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HomeMy WebLinkAboutOrdinances Book 11, Page 67, No Ordinance Number67 AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON ALL PROPERTi IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO • TAXATION FOR MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE YEAR 1947, AND THE RATE OF POLL 7AX ',`ill THE PURPOSES OF SAID TAXES THEREUNDER DEFINED. BE IT ORDAINED BY TIME BOARD OF COT31ISSIONERS OF THE CITY OF PADUCAH, K2,TTUCKY: SEC TIOI 1. There is hereby levied for the year 1947, 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 40/100 (;11.40) Dollars, upon each One Hundred (:;100.00) Dollars of valuation of taxable property in said city, pursuant to Section 157 of tl-4 State Constitution to defray the cost of maintaining and administering the Government of the City of Paducah for the year 1947, and to cover the estimated cost of maintaining an operating the departments and agencies of said Government pursuant t the annual budget prepared and submitted to the board of Conm issione Eby the City ',onager for approval of the Board of Commissioners, ex- clusive, 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 1947. There is also hereby levied upon each One Hundred (•;100.00) Lollars valuation of taxable property in said city, a special tax of Five (.05) Cents to be paid into and become a part if the Iolice and Firemen's Pension Fund, and which fund shall be Segregated and set apart in a separate fund in the City Treasury nd shall be held subject to and for the purposes defined in Section )5,580 and 95,590 of the 1942 Revision of the Kentucky Statutes. [here is hereby levied for the year 1947 on all taxable property ,ithin said city subject to taxation for municipal purposes, an ad alorem tax of Eleven (.11) Cents upon each One Hundred (k100.00) lollars of valuation of taxable property to create a sinking fund or the purpose of paying and retiring outstanding bonds, including onds issued by the City of Paducah for school purposes, which ave been voted by the people of the City of Paducah, and there is ikewise hereby levied for said year an ad valorem tax of Seventeen .17) Cents on each one Hundred (.;100.00) Dollars of valuation of axable property in said city to pay the interest on sald outstand- ig unpaid voted bonds, and all of which bonds have been approved vote of the people of said city. 68 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 proper maintenance and administering thereof, and with the amount appropriated for each of said departments and purposes shall to set apart and stated in the budget and apportionment which shall be adopted and provided for by the Board of Commissioners, 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 apportionmen ordinance. SECTION 2. There is hereby levied for the year 1947, a tax of Twenty (.20 Cents on each One Hundred („100.00) Dollars of the fair cash value upon all the shares of stock of State Lanks and Trust Companies 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 Natioaal ranks doing business in said c ty. And there is further levied a tax of fiftcen (.15) Cents on each One Hundred (x;100.00) Dollars of the fair cash value of all unmanufactured agricultural products subject to taxation within said city for general municipal purposes, and all of said taxes provided for in this section, and levied and to be collected for the ,year 1947 and to be used for general municipal purposes. SEC TION 5. All revenues derived from licenses and from all other sources collected and paid into the City Treasury, for general municipal -purposes, 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 either income which was not considered in yiaking up the Apportionment ordinance, same shall be credited to the general fund. SEC TION 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 State of Kentucky, have adopted a resolution requesting therein thgt the toard of Commissioners of the City of Paducah shall levy an ad valorem tax on all property in said City for school purposes, now,I 69 pursuant to said resolution, and it appearing to the satisfaction of the Board of Commissioners, that it is necessary to make the levies for school purposes as hereinafter set- out, there is hereby levied for the year 1947 upon all the taxable property subject to taxation for school Purposes within said city, an ad valorem tax on One Dollar and 25/100 (;1,1.25) Cents on each One Hundred (<100.00) Dollars of valuation of real and personal property in the City of (aducah, for the support and maintenance of public schools in said city, less the estimated sum to be received from the State common School Funds and from other sources. There is hereby further levied a tax of Ten (.10) Cents on each One Hundred (;,;100.00) Dollars valuation of property subject to local taxation, to provide a special fund for the purchase of sites for school buildings, for the erection and complete equipping of school buildings, and for major alterations, enlarging and complete equipping of existing buildings of the school system in said city; 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 Eanks and Trust Companies, incorporated under the laws of this Commonwealth, and engaged in business in the City of Paducah, Kentucky, and also on National Panics doing business in said city for the year 1947, and which tax so levied shall be for the support and maintenance of public schools of said city. There is 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 1947, pursuant to an ordinance adopted by the Board of Commissioners of said city on the 27th day of January, 1936, for the purpose of aiding, assisting and maintaining the leducah Junior College, and which tax shall be and the same is hereby declared to be a tax for school purposes. SECTION 5. There is hereby further levied and imposed a tax of rive Cents on each One Hundred (;,100.00) Dollars of valuation of all res and personal property in the City of _r-aducah subject to taxation for the year 1947, pursuant to the provisions of "CRS 173,360, for t e purpose of maintaining the public library. SEC TION G. The total ad valorem taxes levied under this ordinance are as follows: For All City purposes, exclusive of sinking fund .;x:1.40 For Police and riremenls Pension Fund .05 For General School purposes 1.25 For School Builcling Fund .10 For Sinking Fund on Voted Bonds, including school bonds. .11 For interest on Voted fonds, including school bonds..... .17 For Paducah Junior College .05 f 70 For Public Library .................................. .05 Total pf said levies ................................ F 3.18 Total Levies on Banks and Trust Companies, Stock for City purposes .......................... .20 Total Levies on Banks and Trust Companies, Stock for School Purposes ........................ .40 Total Levies on unmanufactured agricultural products for city purposes ....................... .15 SECTION 7. This ordinance aha ll take effect from and after its adoption. I,- r. /7 —`ayor Fassed by the roard of Commissioners, hpril 22, 1947 Recorded by Sarah Thurman, City Clerk, April 22, 1947.