HomeMy WebLinkAboutOrdinances Book 10, Page 1554, No Resolution Number1554
A RESOLUTION PROVIDING FOR THE EXECUTION OF AN INJUNCTION
BOND IN THE SUM OF $3000.00 BY THE CITY OF PADUCAH PURSUANT TO THE
ORDER OF THE McCRACKEN CIRCUIT COURT ENTERED IN .THE ACTION OF THE
CITY OF PADUCAH, ET AL VS. KENTUM UTILITIES C014PAMY ON DECEMBER
16, 1946, AND AUTHORIZING THE CITY MANAGER TO ARRAVGE '1tiITH A BONDI
COMPANY TO EXECUTE SAID BOND AS SURETY FOR THE CITY OF PADUCAH.
WHEREAS, in the action of the City of Paducah, et al.
vs. Kentucky Utilities Company now pending in the McCracken
circuit Court, an order was entered on December 16, 1946
directing the clerk of said court to issue an order of in-
junction requiring the defendant to have its appraiser, J.
Samuel Hartt, proceed with the appraisal of the electric utility
system of the Kentucky Utilities Company as provided in said
order when the plaintiff, City of Paducah, shall tender or
file before said clerk a bond with approved surety, obligating
the plaintiffs and the surety to pay to the defendant such
damages as it may slzstain, not exceeding however the sum of
$"3000.00, if it is decided that said order of injunction should
not have been entered;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COAIIdISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SEC TION 1.
That the City of Paducah, Kentucky execute and
deliver to the Kentucky Utilities Company a bond in the sum
of ;,'3000.00, the condition of said bond being that the City
of Paducah will pay to the Kentucky Utilities Company such
damages as it may sustain not exceeding however the sum of
$3000.00 by reason 'of the compliance by the Kentucky Utilities
Company with the provisions of the aforesaid order of injunction
of December 16 , 1946 if it is finally decided that said in-
junction order Should not have been granted; that the Mayor
is hereby authorized and empowered to execute said bond, with
the attestation of the city clerk for and on behalf' of the City
of Paducah, a'copy of which bond is filed herewith and made a
part of this Resolution to the same extent as if fully copied
herein, and the City Manager shall be authorized to arrange with
is bonding company to execute said bond as surety for the City
of Paducah and to pay the premium therefor, the amount of such
�pre3lium to be charged to the contingent fund.
1555
SECTION 2.
This Resolution shall be in full force and effect from and
after its adoption.
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Passed by the Board of Commissioners on,December 31, 1946
Recorded by Sarah Thurman, City Clerk, December 31, 1946.