HomeMy WebLinkAboutOrdinances Book 9, Page 826, No Ordinance NumberPage 826
AN ORDINANCE AUTHORIZING AND EMPONTRING TTIF MAYOR TO
EXECUTE AND MLI,'ER A DEED TO CERTAIN REAL ESTATE 13FLONGING
TO THE CITY OF PADUCAH, KENTUCKY.
17ITFRFAS, on the 3rd day of January, 1933 the Licuidating
Committee of the Smith 8- Scott Tobacco Company Incorporated
executed and delivered to the City of Paducah, Kentucky a deed
to certain real estate mentioned and described therein, which
deed was duly accepted by the City, of Paducah and recorded in
Deed book 177 page 482 McCracken County Court Clerk's Office,
and
7,'HEREAS, said real estate so described in said deed was
purchased and paid for by the Paducah Industries Committee
Incorporated and said deed caused to be made to the City of
Paducah for the purpose of enabling the City to utilize funds
that had been provided for the employment of large numbers of
unemployed people in said city and which funds could not, under
existing regulations, be so utilized unless the title to the
pronerty were placed in the City at said time and it being the
purpose and intention of all parties thereto that the title to
said property should be revested in the Paducah Industries
Committee Incorporated and
17HERFAS, it is no longer necessary or advantageous for any
public or other purpose to retain the title of said property in
the city of Paducah, Kentucky and the city desiring to vest the
title in the real owner the-,eof to -wit; The Paducah Industries
Committee Incorporated, has offered to execute deed thereto
conveying said property to said Paducah Industries Committee
Incorporated, NOW, THERFFORE,
BE IT ORDAINED BY THE BC;,RD OF COi:?P,'T,SIONEnS CF THF: CITY
OF PADUCAH, KENTUCKY.
SECTION 1. i
That in consideration of the conditions and facts stated
in the preamble hereto and in the interest of the public
welfare and in order to vest the title to certain real estate
in the Paducah Industries Committee Incorporated, the said
i
Paducah Industries Committee Incorporated, having paid the
consideration and purchase price therefor, the May or is hereby
authorized and empowered to execute a deed to that certain
property which was conveyed to the City of Paducah, Kentucky by
the Liquidating Committee of the Smith & Scott Tobacco Company
on the 3rd day of January, 1933 by deed recorded in deed book
Page 827
177 page 482 McCracken County Court Clerks office, which
property is described as.being located at the intersection
of 8th & Burnett Streets between 8th Street and 9th Street on
Burnett Street so as to vest the title to said property hencefor
in the Paducah Industries Committee Incorporated so as to
relive said city of any liability or repsonsibility on account
of the ownership of said property.
SECTION 2.
This ordinance shall be in effect upon its adoption.
Signed
Mayor
Passed by the Board of. Commissioners September 30th, 1933.
Recorded by Rudy Stewart, City Clerk September 30'A— 1933.
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