HomeMy WebLinkAboutOrdinances Book 15, Page 1048, No Ordinance Number10L8
AN ORDINANCE AUTHORIZING AND DIRECTING THE CITY CLERK, CITY
TREASURER AND AN EXECUTIVE OFFICER OF PEOPLES FIRST NATIONAL BANK
AND TRUST COMPANY OF PADUCAH, KENTUCKY, TRUSTEE, TO DESTROY THE
FOUR HUNDRED INDUSTRIAL BUILDING REVENUE BONDS IN THE AMOUNT OF
ONE THOUSAND DOLLARS EACH, ISSUED UNDER THE PROVISIONS OF AN
ORDINANCE ADOPTED ON AUGUST 3, 1965 BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY
WHEREAS on August 3, 1965 the Board of Commissioners of the
City of Paducah,.Kentucky, adopted an ordinance authorizing the
issuance of four bundred.industrial building revenue bonds in the
amount of One -Thousand Dollars each, for.the acquisition of a
building for Reliance Diecasting.Company under Chapter 103 of
Kentucky Revised Statutes, said property to be acquired being
known as Big Burley Mart, and
WHEREAS said bonds were printed and signed by the Mayor and
City Clerk but have not been signed by_any officer of Peoples First
National Bank and Trust Company of Paducah, Kentucky, Trustee, and
are now in the possession of said bank, and
WHEREAS before a sale of the bonds could be consummated the
Big Burley property, was destroyed by fire and said bonds are now
void -and of no value, but in the opinion of_the Board of Commissioners
should be destroyed.._,
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City.Clerk, City Treasurer and an executive
officer of the Peoples First National Bank and Trust Company, Trustee,
be, and they are hereby, authorized to,destroy the four hundred
Industrial Buildinp.Revenue_Bonds in the amount of One Thousand
Dollars each, issued under the provisions of an ordinance adopted on
August 3, 1965 by the Board of Commissioners of the City of Paducah,
Kentucky, which bonds were issued for .the purpose of acquiring an
industrial building for Reliance Diecasting Company, known as Big
Burley Mart.
SECTION 2. After the bonds have been destroyed as authorized
in Section 1 hereor, the said persons named in said section are hereby
requested to certify to the Board of Commissioners that the bonds have
been destroyed.
SECTION 3. This ordinance shall be in full_ force and effect
from and after its adoption.
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Passed by the Board of Commissioners September 13, 1966
Recorded by Sarah Thurman, City Clerk, September 13, 1966.