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HomeMy WebLinkAboutOrdinances Book 13, Page 392, No Ordinance NumberAN ORDIUMICE AIdEiNDING SECTION 3 OF AN ORDINANCE ENTITLED: "AN ORDIINANCE PROVIDING FOR THE OBTAIMIiNG ANDPROCURING OF. LiFE INSURANCE 0A1 THE GROUP PLAN FOR PRESENT AdD FUTURE EI,7'LO`_rEES OF THE CITY OF PADUCAH UNDER CIVIL SERVICE, NOT IPICLUDI11G POLICE AI•ID FI.1r1•yIN, AMID ALL PULL-lliLL, PEMANENT E14PLOYEES OF THE WHITE AND COLORED PARI{ BOARD, AND PROVIDING FOR THE PAY1,1ENT OF PR1'aLridS THEREON AND APPLICATION OF DIVIDEEDS", WHICH TUAS ADOPTED ON !.-,AY 22, 1951 BE IT ORDAI17ED BY THE BOARD CFCOId-L SSiONI RS OF THE CiTY OF PADUCAH, I ENITUCILY: SECTION 1. That Section 3 of an ordinance containing the title quoted above, which was adopted by the Board of Commissioners on I -;ay 22, 1951, be, and the same is hereby, amended so that said section as amended shall -read as follows: IISECTIM1- 3. Said premiums shall be paid in monthly install- s-zments and shall be set apart out of the amounts due and owing to r y1 said employees by the City of Paducah as of the payroll period ending the 15th day of each and every month hereafter so long as said insurance shall remain in full force and effect. ? f°The John Hancock Mutual Life Insurance Company of Boston, .assachusette, havin; proposed a plan_ of such group life insurance and by the terms of rinich each member of said group of insurance as herein provided r;ould have an insurance benefit upon his life of ,,1,000 orj2,000 as nay be elected by the employee, the Iiayor is authorized to execute by signing on behalf of the City of Paducah, and subject to the conditions contained in this ordinance, any application, instrument or contract for the procurement of such insurance." SECTION 2. This ordinance shall be in full force and effect from and after its adoption. e!•ayor Passed by the Board of Commissioners August 16, 1955 Recorded by Sarah Thurman, City Clerk, August 16, 1955•