HomeMy WebLinkAboutOrdinances and Municipal Laws, Page 11811$ REVISED ORDINANCES OF PADUCAH.
fify Bail'Biinds: Funding Bonds.
7. Said bonds when issued shall be exempt from city
"'tlxation of all kind.
8. Tht bonds to be issued in pu•suarce of this ..ordi-
nance, viz.:. $.12,000 are to be in lieu of and substituted for
$12,000 of five per cent bonds, provided for in ordinance No.
tt�, authorizing the issue of $20,000 of bonds to build a city
hall and $1.2,000 of said $po,000 bonds which have not been
disposed of are withdrawn and are to be burned in the Pres-
ence of the city council.'
g. This ordinance shall take effect from and after its .
"usage.
Adopted April t6, 1883.
HENRY H. HOUSTON, C. C. P.
Approved April 18, 1883. "
CHAS. REED, May,.r.
;,wo`v'' Funding Bonds.
An ordinance authorizing the issuing of six per cent
bonds of the city. of Paducah forthe purpose of paying off
bonds of said city falling due July 1, 1883, the same having .
"been .done in pursuance of section 72 of the revised charter
of the city of Paducah, approved February 1t, 1871.
Be it ordained by the mayor and council of eh@ city of
Paducah, Ky.:
1. That the city may issue. her bonds, or certificates of
loan, not exceeding forty-five'thnusand dollars ($.15,000), to
be signed by the mayor and clerk of the city council, and
attested by the seal of the said city, the coupons attached
t.) said bonds to be signed by said council clerk. Said bonds
ar issued for the purpose of funding or paying offforty-
five bonds of one thousand dollars etch, falling due July
t ,t 1933, which were issued by said city of Paducah to the
New Orleans and Ohio Railroad Company. Said bonds
shall be sums of one thousand dollars each, payable thirty
REVISED ORDINAATCES OF PADUCAH. 119
Funding Bonds.
years after the date thereof. Said bonds shall bear 6 per�A
ceut interest per annum from the date of same, payabla
szmi-annually at the office of the treasurer of said city of
Paducxlt upon presentation of the coupons for interest.
a. That if the council of the city of Paducah shall de-
sire to pay any or all of said bonds aster the expiration:'dP
fifteen years from the date thereof, the same may be done
by giving notice in some newspaper published in the city of
Paducah_for at least thirty days of the number of said bonds
they propose to pay, the bonds to be .paid to be determined
by lot. If the bonds so called in for payment are not pre-
gt!nte.i to the treasurer of said city at his office for payment
within thirty days from the publication of said notice, then
i 6e interest on said called bond or bonds shall cease and
terminate.
3. Alt the real and personal property of Paducah sub-
ject to taxation shall be taxed each year in such amount
as may be necessary to pay the interest accruing on said
bonds and the principal thereof when the same may become
due, or at*any time after the expiration of fifteen years if
Jaid council shall elect to pay any or all of said bonds.
q. Persons neglecting or refusing to pay taxes assessed
for the purposes herein named shall be proceeded against as
in similar cases now provided by law.
g.' That the mayor in conjunction with the finance com-
ntittec are hereby em )owered as a committee to have said
bonds prepared and printed and to negotiate the same, and
otherwise to carry this ordinance into effect.
6. That the council clerk and city auditor, under the
control and supervision of the committee authorized in see -
'ion' .9
ec•:ion'9 shall keep a true and correct record of the bonds is- �
s..ed under this ordinance, date, number, to whom issued
a td the price for which same was sold.
7. Said bonds, when i3sued, shall be exempt from city
taxation of all kinds.
120 REVISED ORDINANCES Or PADIPC.AH.
(funding Bonds.. Gas Works.
8. This ordinance shall take effect from and after its
passage.
Adopted April 16, 1883.
HENRY H. HOUSTON, C. C. P.
Approved April 13, 1883.
CHAS. REED, Mayor.
Gas Works.
An ordinance granting to I. Eichel and his associates
the right to erect gas worl•s and lay mains and pipes in
and under the streets and alleys of the city'of Paducah, Ky.
Be it ordained by the mayor and council of the city of
Paducah, Ky.:
t. That I. Eichel and his associates are hereby granted
the right to erect, maintain and operate gas works in the
city of Paducah and rhe right to lay such mains and pipes
in and under the streets and alleys of said city as shall bt
neressary to convey the manufactured gas to all parts of
the city for the benefit of consumers,
2. It is, however, provided that the pipes or mains shall
be laid in the usual and customary depth under the streets
and in such way and manner as not to interfere with the
pipes now laid of rhe waterworks or other pipes now laid in
sa'd streets or with any sewers constructed by the city of
Paducah.
3• In excavating trenches for mains and pipes of said
I. Eichel and his associates, said I. Eichel and his asso-
ciates shall use such sides of the streets and alleys as the
street committee of the council of -the city of Paducah shall
designate, and shall so excavate said trenches as not to in-
terfere with or impede travel or the business of the public
unnecessarily. The pipes and mains are to be laid as nearly
as possible as the trenches are dug or excavated and the.
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