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Home My WebLink AboutOrdinances and Municipal Laws, Page 396i 7 i 396 REVISED ORDINANCES OF PADUCAH. 9 396 REVISED ORDINANCES OF PADUCAH. Street improvement Bonds. Market House Bonds. But in case the to issue said bonds does not / .proposition receive the votes of two thirds of. the qualified voters of the said City of Paducah, voting upon said proposition, , then this ordinance shall be null and void and of no effect. 'le: levied Sec. 6. And it is hereby further ordained and agre.:d, br Payment that if the bonds herein mentioned are voted at the election , herein provided that the said City of Paducah by its 'General Council, shall cause to be levied a tax, sufficient to pay off the interest on the said bonds as the same falls due, and provide a fund sufficient to pay off said bonds when they become due. r Sec. 7. This ordinance shall take effebt, and be in force from and after its passage, publication and approval. Adopted by the Cccncil Sept. 29. 1903. CHAS. REED, Pres. Adopted by Aldermen Oct. r 1903. L. E. DURRETT. Fres. Approved Oct. 2, 1903.. D. A. YEISER, Mayor. Market House Bonds. An Ordinance Authorizing and providing for the issual of twenty five thousand dollars of bonds of the city of Pa- ducah, Kentucky, for the Purpose of Erecting a Market House in the Said City and Submitting the same to the Voters of Paducah. Be it ordained by the General Council of the City of Paducah, Ky. Nsmof bonds Section t. That the City of Paducah, Kentucky, shall issue bonds to the amount of twenty five thousand dollars in denominations of five hundred dollars each ($Soo), bonds to be payable at • the end of thirty years (30) said bonds to be serially numbered from ,one (1) to fifty (So), inclusive, and shall bear the seal of the City when isswed. Shall 'be, , 1 IJ REVISED ORDINANCES OF PADUCAH. 397. Market House Bonds, I ' issued under the signature of the Mayor; shall be counter " signed by' the city treasurer; and shall bear interest at the rate of 4 per cent per annum, payable semi-an- nually, and shall have interest couponds attached thereto, Intureat signed by the mayor ot.the city slid countersigned by the caoutwua ttached city treasurer. Said bonds shall not be sold for less than par and the accrued interest, and the proceeds shall be used ex- clusively for erecting a market -house, in the City of Padu- call and for the further purpose of buying additional ground, I'urp w' for extending the site and erecting a building thereon, or in such a manner as the General Council may deem expedient. Said bonds be made payable at some bank or trust com- pany in the City of New York and shall be issued under the authority granted the City of Paducah by section t57, of the Constitution of the State of Kentucky and section 3097 of the Kentucky Statutes. Sec. 2. The bond: above provided for, shall be issu- ed only, upon the conditions,• hereinafter set •forth. Sec. 3. The issua! of bonds above mentioned, shall not Ito, ola-stua be valid nor binding upon the City of Paducah, until same elspt db shall have been submitted to and voted affiirmatively upon by two thirds of all the qualified voters of the City of Pa- ducah, Kentucky, voting at an election hereinafter provided for, and for the purpose of taking the sense of the qualified votes of the City of Paducah, upon the question of issuing said bonds, an election is hereby called to be held in Padu- cah, Kentucky, on the regular election day in November 1903 being Tuesday November 3rd, and between the same. hours in which said regular election is held, and shall be conducted by the same r.fi7cers, who hold the elections for aldermen and other city officers at said election. And the votes cast at said election shall be counted and certified in VoNe the same manner provided for by law, that votes for said counted officials shall be counted and certified, and shall be return- ed to the sane official, atd the results shall be announced ill the sante manner, it, 6 provided for by law, for elcetiuns r -398 REVISED ORDINANCES OF PADUCAH. Market House Bonds. 'to municipal officers, in cities of the second class. QuauBcntlon The qualification of voters at the said election shall be of voters determined and ascertained by section one, article y, of the• Charter Act of March [9th, t894, at said election all votes cast shall be by secret t allot, for the purpose of determin- ing the sense of the voters of this city upon this question; there shall be certified to the Clerk of McCracken County, by the Clerk of the City of Paducah the fact of the passage [}•;tion rurtl9ed of this ordinance, and all the questions to be voted upon, and said Clerk of McCracken County.shall be requested and required to have placed upon said ballots to be voted.at the- regular election in November, at a specified place on said ballot the following words—"For the issual of twenty five' thousand dollars of bonds, by the City of Paducah; Ken - lucky, for the purpose of erecting a market -house in said city," and that there be left on the right side of said words - two spaces above and below each other, the first—the up- per space for voters favoring the issual of said bonds, which Low ballots shall be designed by the word "Yes". And the other or lower are to be wind space for 'voters opposing the issual of said bonds to be designed by the word "No". And the voter shall designate his vote by the cross [nark. These words submitting the question herein before referred to the voters of the City of - Paducah, to be printed on the official ballot furnished by the Clerk of McCracken County for the regular election in November, 1903, to hlie vnrio118 precincts which lie with-' in the City of Paducah, Kentucky. Nalco of Aacllon Sec. 4. The said Clerk shall cause notice of the elec- tion, herein called to be riven by publication of these ordi- minces, in the official newspaper of said city for two weeks • continuously next before the day of -holding the election and said clerk 'shall port a printed copy of said ordinance, in two public places in each of the voting precincts of the Ci;y of Paducah, at loa;t ten days before the date of the said election. S-- S. In the event that two-thirds (2-3) of all the c U REVISED ORDINANCES OF PADUCAH, sq� Market House Bonds. Court St. Changed to Kentucky Ave; qualified voters of the said City of Paducah voting upon When nds said proposition, shall vote for the issual of said bonds, then way IX1 ued the said city of Paducah shall issue said bonds, as provided, by law, subject to the conditions contained in this ordi- nance; but, in case the rroposition to issue said bonds does not receive the votes of two -third, (2-3) of the qualified voters of the said city ci Paducah voting upon said propo- sition, then this ordinance shall be null and void, and of no effect. Sec. 6. And it is hereby further ordained and agreed, Tax for agmen% b be that if the bonds.herein mentioned are voted at the election fa.wd herein provided, that the said city of Paducah, by its Gen- eral Council, shall cause to be levied a tax sufficient to pay off the interest on said bonds as same falls due, and provide a fund sufficient to pay said bonds when they be- come due. Sec. 7. This ordinance shall take effect and be in force, from and after its passage, publication and approval. Adopted by the Council September 29, 1903. CIIAS. REED, Pres. Adopted by the Board of Aldermen October 1, 1903. L. E. DURRETT, Pres. Approved October 2, 1903. I?. A. YEISER, Mayor, Attest: W. If. PATTERSON. C. C. P. 1 Court St. Changed to 'Kentucky Ave. An Ordinance Chanving the Name of Court Street in the City of Paducah, Kentucky, from Court Street to Ken- tucky Avenue. Be it ordained by the general council of the City of Paducah, Kentucky. r