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HomeMy WebLinkAboutOrdinances Book 11, Page 655, No Ordinance Number655 AN ORDINANCE FIRING THE LEVIES AND RATES OF TAXATION ON ALL ROPERT-V IN THE CITY OF PADUCAH, KENTUCKY, SUBJECT TO TAXATION FOR . 'NICIPAL PURPOSES AND FOR SCHOOL PURPOSES FOR THE YEAR 1949, AND i RATE OF POLL TAX, WITH THE PURPOSES OF SAID TAXES THEREUNDER EFINED. BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF ADUCAH, KENTUCKY: SECTION 1. There is hereby levied for the year 1949, upon all taxable property within the City of Paducah, Kentucky, real and ersonal, subject to taxation for municipal purposes, an ad valorem tax of One Dollar and thirty six and one-half cents (w:1.36Q), upon ach One Hundred Dollars (;100.00) assessed valuation of said property, pursuant to Section 157 of the State Constitution, to defray the cost of maintaining and administering the Government v lof the City of Paducah for the year 1949, and to cover the estimated �ost of maintaining and operating the departments and agencies of aid Government pursuant to the 1949 budget prepared and submitted to the Board of Commissioners by the City Manager and the 1949 �pportionment ordinarce.adopted by the Board of Commissioners, xclusive of the levies hereinafter mentioned and defined, and the �Oroceeds of said tax levy shall be paid into the General Fund of the �ity. There is also hereby levied for the year 1949 a poll tax of Or F 50/100 Dollars ('1.50) on each male resident of the City of ucah over 21 years and under 65 years of age as of July 1, 1948. SECTION 2. There is hereby levied for the year 1949 an ad valorem tax of twenty cents (.20p) upon each One 'Hundred Dollars Pr100.00) of the fair cash value of the shares of stock of State Banks and Trust Companies incorporated under the laws of this Comoronwealth and doing business in the City of Paducah, and the same tax is als,) hereby levied upon the shares of stock of National IBanks doing business within the city. There is also hereby levied for the year 1949 an ad valorem tax of fifteen cents (.15�) upon each One hundred Dollars (.;100.00) of the fair cash value of all unmanufactured agricultural products within said city subject to taxation for general municipal purposes. SECTION 3. All taxes levied by Sections 1 and 2 of this ordinance are necessary and required in order to provide revenue to meet the requirements of the 1949 apportionment ordinance adopted by the Board of Commissioners, and the proceeds of such tax levies and all other revenue of the city not specifically allocated to other purposes shall be deposited into the leneral Fund of the city to be expended as Provided -in the 1940 apportionment ordinance. 656 SECTION 4. There is also hereby levied for the year 1949 upon each One Hundred Dollars (;,'100.00) assessed valuation of said taxable property a special ad valorem tax of five cents (.05g) to be paid into and to become a part of the 'Police and Firemen's Pension fund, which fund shall be segregated and set apart in the City Treasury and shall be held by the City Treasurer subject to and for the purposes defined in IMS 95.520 to 95.620. - There is also hereby levied for the year 1949 upon each Hundred Dollars (:;100.00) assessed valuation of said taxable prop- erty a special ad valorem tax of three cents (.03�) to be paid int and to become a part of the Appointive Employees Pension Fund, which fund shall be segregated and set apart in the City Treasury and shall be held by the City Treasurer subject to and for the purposes defined in KTS 90.400 and the city civil service ordinanc adopted on December 2, 1947, as amended. There is also hereby levied for the year 1949 upon each Hundred Dollars H;;100.00) assessed valuation of said taxable prop- ' <r arty an ad valorem tax of thirteen cents to be deposited into a sinking: fund for the purpose of paying and retiring out- standing bonds which have been voted by the people of the City of Paducah, and there is likewise levied for the year 1949 upon each One Hundred Dollars (y;100.00) assessed valuation of said taxable property an ad valorem tax of sixteen cents (.16X) to pay the interest on said outstanding unpaid voted bonds. SECTION 5. There is also hereby levied for the year 1949 upon each One Hundred Dollars (j100.00) assessed valuation of all real and personal property within the city, subject to taxation for general municipal purposes, an ad valorem tax of five and one- half cents (.0521) for the purpose of maintaining and operating the Public Library, pursuant to the provisions of YRS 173.360, and the proceeds of said tax levy shall be paid to the Board of Truatees of the Public Library. SECTION 6. The Board of Education.._of the City of Paducah, pursuant to the authority vested in it under its charter and under the laws of the Commonwealth of Kentucky, has adopted a resolution and budget requesting that the Board of Commissioners of the City of Paducah levy an ad valorem tax on all property in said city subject to taxation for school purposes. Pursuant to said resolu- tion and budget,there is hereby= levied the following taxes for the year 1949: an ad valorem tax .of One Dollar and `thirty-six cents (.'-,1.36) on each One Hundred Dollars (;4100.00) of assessed valuatior of all real and personal property subject to taxation for school purposes in the City of Paducah for the support and maintenance 657 Of the public schools in said city; an ad valorem tax of fourteen cents (.14�) on each One Hundred Dollars (;;100.00) of assessed valuation of all real and personal property subject to taxation for school purposes in said city to provide a fund for the purchase of sites for school buildings, for the erection and equipping of school buildings, and for major alterations, enlargement and temple equipping of existing buildings of the school system in said city; and an ad valorem tax of forty cents (.40�) on each One Hundred Dollars (.;`100.00) of the fair cash value of all shares of stock of State Banks and Trust Companies, incorporated under the laws.of this Commonwealth, and engaging in business in said city, and the same tax is also levied on the shares of stock of National Banks and Trust Companies doing business in said city, which taxes so levied shall be for the support and maintenance of the public schools in said city. SECTION 7. There is hereby further levied an ad valorem tax of six cents (.06f) on each One Hundred Dollars ($100.00) of assessed valuation of all real and personal property subject to taxation for school purposes in said city, for the year 1949, for the purpose of aiding, assisting and maintaining the Paducah Junior. College, which tax shall be and the same is hereby declared to be a tax for school purposes. SECTION 8. The taxes levied under this ordinance are summarized as follows: PURPOSE RATE PER $100 General Fund of the City $ 1.362 Other Municipal Purposes Public Library ,052 Police & Firemen's Pension Fund .05 Appointive Employees, Pension Fund .03 Voted Bonds Sinking Fund for Retirement .13--lU Interest .16 School Purposes Pu c Se oo s -Operating Fund 1.36 Public Schools -Building Fund .14 Paducah Junior College .06 Total tax rate per 100 on property subject to full tax rate 3.35 Special Levies for General Fund Stock of Banks and Trust Companies .20 Unmanufactured agricultural products .15 Special Levy for Public Schools -Operating Fund Stock of Banks and Trust Companies .40 Poo. rfax: x;1.50 on each make resident over 21 and under 65. 658 SECTION 9 The provisions of this ordinance are severable. If any provision, sectionm paragraph, sentence or part thereof shall be held unconstitutional or invalid, such decision shall not affect or impair the remainder of this ordinance, it being the legislative intent to ordain and enact each provision, section;. paragraph, sentence and part thereof, separately and independent of each other. SECTION 10. This ordinance shall be in ull force and effect from and after its adoption. ytv,� Lia yor Passed by the Board of Commissioners, February 23, 1949 Pecorded by Sarah Thurman, City Clerk, February 23, 1949.