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ORDINANCE NO. 83-5-2384
AN ORDINANCE AUTHORIZING THE CITY TREASURER TO CLOSE THE CITY OF PADUCAH IMPROVEMENT
FUND "G", "H", "K" AND "L" AND TRANSFER SAID FUND BALANCES TO THE GENERAL FUND OF THE CITY OF
PADUCAH
WHEREAS, certain street improvement bonds and street improvement levies had mature
dates ranging from 1932 to 1941, and
WHEREAS, all the outstanding bonds on those improvements have not been tendered to
the City of Paducah for payment, and
WHEREAS, the statutes of limitation has run against the payment of said bonds, and
WHEREAS, it is no longer necessary to maintain the City of Paducah Improvement Fund
"G", "H", "K" AND "L" Accounts.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF PADUCAH:
SECTION 1. The City Treasurer is hereby authorized to close City of Paducah Im-
provement Fund "G" in the sum of $1,105.61, Fund "H" in the sum of $1,268.17, Fund "K" in the
amount of $2,278.81, and Fund "L" in the amount of $7,697.46 and transfer the balances in those
accounts, totaling $12,350.05 to the General Fund of the City of Paducah.
SECTION 2. The City Treasurer is further authorized to pay from the General Fund of
the City of Paducah, upon proper presentation, any outstanding bond and accrued interest that
would have been paid from said City of Paducah Improvement funds enumerated above, except for
this ordinance.
SECTION 3. In order to transfer these funds to the General Fund of the City of
Paducah as rapidly as possible, an emergency is hereby declared to exist and this ordinance
shall become effective immediately upon passage at one reading by the Board of Commissioners of
the City of Paducah.
JOHN K. PENROD
Mayor
Introduced and passed by the Board of Commissioners of the
City of Paducah May 17, 1983
Recorded by Louise McKinney, City Clerk, May 17, 1983
Published by The Paducah Sun May 23, 1983.