HomeMy WebLinkAboutOrdinances Book 11, Page 492, No Ordinance Number492 %
AN ORDINANCE FIXING THE LEVIES AND RATES OF TAXATION ON ALL
PROPERTY IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR
MUNICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE YEAR 1948, AND
THE RATE OF POLL TAX 712TH THE PURPOSES OF SAID TAXES THEREUNDER
DEFINED.
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
11PADUCAH, KENTUC_KY:
SECTION 1.
There is hereby levied for the year 1948, upon all taxable
property within the City of Paducah, Kentucky, real and personal,
subject to taxation for municipal purposes, an ad valorem tax.of
One Dollar and thirty -sight and one-half cents (;$1.385), upon each
One Hundred (:;100.00) Dollars of valuation of taxable property
in said city, pursuant to Section 157 of the State Constitution, to
defray the cost of maintaining and administering the Govenament of
the City of Paducah for the year 1948, and to cover the estimated
cost of maintaining and operating the departments and agencies of sa
Government pursuant to the annual budget prepared and submitted to t
Board of Commissioners by the City 1,anagor for approval of the Board) of
Commissioners, exclusive, however, of the levies hereinafter mention) d
and defined. Y
There is also hereby levied a poll tax of One and 50/100
($1.50) Dollars on each male resident of the City of Paducah over 21
years of age for the year 1948.
There is also hereby levied upon each One Hundred ($100.00
)ollars valuation of taxable property in said city, a special tax of
'ive (.05) Cents to be paid into and to become a part of the Police
.nd Firemen's Pension Fund, and which fund shall be segregated and
at apart iq a separate fund in the City Treasury and shall be held
ubject to and for the purposes defined in Sections 95.580 and 95.59(
f the 1942 Revision of the Kentucky Statutes.
There is also hereby levied upon each One Hundred ($100.00)
Dollars valuation of taxable property in the city a special tax of One
(.01) Cent to be paid into and to become a part of the Appointive
lnployees Pension Fund, and which fund shall be segregated and set
apart in a separate fund subject to and for the purposes provided in
rection 90.400 of the Kentucky Revised Statutes.
There is hereby levied for the year 1948 on all taxable proper
IF cproperty
}vithin si
aid ty subject to taxation for municipal purposes, an ad
valorem tax of Thirteen (.13) Cents upon each One Hundred "100.00
tDollars of valuation of taxable property to create a sinking fund for
he purpose of paying and retiring outstanding bonds, including bonds
tissued by the City of Paducah for school purposes, which have been
I
b the
y people of the City of Paducah, and there is likewise
f
'f 1
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hereby levied for said year an ad valorem tax of sixteen (.16) cent
on each One Hundred ($100.00) Dollars of valuation of taxable
property in said city, to pay the interest on said outstanding
unpaid voted bonds, and all of whidz bonds have been approved by
vote of the people of said city.
The rate of taxation for the estimated expenditure of each de-
partment of the City Government, and for such other purposes as are
deemed to be necessary for the proper maintenance and administering
thereof, and with the amount appropriated for each of said depart-
ments and purposes shall be set apart and stated in the budget and
apportionment which shall be adopted and provided for by the Board
of Commissioners, and set out in said Apportionment Ordinance; and
the amount of levies provided in this ordinance are necessary and
required in order to provide the revenue adequate to meet the
requirements of said apportionment ordinance.
SECTION 2.
There is hereby levied for the year 1948, a tax of Twenty
(.20) Cents on each One Hundred ($100.00) Dollars of the fair cash
value upon all the shares of stock of State Banks and Trust Com-
panies incorporated under the laws of this Commonwealth, and engag
in business in the City of Paducah, Kentucky, and a like tax upon
the shares of stock of National Banks doing business in said city.
And there is further levied a tax of Fifteen (.15) Cents on
each One Hundred(100.00) Dollars of the fair cash value of all un -
manufactured agricultural products subject to taxation within said
city for general municipal purposes, and all of said taxes provided
for in this section, and levied and to be collected for the year
1948 and to be used for general municipal purposes.
SECTION 3. All revenues derived from licenses and•from all
other sources collected and paid into the City Treasury, for genera]
(municipal purposes, shall be distributed to their respective accoun'
lin the same proportions as ad valorem taxes herein provided for,
except revenues and the sources thereof which have not been con-
sidered in making up the Apportionment Ordinance, and in the event
of the collection of any other revenues or receipts of other income
1which was not considered in making up the Apportionment Ordinance,
same shall be credited to the general fund.
SECTION 4. The Board of Education of the City of Paducah, pur
suant to the authority vested in it under its Charter and under the
laws of the State of Kentucky, has adopted a resolution requesting
(that the Board of Commissioners of the City of Paducah levy an ad
valorem tax on all property in said city for school purposes, and
there is hereby levied for the year 1948 an ad valorem tax of
494
One Dollar and thirty-six cents ($1.36) on each One Hundred (0100.80)
Dollars of valuation of real and personal property in the City of
Paducah for the support and maintenance of the public schools in
city, less the estimated sum to be received from the State Common
School Fund and from other sources.
There is hereby levied a tax of Fourteen (.14) Cents on each
One Hundred ($100.00) Dollars of valuation of real and personal
property subject to local taxation to provide a fund for the purche
of sites for school buildings, for the erection and equipping of
school buildings, and for major alteration, enlargement and com-
plete equipping of existing buildings of the school system in said
city; and there is hereby further levied a tax of Forty (.40) Cents
on each One Hundred ($100.00) Dollars of the fair cash value upon
all the shares of Stock of State Banks and Trust Companies, incor-
porated under the laws of this Commonwealth, and engaged in busine s
in the City.of Paducah, Kentucky, and also on National Banks doing
business in said city for the year 1947, and which tax so levied sha
be for the support and maintenance of public schools of said city.
There is hereby further levied and imposed a tax of Five (.05)
Cents on each One Hundred $100.00) Dollars of valuation of all ream
and personal property in the City of Paducah, subject to taxation
the year 1948, pursuant to an ordinance adopted by the Board of
Commissioners of said city on the 27th day of January, 1936, for th
purpose of aiding, assisting and maintaining the Paducah Junior
College, and which tax shall be and the same is hereby declared to
be a tax for school purposes.
SECTION 5. There is hereby further levied and imposed a tax
of Five and one=half cents (.0521) on each One Hundred ($100.00)
Dollars of valuation of all real and personal property in the City
of Paducah subject to taxation for the year 1948, pursuant to the
provisions of KRS 173.360 for the purpose of maintaining the public
library.
SECTION 6. The total ad valorem taxes levied under this
ordinance are as follows:
General City Purposes .............................. $1.385
School General Purposes ............................ 1.36
School Building Fund ............................... .14
:Public Library ..................................... .055
Paducah Junior College ............................. .05
Policemen and Firemen's Pension Fund .05
Appointive Employees Pension Fund .................. .01
Sinking Fund for Voted Bonds ............. ......... .13
Interest on Voted Bonds .16
Total of said levies ........... $3.34
495
Total Levies on Banks and Trust Companies'
Stock for City Purposes .......................... $ .20
Total Levies on Banks and Trust Companies'
Stock for School Purposes ........................ .40
Total Levies on unmanufactures agricultural
products for city purposes ....................... .15
SECTION 7.
If any section or provision of this ordinance shall be held to
be invalid or unconstitutional, such fact shall not affect any
other section or provision of this ordinance, it being the purpose
of this ordinance to make each and every section and provision
hereof separable from all other sections and provisions.
SECTION 8.
This ordinance shall be in full force and effect from and
after its adoption. 1
Passed by the Board of Commissioners on April 20, 1948
Recorded by Sarah Thurman, City Clerk, on April 21, 1948