HomeMy WebLinkAboutOrdinances Book 10, Page 1520, No Resolution Number1520
A RESOLUTION EXEMPTING FROM MUNICIPAL TAXATION FOR A PERIOD
OF FIVE YEARS THE MANUFACTURING BUSINESS AND PROPERTIES 017NED
BY FRED B. ASHTON, DOING BUSINESS UNDER THE FIRM NA14F AND
STYLE OF THE ACE MANUFACTURING COMPANY, AT 2601 BROADWAY IN
THE CITY OF PADUC AH, KEiN TUCK Y
WHEREAS, Fred E. Ashton has become the o:,ner of the real esta
located at 2601 Froadway in the City of raducah, Kentucly, togeth
with the machinery formerly used by Albert Kraus in connection tiri
the operation of a machine shop in the building located upon said
property; and,
71HEREAS, THe said Fred B. Ashton has moved from St. Louis, Mis
his machinery for manufacturing pharmaceutical dies and post offic
equipment at 2601 Broadway in Paducah, and will be engaged in the
business of manufacturing new products at said location; and,
FfHEREAS, the said Fred B. Ashton, doing business under the fir
name and style of the Ace Manufacturing Company, has submitted his
application for exemption from municipal taxation on his business
and manufacturing_ properties at the above location; and,
WHEREAS, it appearing from the application submitted by the as
Fred E. Ashton that this plant is a bona fide manufacturing enter-
prise and that the products he will manufacture are entirely new,
and,
'WHEREAS, it further appearing that under the statutes and also
under the ordinances of the City of Paducah, said applicant is en-
titled to exemption from taxation for a period of fige years as an
inducement to the operation of said business in the �'ity of Paduca ;
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF COMI!13SIONERB OF
THE CITY OF PADUCAH, KENTUCKY:
QEC TION 1.
That the business of Fred B. Ashton, doing business under the
name and style of the Ace Manufacturing Company, the real estate
by him and all manufacturing properties owned and operated in
his manufacturing business at 2601 Broadway in the City of
Paducah, Kentucky, be exempt from the payment to the City of
Paducah of all license taxes and all ad valorem taxes, with
the exception of taxes due and payable for school purposes,
for a period of five years, the exemption from license taxes
to beCin January 1, 1947, and the exemption from ad valorem
taxes to begin w th the assessmonts which would 'become due in
the year 1948.
d
1521
SECTION 2.
This resolution shall be in full force and effect f
and after its adoption.
Tr:a yo
Passed by the Board of Commissioners, November 26, 1946
Recorded by Sarah Thurman, Acting City Clerk, november 26, 1916.