HomeMy WebLinkAboutOrdinances Book 10, Page 953, No Resolution Number95�;
A RESOLUTION EX MPTI JG FROP.d I,4U[dTCIPAL EAXATTOId
FOR A PERIOD OP i'IVE (5) YEAR3 7HE I,,AI'dUFACTUR11'IG BUSIIIESS
ns "D PROPERTIES a-'INED BY CRE -33 Fc WYI.'OND COr;PAiTY OF LOUI3JILLE, I
I{ENT'JC Y, LOCATED AT 772423 I:I2YTI''RS STREET IN THE CIPf OF
PADUCAH, KENTUCKY
WIIEREAS,, the Choss & l'lymond Company of Louisville,
Kentucky, has become the purchaser of all manufacturing
machinery and real estate formerly owned by the Hollis Johnson
Company at #2426 Meyers Street in the City of Paducah, Kentucky;
and,
WHEREAS, the said Chess & Wymond Company will be
engaged in the business of manufacturing at said location
a new product and one which was not manufactured by the Hollis
I
Johnson Company according- to the findings and report of C. 17.
Craig, Executive Secretary of the Manufacturers & Wholesalers
Association; and,
i
'WHEREAS, the said Chess 8. Wymond Company has made
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application for exemption from municipal taxation on its business
and manufacturing properties at the above location; and,
VIIiEREAS, it appearing that the manufacturing plant i
of said applicant is a bona fide manufacturing enterprise and
that the product it will manufacture is entirely new and will
i be different in kind and character from any type of product
previously manufactured by the Hollis Johnson Company; and,
i;
',WHEREAS, it further appearing that said applicant
is entitled to ememption from taxation for a period of five (5)
years as an inducement to the operation of said business in the
City of Paducah;
NOW TIHEREFORE, BE IT RESOLVED BY THE BOARD OF
C0:,.K,.I33I0 dER3 OF THE CITY OF PADUCAII, KENTUCKY:
SECTION 1.
That the buoiness of the Chess ec Flymond Company of I
Louisville, Kentucky, the real estate owned by it, and all
manufacturing properties owned and operated in the business 1
of said company, at j/2426 drTeyers Street in the City of
Paducah Kentucky,be from the pa �
exempt P- yment 'to the I
City of Paducah, of all license taxes and all ad valorem
taxes, with the exception of the taxes due and payable
for school purposes, for a period of five (5) years,
beginning with the year 1945.
ii SLC TION 2.
'This Resolution shall be In full force and effect from
abd after its adoption.
Passed by the board of Commissioners, Feb. 26, 1944
Recorded by Rudy Aeivart, City Clerk, Feb. 26, 1944.