HomeMy WebLinkAboutMinutes Book 15, Page 557, July 23, 19201 Y f N !^'_',f 4 ice. 'lr''• �N'r b'V hI- 'FC J �+'jJ�f •[^Y 7..1" SN. � -fi1l:u ti K � ;'ti j.. i _ :
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Commissioner's Pro cee`aliiigs, 'City dPaducah 191_
JULY 23rd, 1920..
At a Call Meeting of the Board of Commissioners, held in th8 Commiesionere',`
s ;Ohamber in the City Hall, Paducah, Kentucky, on Friday July 23rd, 1920; at 11 O'clock
{A. M. Upon call of. the roll the following answered to their names; Commissioners "
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'Eaton, Gilbert, Tully and Mayor Katterjohn,-4:
Mayor. Katterjohn.stated reasons for call to -wit= To adopt a motion authorising
the Commissioner of PublioFint
oanoe .
w pay to the Wadsworth Improvement Company the
I iamount of a note executed by the Board of Park Commissioners of Paducah ne purchase.
,-
1 " Mayor's reasons
for call. rprioe of certain real estate to be used for park purposes, with the understanding that
' i ;.•y said Wadsworth Improvement Company will exeoute,ite,deed to said by
property covered
{ 4'said note to the City of Paducah, abioh note, with the accrued interest note amounts
k3'' Ito $3427.06, and any other business that may 'come before the Board of Oommiselonore.
Commissioner Tully offered the following motion:•I move that the Commissions' `
{
sof Public Finance be authorized to pay to the Vladeworth Improvement Company the amount
of a note executed by the Board of Park Commissioners of Paducah for Twenty -Five Hun-
Com'r. Finance ; .
authorized to pay ;fired ($2600.00) Dollars, as purchase price of certain real estate to be used for park
note with accrued
Y interest executed !purposes, with the understanding that said Wadsworth Improvement Company will exooute
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by Board of Park g
Com'r. to Yladswor-pits deed to said property oovered by said note to the City of Paducah which note with
th Improvement Co.l ' '
.
for property for the accrued interest, now amounts to Thirty -Four Hundred Twenty -Seven do 06/100
!
park purposes. {
r ;(,$$`°5,427.06) Dollars, same to be charged to Park Account. Adopted upon call of the roll
i,
r b the following i•ng vote; Yeas. Eaton, Gilbert, Tully and Katterjohn,-4.
L} Oa motion the Board adjourned by 4 yeas.
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JULY 26TH. 192.0.
" At a Regular Meeting of the Board of Commissioners, held in the Commi9elon-
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dere' Chamber in theCity Hnll, Paduoah, Kentucky, on July 26th, 1920. Upon call of
},• ` the roll the following answered to their names: Commissioners Eaton, Gilbert; Tully,
!Williams and IjA yor Katter john, -6.
Sit
.•!:
On motion of Commissioner Eaton the minutes of the previous moetinge were
adopted as read upon call of the roll by 6
yeas.
'S
Mayor Katterjohn offored.tho following motion; I move that the.'vmitton
.T opinion of the City Solioitor,regardinR the rightof the pity to. Issue bonds to the'•,
Paduoah Wator I,nmOUt Of J-060,4y9.00'fwl.tho purpone of pitrohnning the lhduonh:
.'i . pro.portiog.'.of.bhp .
Works
{`Slater.Company be received and filed, and spread on the minutes. Adopted upon call of
lithe roll by the following vote: Yeae, Eaton, Gilbert, Tully, Williams and Katterjohn, 8
Said opinion is as follows:.
•
"July P,6, 1920
Y
Li
To the Mayor and.Commissionersof
The City of Paduoah; Kentucky.
Gentlemen:- I have investigated carefully the'law relative -to the City of Paducah
buying the property belonging to the Paducah Water Company and from my
::t_... investigation I beg to report I find that under Section 166 of our Conati-
tuion, cities of the second class are not permitted to incur as indebted-
Oo 4i n City' nese, including existing indebtedness exceedingin then ate 10 0!'
So�Lo�tor is re;
the assessment next before the last assessment provious.togincurrin the
Paducah. Water g
`
Work . indebtedness.. The City of Paducah.is &.city of the se•oond class and'ite,
assessment on all taxablo.property for the year 1919 amounted to y14,043.966.00,
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as is shown from the records in the offioe of the Commiasioner of Pinanoe.
'
;. This being true, then under our Constitution regulating indebtedness of cities
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of the second class, the maximum indebtedness that could be inourrod by the
City of Paduoah would be ;)1,404,396.60.
,
E•;; IL is shown from the records in the office of the Commissioner of Finance
y•'
r:x:a
that the indebtodnoss and authorized'indebtedness of the City at this time
Amounts to the sun of. $930,600.00; this amount of oourso includes sewer bonds
amounting to'
,
!'�h
{ $?.60,000.00, whioh bonds were voted upon in the November elootion,
.