HomeMy WebLinkAboutOrdinances Book 12, Page 668, No Ordinance Number668
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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 1952, AND THE RATE OF POLL TAX, WITH
THE PURPOSES 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 1952, 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 Dollar and thirty-
six and one-half cents ($1.36f), upon each One Hundred Dollars ($100.00)
assessed valuation of said property, pursuant to Section 157 of the State Con-
stitution, to defray the cost of maintaining and administering the Government
of the City of Paducah for the year 1952, and to cover the estimated cost of
maintaining and operating the departments and agencies of said Government
pursuant to the 1952 budget prepared and submitted to the Board of Commis-
sioners by the City Manager and the 1952 apportionment ordinance adopted by the
Board of Commissioners, exclusive of the levies hereinafter mentioned and defined,
and the proceeds of said tax levy shall be paid into the General Fund of the
city.
Thee is also hereby levied for the year 1952 a poll tax of One and 50/100
Dollars ($1.50) on each male resident of the City of Paducah over 21 years of
age and under 65 years of age as of July 1, 1951.
SECTION 2. There is hereby levied for the year 1952 an ad valorem tax of
twenty cents (.20¢) upon each One Hundred Dollars ($100.00) of the fair cash
value of the shares of stock of State Banks and Trust Companies incorporated
under the laws of this Commonwealth and doing business in the City of Paducah,
and the same tax is also hereby levied upon the shares of stock of National
Banks doing business within the city.
There is also hereby levied for the year 1952 an ad valorem tax of
fifteen cents (.15¢) upon each One Hundred Dollars ($100.00) of the fair
cash value of all unmanufactnred agricultural products within said city
subject to taxation for general municipal purposes.
SECTION 3. All taxes levied by Sections 1 and 2 of this ordinance are
necessary and required in order to provide revenue to meet the requirements
of the 1952 apportionment ordinance adopted by the Board of Commissioners,
and the proceeds of such tax levies and all other revenue of the city not
specifically allocated to other purposes shall be deposited into the General
Fund of the city to be expended as provided in the 1952 apportionment ordi-
nance.
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SECTION 4. There is also hereby levied for the year 1952 upon each One
Hundred Dollars ($100.00) assessed valuation of said taxable property a special
ad valorem tax of five cents (.05¢) to be paid into and to become a part of
the Police and Firemen's Pension Fund, which fund shall be segregated and set
apart in the City Treasury and shall be held by the City Treasurer subject to
and for the purposes defined in KRS 95.520 to 95.620.
There is also hereby levied for the year 1952 upon each One Hundred Dollars
($100.00) assessed valuation of said taxable property a special ad valorem tax
of three cents (.030) to be paid into and to become a part of the Appointive
Employees Pension Fund, which fund shall be segregated and set apart for the
purposes defined in KRS 90.400 and the city civil service ordinance adopted on
December 2, 1947, as amended.
There is also hereby levied for the year 1952 upon each One Hundred Dollars
($100.00) assessed valuation of said taxable property an ad valorem tax of
fourteen cents (.14¢) to be deposited into a sinking fund for the purpose of
paying and retiring outstanding bonds which have been voted by the people of the
City of Paducah, and there is likewise levied for the year 1952 upon each
One Hundred Dollars ($100.00) assessed valuation of said taxable property an
ad valorem tax of fifteen cents (.15¢) to pay the interest on said putstanding
unpaid voted bonds.
SECTION 5. There is also hereby levied for the year 1952 upon each One
Hundred Dollars ($100.00) assessed valuation of all real and personal property
within the city, subject to taxation for general municipal purposes, an ad valorem
tax of five and one-half cents (.05A¢) for the purpose of maintaining and oper-
ating the Public Library, pursuant to the provisions of KRS 173.360, and the
proceeds of said tax levy shall be paid to the Board of Trustees of the Public
Library.
SECTION 6. The Board of Education of the City of Paducah, pursuant to the
authority vested in it under its charter and under the laws of the Commonwealth
of Kentucky, has adopted a resolution and budget requesting that the Board of
Commissioners of the City of Paducah levy an ad valorem tax on all property
in said city subject to taxatioh for school purposes. Pursuant to said resolution
and budget there is hereby levied the following taxes for the year 1952; an ad
valorem tax of -one Dollar and Forty cents ($1.40) on each one Hundred Dollars
($100.00) assessed valuation of all real and personal property subject to taxation
for school purposes in the City of Paducah for the support and maintenance of the
public schools in said city; an ad valorem tax of ten cents (.10¢) on each One
Hundred Dollars($100.00) of assessed valuation of all real and personal property
subject to taxation for school purposes in said city to provide a fund for the
purchase of sites for school buildings, for the erection and equipment of exist-
ing buildings of the school system in said city; and an ad valorem tax of forty
cents (.40¢) on each One Hundred Dollars ($100.00) of the fair cash value of all
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shares of stock of State Banks and Trust Companies, incorporated under the laws
of this Commonwealth, and engaging in business in said city, and the same tax is
also levied on the shares of stock of National Banks and Trust Companies doing
business in said city, which taxes so levied shall be for the support and mainten-
ance of the public schools in said city.
SECTION 7. The Board of Education of the City of Paducah having also
adopted a resolution and budget requesting the levy of a Special School
Building Tax of fifty cents (.50¢) on each One Hundred Dollars ($100.00) of
property subject to local taxation in the City of Paducah, there is hereby
further levied a special school building tax of fifty cents (.50¢) on each
One Hundred Dollars ($100.00) of property subject to taxation in said city
for the year 1952 f or the purpose of providing for the purchase or lease
of school sites and buildings, for the erection and complete equipping of
new school buildings, for the major alterations, enlargement and complete
equipping of existing buildings, for the purpose of retiring, directly or
through rental payments, school revenue bondsissued for such school building
improvements and for the purpose of financing any program for the acquisition,
improvement or building of schools and to accomplish any or all of said purposes.
SECTION 8. There is hereby further levied an ad valorem tax of seven
cents (.07¢) on each One Hundred Dollars ($100.00) of assessed valuation of
all real and personal property subject to taxation for school purposes in said
city for the year 1952, for the purpose of aiding, assisting and maintaining
the Paducah Junior College, which tax shall be and the same is hereby declared
to be a tax for school purposes.
follows:
SECTION 9. The taxes levied under this ordinance are summarized as
PURPOSE RATE PER $100
General Fund of the City $1.361
Other Municipal Purposes
Public Library .051
Police & Firemen:!s Pension Fund .05
Appointive Employees Pension Fund .03
Voted Bonds
Sinking fund for Retirement .14
Interest .15
School Purposes
Public Schools -Operating Fund
1.40
Public School -Building Fund
.10
Public Schools -Special School Building Tax
.50
Paducah Junior College
.07
Total tax rate p-er $100 on property
subject to full tax rate
$3.86
Special Levies for General Fund
Stock of Banks and Trust Companies
.20
Unmanufactures agricultural products
.15
Special Levy for Public Schools-
Oneratinf Fund
Stock of Banks and Trust Companies .40
Poll Tax: $1.50 for each male resident over 21 and under 65 years of age.
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SECTION 10. The provisions of this ordinance are severable. If any pro-
vision, section, paragraph, sentence or part thereof shall be held unconstitutiona
or invalid, such decision shall not affect or impair the remainder of this ordi-
nance, it being the legislative intent to ordain and enact each provision,
section, paragraph, sentence and part thereof, separately and independently of
each other.
SECTION 11. This ordinance shall be in full force and effect from and
after its adoption.
Mayor
Passed by the Board of Commissioners March 25, 1952
Recorded by Sarah Thurman, City Clerk, March 25, 1952•