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HomeMy WebLinkAboutOrdinances Book 11, Page 563, No Resolution Number5v3 A RESOLUTION EXEMPTING FROM MUNICIPAL TAXATION FOR A PERIOD OF FIVE YEARS THE MANUFAC huRING BUSINESS AND PROPERTIES OF THE RAY - 0 -VAC COMPANY AI?D TIE PADUCAH BATTERY COIdPANY, MANUFACTURERS OF DRY CELL BATTERIES AT 9TH AND HARRISON STREETS IN PADUCAH, KENTUCKY. WHEREAS, The Ray -O -Vac Company is the owner of the plant and machinery used for the manufacture of dry cell batteries at 9th and Harrison Streets.in Paducah, Kentucky, and the Paducah Battery Comp, is engaged in. the manufacture of said batteries under a manufacturii contract with the Ray -O -Vac Company; and -.IIEREAS, The Ray -O -Vac Company and the Faducah Battery Company have submitted to the Board of Commissioners their application for exemption from municipal taxation on all of the manufacturing prop- erties and their business located at the aforesaid address; and, 711EREA3, It appearing from said application that the plant and factory of said companies will be a new and bona fide manufacturing establishment and as such is exempt from taxation by the City of Paducah under the statutes of the Commonwealth of Kentucky and the ordinance of the City of Paducah, said companies being entitled to an exemption from taxation for a period of five years as an induce- ment to the operation of said manufacturing plant in the City of Paducah. N9,7, TIiEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF TEE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the plant and the machinery of the Ray -O -Vac Company located at 9th and Farrison Streets in Paducah, Kentucky, together with the real estate owned by said company at that location, and such manufacturing machinery and property as may be owned by the Paducah Battery Company at the same location be, and the same is hereby exempt from the payment to the City of Paducah of all ad valorem and license taxes with the exception of the taxes due and payable for school purposes for a period of five years, beginning with the ad valorem assessment which will become due and payable in the year 1949 and the license taxes which will become due and payable during the year 1948. SECTION 2. Tnis Resolution shall be in full force a ffect from and after its adoption. Fro To Commissioner Paul Abell Passed by the ---card of Comtcissioners July 13, 1948 Recorded by Sarah Thurman, City Clerk July 14, 1948.