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HomeMy WebLinkAboutOrdinances Book 6, Page 140, No Ordinance Number]�zlrrsrc; F:iPT.IITr i ],TTTITI"!")' OP PAD A14 IC714TUCKY, ORDIldA1rC 1 , Y A14 oRDINANCF, Ai.tr,iTD1.NG All TTI D IPT ''Tp,' PA))U AJ-1 STABL2 CImY OF' / i NPI'J JA101 ' ACTURIIIG rNTTVRISr� r` TO Tl'T' OR Cpj4Sr TA` j- 19oF • o].. LI d 23rr-� V AI,ORr � 4 JLUf ]-R02t TT"F PAYi,TI11m Ol�' �� �- pgAYOR OVrD 13Y T" gentuclw— ,App of Pc,ciucell, c: FOR A PERIOD OI r'IVP. YEILRS the City the Gcnerc,l Council of „� ordincu'lce Be it ord.e.ined by entitled, of. c-n °rclino,nec) the City o-' Panueah, •: r' Sec. i. That section 1 ,shod in 7% eaenpti n{; neer r snifo.cttrring ent erprises establ- or license tra to the city of Kentucly, fron the payment of c:lly c:d-valor r �3rc1, 1906,- Pedncall r'or a period of five years°; approved b� the 1l-"yor Jul o the vrords "or licoilse", � 1 striking out i be, and t}le sal:,e is ]'ere by atnencled by ,L th el-� to shit; rection 1 thereof, nc^ rdc(/11U l appearinE in lin;; any ��„ e _ tion herein ,ranted shell not apply to lovrin{; words, to grit; lho xerpp establis]_.'•en°t � such nr-,nufactur ing estrbli s:'='= T t ubt it such n.YlUf,tictur ing i. has berruz operation ii: good faith",- so that s vic1 section ?rren so ti:�erL`?`dj slrnll read as follows, to ?`rit;- of the City of Paclueah, Section la That vrl?ercas, it is the desire to encourcge the esteblisi?TMt nt° of y1arlufecturL-1G enterprises in enterprise Kentucky, ; the city of Pac:ucal?, therefore -'ron and after the Passage, the 1 and r t r, n here- publicatio_? of tlli s oiclrDlrrr_ce all bona. icle r:lanuiactus ink tnt rprio after e:.tn,blishecl in the city of Pad-ieah, Kontueky, shall be exei;lp't frol:l - pc.yl:ren, to thn city . of Pad.ucalr for a period of 1,�iv e Year> • from the date i, Of the cstablisiL*lent of snno, of any ad valorem taxes, subject, }?o?Pever, I - to t]?e follovrinr; conditions, any one o" ?'ri,ich ?*rhen viol., viti,7,te sLid right of exer_•cption and 'subject said exel:rpted property or proporty oviner to the pe,ymcnt of ad valorom tcsxes to the city of Paducv.h. thenceforth; (1) All of the property exel:ipted from toxation must be o?;aied in foe sil!rp1e by such manufacturing company or enterprises. (2) All of the proprty exempted. ::rust be us=;c1 entirely e,nc?. solely by said nrnua; eturing conpru-ly or enterprise for ant, in t?le fa cturin{ business carrir:d on by said co, Z any. The personal pro h Pp (3)• p rty exempted shall be only t1le a lienees' nahhinery, equipment andappurtenances used in abd by said. 1st ufacturing establislmrent, and situated. therein or thereon, and VII products o-' such n nufacturing establis"r> rent . The c;xe _:pt ion lrorein Erallt ed shall not apply to any such I-qnnufacturing establisl?�ent until sue} "rrnufecturin{; estab- lis]-nont has begun operation in r% tl ood faith. M Sec. 2: This ordinrunce shall tale effect .nrl be in i orce fror? and after its pass'nge, c�pPro%r"'! - - - - rnd :ublic�,tion,