HomeMy WebLinkAboutOrdinances Book 9, Page 808, No Resolution NumberPage 808
A RESOLUTION AUTHORIZI11G. THE COI."TSSIOPEM OF 71ATTER ':IORIiS
TO INVEST THE ACCUMULATIONS OF CERTAIN FUNDS IT? 'IIATER INORIIS B071DS,
WHICH ::'FRE ISSUED FOR THE PURPOSE OF ACQUIRIFG.,SAID ':'/ATTR `.VORKS
BY THE CITY OF PADUCAH, KF.TTTUCKY,
7HEREAS, there have accumulated certain funds in the account
of the Paducah 'dater Works which are required or permitted to be
invested or Dlaced. on deposit at interest, and it is represented
by the Commissioners of i'later 'Works that said funds can be most
adequately and advantageously taken care of by investing portions
thereof in Paducah ,'later I'lorks Bonds; and;
INHERF.AS, .said Commissioners of Plater 17orks desire the
approval of the Board of Commissioners of the City of Paducah
in making said investments;
NO'+l, THEREFORE, BE IT RESOLVED BY THE.BOARD OF COLMISSIOTfERS
OF THE CITY OF PADUCAH, KENTUCKY:
That the Commissioners of Water Works of the City of
Paducah, Kentucky, in the handling and protection of the funds
and accounts required and permitted by law to be segregated
and invested, be, and they are, hereby authorized and empowered
to invest said funds, except funds in the Interest and Bond
Redemption Account, in their discretion in said Paducah Water
Works Bonds, and hold said bonds in said separate accounts, and
report the same as required of other funds and properties
entrusted to them.
Signed
I3ay or
Passed by the Board of. Commissioners July 24th, 1933.
Recorded by Rudy Stev,art, Clerk July 9-5)"` 1933.
O. K.
I*
CITY QL,IEF"•