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Home My WebLink AboutOrdinances Book 13, Page 59, No Ordinance Number59 AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON ALL PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR DWNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE YEAR 1954, AND THE RATE OF POLL TAX, L^IITH THE PURPOSES OF SAID TAXES THEREUNDER DEFINED. BE IT ORDAINED BY THE BOARD OF C0I41IISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. There is hereby levied for the year 1954, 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-five and one-half cents ($1.352), upon each One Hundred Dollars 0100.00) assessed valuation of said property, pursuant to Section 157 of the State Constitution, to defray the cost of maintaining and administering the Government of -the City of Paducah for the year 1954, and to cover the estimated cost of maintaining and operating the departments and agencies of said Government pursuant to the 1954 budget prepared and submitted to the Board of Commissioners and the.1954 apportionment ordinance adopted by the Board of Comri- issioners, 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. There is also hereby levied for the year 1954 a poll tax of One and 50/100 dollars W1.50 on each male resident of the City of Paducah over 21 years of age and under 65 years of age as of July 1, 1953• SECTION 2. There is hereby levied for the year 1954 an ad valorem tax of twenty cents (.20) upon each One Hundred Dollars (x3100.00) 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 1954 ad ad valorem tax of fifteen cents (.15¢) upon each One Hundred Dollars (;100.00) of the fair cash value of all unmanufactured 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 1954 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 1954 apportionment ordinance. M-4 SECTION 4. There is also hereby levied for the year 1954 upon each One Hundred Dollars (0100.00) assessed valuation of said taxable property a special ad valorem tax of six cents (.06o) to be paid into and to become a part of the Police and Firemenfs 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 IMS 95.520 to 95.620. There is also hereby levied for the year 1954 upon each One Hundred Dollars (5)100.00) assessed valuation of said taxable property a special ad valorem tax of three cents (.03¢) 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 1954 upon each One Hundred Dollars (0100.00) 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 1954 upon each One Hundred Dollars (5100.00) assessed valuation of said taxable property an ad valorem tax of fifteen cents (.150) to pay the interest on said outstanding unpaid voted bonds. SECTION 5. There is also hereby levied for the year 1954 upon each One Hundred Dollars (54100.00) 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 (.052) for the purpose of maintaining and operating the Public Library, pur- suant 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 taxation for school purposes. Pursuant to said resolution and budget there is hereby levied the following taxes for the year 1954; an ad valorem tax of One Dollar and Forty cents (5p1.4O) on each One Hundred Dollars (9`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 61 tax of ten cents (.10¢) on each One Hundrrd Dollars (•';x100.00) 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 existing buildings of the school system in said city;' and an ad valorem tax of forty cents (.400) on each One Hundred Dollars (0100.00 of the fair cash value of all 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 maintenance of the public schools in said city. SECTION 7. The Board of Education of the City of Paducah kiaving also adopted a resolution and budget requesting the levy of a Special School Building Tax of fifty cents (.500) on each One Hundred Dollars (0100.00) of property subject to local taxation in the City of Paducah, there is hereby further levied a special school building cents tax of fiftyf(.50¢) on each One Hundred Dollars (0100.00) of property subject to taxation in said city for the year 1954 for 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 bonds issued 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 (0100.00) of assessed valuation of all real and personal property subject to taxation for school purposes in said city for the year 1954, 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. SECTION 9. The taxes levied under this ordinance are summarized as follows: PURPOSE RATE PER 5100 GeneraE!--iind of the City rrl•35z Other hSunici al Purposes Pub is Library05 .z Alice & Firemen's Pension Fund .06 Appointive Employees Pension Fund .03 62 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 Bldg. Tax .50 Paducah Junior College .07 Total tax rate per $100 on property subject to full tax rate $3.$6 Special Levies for General Fund Stockof Banks and Trust Companies .20 Unmanufactured agricultural products .15 Special Levy for Public Schools- Operatin, Fund Stock of Banks and Trust Companies .40 Poll Tax: $1.50 for each male resident over 21 and under 65 years of age. SECTION 10. The provisions of this ordinance are severable. any provision, section, paragraph, sentence or part thereof shall held unconstitutional or invalid, such decision shall not affect impair the remainder of this ordinance, it being the legislative ent to ordain and enact each provision, section, paragraph, sentence and part thereof, separately and independent of each other. SECTION 11. This ordinance shall be in full force and effect from and after its adoption. Flayor Passed by the Board of Commissioners March 30, 1954 Recorded by Sarah Thurman, City Clerk, I -larch 30, 1954