HomeMy WebLinkAboutOrdinances Book 10, Page 3, No Resolution NumberPa3c 3
A RESOLUTIOi? PROVIDING FOR TH3 TRA-?SFER OF MOiIIES
FROM T3EE FUiID CREATED B'I THE: PROCEEDS OF THE SALL'' 02
30NDS TO THE GENERAL FUND OF THE CITY OP YADUCAH,
FOR THE 'URPOSE OF RPITMI,RSING SAID G -E _ERAL FUJD FOR _'O::IES
ADVANCED BY IT IN CONNECTIOid I.JITH THE ACQUISITIO'; OF SEA-
WALL RIGHTS OF :?AY.
.i ]E:4E'AS, the CMJ of paducah in ?'eCracicen County,
Kentucky, desires to obtain and procure the establishment of
a sea --.-!all or flood -wall to protect the citizens of said city
and t':eir-oro?erties fro..: the ravages and dama3es of floods
occasioned by risin_ haters :in the Ohio River and tributaries
thereto, and said city has arranZed a plan by which said sea-
,,,all ;•;ill be constr>_cted by t'ne Federal Government, and
:IEREAS, in pursuance of said plan, as duly authorized
and by law provided, a certain fund has been created by the
sale of sea-wall ri;hts of wad* bonds, and
';HEREAS, the purpose of the proceeds derived from the
sale of the said sea -„all rights of way bonds is to finance and
defray all expenses which is necessary and le.,,ally incident to
the acquisition of said rights of Way, and
l°dI-IEREAS, the City of Paducah has heretofore caused to
be advanced and expended from its General fund certain monies
In connection with el,�ense attendant on the acgt.isition of the
said ri,;'.zts of ::ay, C. _--EIiEF OZE,
3E IT '3SOLV_, L's Ti_E BOARD Ci' COLIi,iISST_GIERS 0?' TIIE
CITY OF PA',UCA_i, Ki IITUChI:
SECTION 1.
That the City Manager, in conjunction with the City .
Treasurer of the City of Paducah, Kentucky is hereby authorized,
empowered, and directed to transfer from the proceeds of the
sale of sea-wall ri7hts of xray bonds to the Cenerql Fund of the
City of Paducah, a sufficient sum to reimburse the said General
fund for such moniL-s as it ',as here-tofore advanced in connection
with expenses which is necessary and le„ally incident to the
acquisition of riBnts-of-way for the sea-,:'�11 to be erected at
said City.
Pale 4.
Section 2.
This Resolution shall be in full force and effect from
and after its adoption.
ayor
Passed by the 3oard of Commissioners, January 13, 1939
Recorded by 7mdy Stevart, City Clers, January 20, 1939