HomeMy WebLinkAboutOrdinances Book 10, Page 93, No Ordinance NumberP�7 9 s
AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION
ON ALL PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO
TAXATION FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE
YEAR 1939, AI;'D THE RATE OF POLL TAX KITH THE PURPOSE OF SAID
TAXES THEREUNDER DEFINED.
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE
CITY OF PADUCAH, KENTUCKY:
SECTION 1.
There is hereby levied for the year 1939, 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 (�A.50) Dollars, upon each One
Hundred ($100.00) Dollars of valuation of taxable property
in said city, pursuant to Section 157 of the State Constitution
ro defray the cost of maintaining and administering the Bovernment
of the City of Paducah for the year 1939, and to cover the estimated
cost of mainffining and operating the departments and a gne¢ies of
said Government pursuant to the annual budget to be prepared and
submitted to the Board of Commissioners by the City Manager,
for approval by the Board of Commissioners, exclusive, however,
of the levies hereinafter mentioned and defined. There is also
hereby levied a poll tax of One and 50/100 ($1.50) Dollars on each
male resident of the City of Paducah over 21 years of age for the
year 1939. There is also hereby levied upon each One Hundred
($100.00) Dollars valuation of taxable property in said city, a
special tax of Two (.02) Cents to be Ia id 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 3142-1-19 Kentucky Statutes. There is hereby levied
for the year 1939 on all taxable propertyrrl.thin said city,
subject to taxation for municipal purposes, an ad valorem tax of
Fifteen (.15) Cents upon each One Hundred (10100.00) Dollars of
valuation of taxable property to create a sinking fund for the
purpose of paying and retiring outstanding bondswhichhave been
voted by the people of the City of Paducah, and there is likewise
hereby levied for said year an ad valorem tax of Twenty-five (.25)
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Cents on each One Hundred ($100.00) Dollars of valuation of
taxable property in said city, to pay the interest on said out-
standing unpaid voted bonds, and all of which bonds have been
appuoved by vote of the people of said city.
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 peeper 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 Commistioners, 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.
SECTION 2.
There is hereby levied for the year 1939, a tax of Twenty (20)
Cents on each One Hundred (k100.00) Dollars of the fair cash value
upon all the shares of stock of State Banks and Trust Companies i I
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
city.
And there is further levied a tax of fifteen (.15) cents on
each One Hundred (•:;100.00) Dollars ofthe fair cash value of all _
unmanu£acttred agricultural products subject to taxation within
said city for general municipal purposes, and all of said taxes
provided for in this section, are levied and to be collected for
the year 1939 and to be used for general municipal purposes.
SECTION 3.
All revenues derived from licenses and from all other sour
collected and paid into the City Treasury, for general muntcci pal
purpaes, 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;
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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 under its Charter, and under the laws of the
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State of Kentucky, have adopted a resolution requesting therein
that the Board of Commissioners of the City of Paducah shall levy
an ad valorem tax on all property in said City for school purposes;
and also an ad valorem tax upon such property for sinking fund
purposes. Now, pursuant to said resolution,and it appearing to
l the satisfaction of the Board of Commissioners, that it is
necessary to make the levies for school purposes as hereinafter
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set out, there is hereby levied for the year 1939 upon all the
taxable property subject I.c taxation for school purposes within
said city, an ad valorem tax of One (1,?1.00) Dollar on each One
Hundfed ($1CO.00) Dollars of valuation df real and personal
property in the City of Paducah, for the support and maintenance
of public schools in said city, less the estimated sum to be
j' received fro: the State Common School Funds and from other
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sources; and there is likewise hereby levied and imposed an
ad valore]a tax upon such 'real and personal property subjedt to
taxation for school purposes in ts:e City of Paducah for the year
1939, Fifteen (.1.5) Cents upon each One Hundred (;;100.00) Dollars
of valuation of such propjrty for the purpose of creating
a sinking fund for the payment of bonds for the City of Paducah
issued for school purposes and in payment of interest upon such
bonds as and when the same may become due; 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
laws of this Commonwealth, and engaged in business in the City
of Paducah, Kentucky, and also on National Banks doing business
ii in said City for theyear 1939, and which tax so levied shall be
for the support and maintenance of public schools of said city.
There is also hereby levied and imposed an ad valorem tax of
j Three (.03) Cents on each One Hundred (,'�100.00) Dollars of baluation
of real and personal property in the City of Paducah, subject
to taxation for the year 1939, for the support and maintenance
of the Teachers Retirement System, as a part of the taxes and
additions to such taxes for public school purposes.
There us 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 of Paducah, subject to taxation for
the year 1939, pursuant to an ordinance adopted by the Board of
Commissioners of said city on the 27th day of January, 1936,
j for the purpose of aiding, assisting and maintaining the
Paducah Junior College, and which tax shall be and the same
is
hereby declared to be a tax for school purposes.
SECTION 5.
The total ad valorem taxes levied under this ordinance
are as follows:
For all City purposes, exclusive of sinking fund ...........
yF 1 50
For Police and Firemen's Pension Fund ......................
.02
For General School Purposes ................................
1.00
For School Sinking Fund ....................................
.15
For Sinking Fund on Voted bonds ......................
For Interest on voted bonds ................................
.25
For Teachers Retirement System ..............................
.03
For Paducah Junior College .................................
.05
Total of said levies ..............................
.;3.15;
Total Levies on Banks and Trust Companies?
Stock for City purposes ...............................
.20
Total levies on Banks and Trust Companies'
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Stock for School purposes .............................
.40
Total levies on unmanufactu-red agircultural
products for city purposes ............................
.15
SECTION o.
This ordinance shall take effect from and after its
adoption.
Signed
ayor
Passed by the Board of Commis inners, April", ', 1939
Recorded by Rudy Stewart, City Clerk, April 1939.
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