HomeMy WebLinkAboutOrdinances Book 7, Page 67, Resolution Number 23Ordinance No:
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FI1T_':i1CB TO P•O:ECUTE IiOTTES IiI 13I-214.LF 0.1' 11151, CITY Ok' :,717TTUC;`.Y,
TO THE 7:u EIiT Or ONE HUiiU :i:I) TliOUSs iD (, 100,000.00)
IX) :iS.
"*.PI1REi'S, the .u.ditor of the City of :2educah has issued a
statement roeor.imendinr that the City of Paducah issue notes to the
el_tent of Ono Hundred Thousand (;lOG,000.00) Dollars, to be secured
by the revenue of the City of Paducah, includin!7 adveloror: taxes,
able on or before July 1st, 1915, and
said statement of o.-pectod revenue is suffic' e_zt
to tel:o care o' said indobtedne,v, and
ll; %Ti z -,s, ,said statement has been approved and certified to
by the Commissioner of 12ublic Finance, not,, thcreforo -
BE 1 R -i,23 -MI) BY THE BOiRD OF COi._:'1..-.IG_..,_••
02 THE CITY 0.7 P,iDUC ,)!, F.11TUCKY;
acotion 1. That the "ayor and Commissioner of Public='inanco are ',_creby
c athori^.od, for and i,1 behalf of the City of Ilzoducah, to e-:ocuto note;;
of the said City of Paducah from time to tino, for such su�s of monoy
as may be noes zy to ray tl:c current manning e renscs of Sieh City,
up to the sum of Ono Hundred Thousand (,,:100,000,00) Dollars - all of
said notes to be dni; _id payable on July 10th, 1915, with intorest
from maturity, znd to ... no'otiatod in such manner and for sach rrieo
as may be to the best :interest of the City of Paducah.
Section u. Said notcc shall boar the signature and so,.l of the i;_ ._'
Paducah, by the 171.yor e.' '' cs City of 11aducah and Cor'11.iesioncr of
Public Finance of the City u_ ..L:ducah, and shall be due .end rayable
on July 10th, 191:5, :;5th intere:.t thereon at the rate of six (6) per
cent per annuri from maturity until paid -and for t_^.o paymont thereof
there is hereby pledged the revenue of the City of Paducah, including
the advalorem taxes collected by said City for the year 1915.
Section 3. This Resolution shall take effect from and after its passage
P'SSED BY THE BO.,RD OF COI.1.'ISSIOIIERS 1 4RCH 15th, 1915.
RECORDED BY UAURICE I.IcIIITYRE, CITY CLE X, L ROH 16th 1915.
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