HomeMy WebLinkAboutOrdinances Book 8, Page 452, No Resolution Numberk% N0. 452.
WHEREAS on the 22nd day of May, 1925, the General Council
of the City of Paducah adopted an ordinance entitled "AN O'DINANCE TO
CREATE AND ESTABLISH A FRANCHISE TO CONSTRUCT, 01JN5 ACQUIRE, I;IAINTAIN
AND USE A WATER 17ORKS PLANT AND '"DATER DISTRIBUTING SYSTEM 1," [THIN TILE
CORPORATE LIMITS OF PADUC:UI AND INVcSTING THE PURCHASER THEREOF 'IiITII
THE RIGHTS, PO'. -,ER AND PRIVILEGES HEREIN SET FORTH AND IMPOSING UPON
SUCH PURCHASER THE DUTIES AND RESPONSIBILITITES SET OUT IN THIS
ORDINANCE."
AND WHEREAS said ordinance directed the Mayor of the City
of Paducah after reasonable advertisement to sell the franchise therein
established to the highest and best bidder:
AND WHEREAS the Mayor of Paducah has reported to the
General Council that he did, after due advertisement, offer for sale
the franchise in said Ordinance on the 12th day of June 1925, and that the
Paducah Water Company became the purchaser of said franchise:
AND WHEREAS the action of the I:layor in selling said
franchise to the Paducah Water Company has been regularly and duly
approved by the General Council of Paducah:
AND WHEREAS under the terms of said Ordinance the rates
to be charged to water consumers by the purchaser thereof are fixed and
determined:
AND WHEREAS Said Paducah 'Nater Company is now the owner
of said franchise and empowered to take, have aid receive for supplying
water to the City of Paducah and its inhabitants and other persns
o
using the water of said Paducah ''Vater Company the rates and prices
fixed in said Ordinance.
AND WHEREAS the Paducah 'Mater Company, in order to enable
the citizens of Paducah, and the City of Paducah to become familiar
with the rates so established and fixed in said Ordinance, has agreed
that it will not put into effect the rates so established in said
Ordinance until July 1st, 1925.
NOW THEREFORE BE IT RESOLVED BY THE GENERAL COUNCIL OF
THE CITY OF PADUCAH, that the city of Paducah and the Paducah Water
Company hereby agree that the rates as established in said franchise
shall not begin to run until July 1, 1925,
AND BE IT FURTHER RESOLVED: That the amount the Paducah
i
Water Company is authorized and empowered to earn, as set out in
Section 18 of said franchAse, shall be computed ffom July 1, 1925, as
the beginning date of the fiscal ,year.
No.33.
The purpose of this resolution is to show that the City
and the Plater Company have agreed that under the terms of the
Ordinance the Water Company's earnings from the rates as fixed in
said Ordinance shall be determined by taking July 11 1925, as the
beginning date for ascertaining the amount of such return.
-, K. ENROLLMENT COMMITTEE,
GHAWMAV
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Attes �2 1926 ,
City Clerk
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