from and after its
passage and approval.
Signed
Passed by the hoard of Commissioners November 22nd, 1932.
Recorded by Rudy Stewart, Clerk November 1932.
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