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HomeMy WebLinkAboutOrdinances Book 10, Page 1362, No Ordinance Number1362 AN ORDINANCE FIXING T3E LEVIES AND RATES OF TAXA TION ON ALL PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE YEAr( 1946, AND THE RAPE OF POLL TAX 11,`,ITH THE PURPOSES OF SAID TAXES THEREUNDER DEFINES BE IT ORDAINED BY THE BOARD OF COMMISS10NERS OF T-iE CITY OF PADUCAff, KER TUCKY: SECTION 1. There is hereby levied for the year 1946, upon all taxable property within the City of Paducah, Kentucky, real and personal, subject to taxation for municipal purposes, an ad - valorem tax of One and 50/100 (,,'1.50) Dollars, upon each One Hundrea (V100.00) Dollars of valuation of taxable property in said city, pursuant to Section 157 of the State Constitution to defray the cost of maintaining and administering the Government of the City of Paducah for the year 1946, and to cover the estimate cost of maintaining and operating the departments and agencies of said Government pursuant to the annual budget prepared and submitted to the Board of Commissioners by the City blana3er for approval of the Boara of Commissioners, exclusive, however, of the levies hereinafter mentioned and defined. There is also hereby levied a poll tax of One and 50/100 (x;1.50) Dollars on each male resident of the City of Paducah over 21 years of age for the year 1946. There is also hereby levied upon each One Hundred (u100.00) Dollars valuation of taxable property in said city, a special tax of four (.04) Cents to be paid into and become a part of the Police and Firemen's Pension Fund, and which fund shall be segregated and set apart in•a separate fund in the City Treasury and shall be held subject to and for the purposes defined in Sections 95,580 and 95,590 of the 1942 Revision of the Kentucky Statutes. There is hereby levied for the year 1946 on all taxable property within said city subject to taxation for municipal purposes, an ad valorem tax of Thirteen (.13) Cents upon each One Hundred 0100.00) Dollars of valuation of taxable property to create a sinking fund for the purpose of paying and retiring outstanding bonds, including bonds issued byl the City of Paducah for school purposes, which have been voted by the p ople of the City of Paducah, and there is likewise herejy levied for said year an ad valorem tax of Seventeen (.17) Cents on each one Hu.dred (•','100.00) Dollars of valuation of taxable property in said city, to pay the interest on said outstandinZ unpaid voted bonds, and all of which bonds have been approved by vote of the people of said city. 1363 The rate of taxation for the estimated expenditures of each department of the City Government, and for such other purposes as are deemed to be necessary for the proper maintenance and administering thereof, and with the amount appropriated for each of said departments and purposes shall be set apart and stated in the budget and apportionment which shall be adopted and provided for by the Board of Commissioners, and set out in said Apportionment Ordinance; and the amount of levies provided in this ordinance are necessary and required in order to provide the revenue adequate to meet the requirements of said apportionment ordinance. I SECTION 2. There is hereby levied for the year 1946, a tax of Tarenty (.20) Cents on each One Hundred ($100.00) Dollars of the fair cash value upon all the shares of stock of State Banks and Trust Compani s incorporated under the laws of this Commonwealth, and engaged in business in the City of Paducah, Kentucky, and a like tax upon all the shares of stock of National Banks doing business in said ci And there is further levied a tax of fifteen (.15) Cents on each One Hundred (;;100.00) Dollars of the fair cash value of all unmanufactured agricultural products subject to taxation within said city for general municipal purposes, and all of said taxes provided for in this section, and levied and to be collected for the year 1946 and to be used for general municipal purposes. SEC 'TI ON 3. All revenues derived from licenses and from all other sources collected and paid into the City Treasury, for general municipal purposes, shall be distributed to their respective accounts in the same proportions as ad valorem taxes herein provided for, except revenues and the sources thereof which have not been considered in making up the Apportionment Ordinance and in the event of the collection of any other revenues or receipts of other income which was not considered in making up the Apportionment Ordinance, same shall be credited to the General fund. SECTION 4. The Board of Education of the City of Paducah pursuant to authority vested in it urder its Charter, and under the laws of the State of Kentucky, have adopted a resolution requestin therein tha the Board of Commissioners of the City of Paducah shall levy an ad -1 1364 valorem tax on all property in said City for school purposes. Now, pursuant to said resolution, and it appearing to the satisfaction o the Board of Commissioners, that it is necessary to make the levies for school purposes as hereinafter set out, there is hereby levied for the year 1946 upon all the taxable property subject to taxation for school purposes within said city, an ad valorem tax of One Dollar and 10/100 041.10) Cents on each One Hundred (?;100.00) Dolla s of valuation of real and personal property in the City of Paducah, for the support and maintenance of public schools in said city, les the estimated sum to be received from the State Common School Funds and from other sources; and there is hereby further levied a tax of Forty (.40) Cents on each One Hundred ($'100.00) Dollars of the fair cash value upon all the shares of Stock of State Banks and Trust Companies, incorporated under the laves of this Commonwealth, and engaged in business in the City of Paducah, Kentucky, and also on National Banks doin business in said city for the year 1946, and which tax so levied shall be for the support and maintenance of public schools of said city. There is hereby further levied and imposed a tax of five (.05) Cents on each One Hundred ($100.00) Dollars of valuation of all real and personal property in the City f Paducah, subject to taxation for the year 1946, pursuant to an ordinance adopted by the Board of Commissioners of said city on the 27th day of January, 1936, for the purpose of aiding, assisting and maintaining the Paducah Junior College, and which tax shall be and he same is hereby declared to be a tax for school purposes. SECTION 5. There is hereby further levied and imposed a tax of five (. 5) cents on each One Hundred (}100.00) Dollars of valuation of all real and personal property in the City of Paducah subject to taxation for the year 1946, purusant to the provisions of KRS 173.360 forthe purpose of maintaining the public library. SEC TION 6. (over) 1365 The total ad valorem taxes levied under this ordinance are as follows: For all City purposes, exclusive of sinking fund . For Police and Fix emen's Pension ?'1.50 Fund . . . . . . . For General School -purposes . . . .04 . For Sinking Fund on Voted Bonds, includinZ school bonds 1.10 . For Interest on Voted Bonds, includin;, school bonds . .13 For Paducah Junior College . . � � � .17 For Public Library . . . . . . .O5 . .. .O5 Total of said levies. • . . � Total Levies on Banks andTrustCompanies� . . ;3 04 Stock for City Purposes . . . . . . . . . . . . . . . .20 Total Levies on Banks and Trust Companies, Stock for School purposes . . . . . . . . . . . . . .40 Total Levies on unmanufactured agricultural products for city purposes . . . . . . . . . . . . .. .15 SEC TI ON 7. This ordinance shall take effect from and after its adoption. Passed by the Board of Commissioners, April 16th, 1946 Recorded by Rudy Stewart, City Clerk, April 16th, 1946.