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HomeMy WebLinkAboutOrdinances Book 10, Page 1088, No Ordinance Number1088 / V n AN ORDINANCE AMENDING SECTION 100 OF All ORDINANCE ENTITLED: "AIV ORDINANCE FIXING AND REGULATING TIIE LICENSE TAXIS, AND MANNER AND FORM OF GRANTING AND ISSUING SAI.93 ON THE VARIOUS LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS, TRADES AND CALLINGS IN THE CITY OF PADUCAH, KENTUCKY, AND PROVIDING PENALTIES FOR NON- PAYMENT THEREOF, AIVD FOR VIOLATION THEREOF, AND MAKING IT UNLAWFUD TO ENGAGE IN ANY SUCH LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS, TRADES AND CALLINGS WITHOUT FIRST PAYING THE LICENSE TAX AND PROCURING LICENSES AS PROVIDED HEREIN", WHICH ORDINANCE WAS ADOPTED BY THE BOARD OF COU1,11ISSIONERS 0 THE CITY OF PADUCAH ON DECEMBER 30th, 1940, AND SECTION 100 THEREOF AS AMENDED BY ORDINANCE ADOPTED BY SAID BOARD ON JANUARY 4th, 1944. BE IT ORDAINED BY THE BOARD OF CO?.1MISSIONERS OF THE CI`T`Y OF PADUCAH, KENTUCKY: SECTION 1. That Section 100 of an ordinance entitled: "API ORDINANCE FIXIITG AND REG"ILATING TIDE LICENSE TAMES, AND MANNER AND FORM OF GRANTING A17 ISSUING SAT.1E ON THE VARIOUS LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS, TRADES AND CALLINGS IN THE CITY OF PADUCAH, KENTUCKY, AND PROVIDING PENALTIES FOR NODI-PAYI4ENT THEREOF, AND FOR VIOLATION THEREOF, AND MAKING TP UNLAWFUL TO ENGAGE IN ANY SUCH LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS, TRADES AND CALLINGS WITHOUT FIRST PAYING THE LICENSE TAX AND PRO- CURING LICENSES AS PROVIDED PIEREIN", which ordinance was adopted by the Board of Commissioners of the City of Paducah on December 30th, 1940, and Section 100 thereof as amended by ordinance adopted by said Board on January 4th, 1944, be and the same is hereby amended so that said section as amended shall read as follows: SECTION 100 INSURANCE COMPANIES Life, Ordinary Business Each life insurance company doing business in the City of Paducah and writing what is known as "Ordinary Life Insurance" as distinguished from what is known as "Industrial Life Insurance", whether or not such company is engaged in writing other lines of insurance for which a separate license or licenses are required to be paid under the other paragraphs of this section, shall pay a license tax of ;50.00. Life, Industrial Business Each life insurance company doing business in the City of Paducah and writing what is known as "Industrial Life Insurance," as distinguished from "Ordinary Life Insurance", whether or not ,such company is engaged in writing ordinany life insurance or any 1089 other line of insurance for which a separate license or licenses are required to be paid under other paragraphs of this section, shall pay a license tax of 175.00 where Five (5) agents, solicitors, and collectors, or a lesser number than Five (5) are employed during the fircal year for which license taxes imposed hereunder are due, and for each additional agent, solicito or collector employed at any time during Chid year the company shall pay a license tax of };15.00,1 Health and Accident Business Each company doing business in the City of Paducah and wri ing health and accident policies, whether or not such company is engaged in writing other lines of insurance for which a separate license or licenses are required to be paid under other paragraphs of this section, shall pay a license tax of „25.00/ Fire Insurance Each fire insurance company shall pay a license tax in an amount equal to two (2%) percent of all premiums received by said company within the preceding calendar year for insurance on property located within the corporate limits,.but in computing the amount of such t x the percentage on any premiums which have been returned to policy- holders shall not be included. Any fire insurance company entering the city during the license year shall at the end thereof promptly pay to the city the full amount of the tax on the basis hereinabove provided. Other Insurance Business Each casualty, mutual insurance company, Lloyd's organization or reciprocal or inter -insurance exchange, together w, th any finance company placing and/or collecting insurance premiums on accounts ;handled by such company, and also each company writing policies covering automobile liability, public liability, general liability, manufactdrer's public liability, elevator liability, contractor's liability, household liability, residence theft, pay -master robbery, general burglary, bank burglary and robbery, forgery mercantile safe burglary, marine plate glass, messenger or interior robbery, automobile collision, automobile fire and theft, all forms of sureuy bonds, and, with the exception of liability of employers for personal injury to their employees, or death caused thereby, under the provisions of the Workmen's Compensation Act, all other forms of e.: liability, casualty and hazard insurance upon parsons and property not specifically enumerated herein, shall pay a license tax in an amount equal to two (2w) percent of all premiums received by said company within the preceding calendar year on risks located within! 1090 Ithe corporate limits of the city on those classes of business whit said company is authorized to transact, but in computing the amoun Of such tax the percentage on any premiums which have been returne to the policyholder shall not be included. Any such company enter. the city during the limense year shall at the end thereof promptly Pay to the city the full amount of the tax on the basis hereinabov provided. The city shall collect a fee of $?5.00 from any company whose fee or tax on the percentage of premiums basis is less than :p5.00. The license taxes imposed under the provisions of this recti shall be due and payable on January 19t of each year hereafter, beginning on January 1st, 1945, and upon the payment by the compan of the tax provided herein the City Treasurer shall issue to such company a license to engage in such business from January Ist to December 31st. Provided, however, the City Treasurer shall not issue a license to any company whose tax is based upon a percentage of premiums until such company has filed with her a sworn statement showing the total amount received in premiums during the Such preceding) calendar year. Susworn statement may be made by the agent or by any other duly authorized official of the company. SECTION 2. All ordinances and parts of ordinances in conflict 4erewith are, to the extent of such conflict hereby repealed. SECTION a. This ordinance shall be in full force and effect from and after its adoption. Passed by the Board of Commissioners, December 12th, 1944 Recorded by Rudy Stewart, City Clerk, December 12th, 1944.