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ORDINANCE NO. 82-11-2327
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A SECURITY AGREEMENT
AND FINANCING STATEMENT WITH C. C. COHEN, A PARTNERSHIP
WHEREAS, to benefit the City of Paducah in obtaining jobs for
people of low and moderate income, the Board of Commissioners approved the
execution of an agreement with the Commonwealth of Kentucky, Department of
Economic Development, for funds to complete the C. C. Cohen Project, and
WHEREAS, in order to secure the repayment of this loan it is
necessary that financial arrangements be agreed upon;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the Mayor be authorized to execute a Security
Agreement and Financing Statement with C. C. Cohen, a Partnership.
SECTION 2. A copy of said Security Agreement and Financing State-
ment is attached hereto and incorporated therein as if set out in full
herein.
SECTION 3. This ordinance shall be read on two separate days and
will be effective upon publication in full.
JOHN K. PENROD
Mayor
Introduced by the Board of Commissioners October 26, 1982
Passed by -the Board of Commissioners -November 9, 1982
Recorded by Louise McKinney, City Clerk, November 9, 1982
Published by The Paducah Sun November '16, 1982.