HomeMy WebLinkAboutOrdinance Book 18, Page 64, Ordinance Number 73-2-75664 V
ORDINANCE NO. 73-2-756
AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF A "CITY OF
PADUCAH, FEDERAL REVENUE SHARING TRUST FUND"ACCOUNT, AND AUTHORIZING
THE TRANSFER OF $5,013.57 FROM THE GENERAL FUND TO SAID ACCOUNT
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. There is hereby established a "City of Paducah,
Federal Revenue Sharing Trust Fund" account and the Peoples Bank and
Trust Company of Paducah, Kentucky, is designated as the depository
for said account; the purpose of said account shall be to facilitate
in the accounting for all cash receipts and disbursements of Federal
Revenue Sharing funds received by the City of Paducah, Kentucky.
SECTION 2. The City Treasurer is hereby authorized and directed
upon the creation of the aforesaid Federal Revenue Sharing Trust Fund
account to transfer from the General Fund to the "City of Paducah, Federal
Revenue Sharing Trust Fund" account the sum of $5,013.57.
SECTION 3. All moneys paid into, transferred or credited to the
herein established account shall accumulate in such fund until expended
as provided for by law, and it shall not, at any time, be subject to
lapse into any other fund or become a surplus available for, or which
may be used for, any other purposes except as may be provided by the
Board of Commissioners of the City of Paducah, Kentucky.
SECTION 4. This ordinance shall be known and referred to under
a short title as "Federal Revenue Sharing Trust Fund Ordinance", and
any amendments hereto and any ordinances, resolutions, or motions
pertaining to same may refer to this ordinance by its short title aforesaid.
SECTION 5. If any section, paragraph or provision of this
ordinance shall be found to be inoperative, ineffective or invalid for
any cause, the deficiency or invalidity of such section, paragraph or
provision shall not affect any other section, paragraph or provision
hereof, it being the purpose and intent of this ordinance to make each
and every section, paragraph and provision hereof separable from all
other sections, paragraphs and provisions.
SECTION 6. This ordinance shall be in full force and effect
from and after its adoption.
Mayor
Passed by the Board of Commissioners February 6, 1973
Recorded by Sarah Thurman, City Clerk, February 6, 1973