HomeMy WebLinkAboutOrdinances Book 12, Page 1136, No Ordinance NumberAN 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 TBE YEAR 1953,
AND THE RATE OF POLLTAX, WITH THE PURPOSES OF SAID TAXES THEREUNDER
DEFINED.
BE IT ORDAINED BY THE BOARD OF COM11ISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. There is hereby levied for the year, 1953, 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-five and one-half cent3($1.35P), upon
each One Hundred Dollars ($100;00) assessed valuation of said propert
pursuant to Section 157 of the State Constitution, to defray the cost
of maintaining and administering the Government of the City of Paduca
for the year 1953, and to cover the estimated cost of maintaining an
operation the departments and agencies of said Government pursuant
to the 1953 budget prepared and submitted to the Board of Commis-
sioners by the City Manager and the 1953 apportionment ordinance
adopted by the Board of Commissioners, exclusive of the levies herein-
after mentioned and defined, and the proceeds of said tax levy shall
be paid into the General Fund of the city.
There is also hereby levied for the year 1953 a poll tai of One
and 50/100 Dollars ($1.50) on each male resident of -the City of Paducda
over 21 years of age and under 65 years of age as of July 1, 1952.
SECTION 2. There is hereby levied for the year 1953 an ad
valorem tax of twenty eents.(.200) upon each One Hundred Dollars
($100.00) of the fair cash value of the shares ofstoek of State Banks
and Trust Companies incorporated under the laws of this Commonwealth
and doing business in the City of Paducah, and the same tax is also
hereby levied upon the shares of stock of National Banks . doing business
within the city.
There is also hereby levied for the year 1953 an ad valorem
tax of fifteen cents (.I5¢) upon.each One Hundred Dollars (,y100.00)
of the fair cash value of all unmanufaotared 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 1953 apportionment ordinance adopted by
the Board of Commissioners, and the proceeds of such tai levies and
all other revenue of the city not specifically allocated to other
purposes shall be deposited into the General Fund of the city to be
expended as provided in the 1953 apportionment ordinance.
SECTION 4. There is also hereby levied for the year 1953 upon
each One Hundred Dollars ($100.00) assessed valuation of said taxable
property a special ad valorem tax of six aents (.06¢) 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 ARS 95.520 to 95.620.
There is also hereby levied for the year 1953 upon each One.
Hundred Dollars ($00.00) assessed valuation of said taxable property
a special ad valorem tax of three cents (.03¢) to be paid into and to
become a part of the Appointive Employees Pension Fund, which fund
shall be segregated. and set apart for the purposes defined in ARS 90.400
and the city civil service ordinance adopted on December 2, 1947, as
amended.
There is also hereby levied for the year 1953 upon.each One
Hundred Dollars ($100.00) assessed valuation of said ,taxable property
an ad valorem tax of fourteen cents (.14¢) to be deposited into a
sinking fondfbr the purpose of paying and retiring outstanding bonds
which have been voted by the people of the City of Paducah, and there
is likewise levied for the year 1953 upon each One Hundred Dollars
(.100.00) assessed valuation of said taxable property an ad valorem
tax of fifteen cents (.15¢) to pay the interest on said outstanding
unpaid voted bonds.
SECTION 5. There is also hereby levied for the year 1953 upon
each One Hundred Dollars ($100.00)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 (.05h)
for the purpose of maintaining and operating the Public Library, pur-
suant to the provisions of ARS 173.360, and the proceeds of said tax
levy shall be paid to the Board of Trustees 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
lawsof 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 resolution and budget there is
hereby levied the following taxes for the year 1953; an ad valorem
tax of One Dollar and Forty cents ("$1.40) on each one Hundred Dollars
($100.00) assessed valuation of all real and personal property subject
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to taxation for school purposes in the City of Paducah for the support
and maintenance of the public schools in said city; an ad valorem
tax of ten cents (.10¢) on each One hundred dollars ($100.00) of assessed
valuation of all real and personal property subject to taxation
school purposes in said city to provide a fund for the purchase of
sites for school buildings, for the erection and equipment 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. The Board of Education of the Cityof'Paducah
having also adopted a resolution and budget requesting the levy of a
Special School Building Tax of fifty cents (.50¢) on each One Hundred
Dollars ($200.00) of property subject to local taxation in the City of
Paducah, there is hereby further levied a special school building
tax of fifty cents (50¢) on each'One Hundred Dollars ($100.00) of
property subject to taxation in said eityjbr the year 1953 for the
purpose of providing for the purchase or lease of school sites and
buildings, for the erection and complete equipping of new school
buildings, for the major alterations, enlargement and complete
equipping of existing buildings, for the purpose of retiring, directly
or through rental payments, school revenue bonds issued for such
school building improvements and for the purpose of financing any
program for the acquisition, improvement or building 0" schools and
to accomplish any or all of said purposes.
SECTION 8. There is hereby levied an ad valorem tax of
seven cents (.07¢) 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 1953, for the purpose of
aiding, assisting and maintaining the Paducah Juntor'College, which
tax shall be and the same is hereby declared to be tax for school
purposes.
SECTION 9. The taxes levied under this ordinance are summarized
as follows.,
PURPOSE RATE PER $100
General Fund of the City $1.35h
Other Manioc a1 Pur oses
Pub c a nary 05a
Police & Fireman's Pension Fund .06
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PURPOSE RATE PER $100
Appointive Empolyees Pension Fund $ .03
Voted Bonds
SYnking fund for Retirement .14
Interest .15
SScchool�Pu Purposes
Public School s-Operattng fund 1.40
Public School-Buildtng Pond .10
Public Sohools-Special School Building Tax .50
Paducah Junior College .07
Total tax rate per $100 on property
subject to full tax rate 3.86
Special Levies for General Fund
Stook of Banks and Trust Companies 80
Unmanufactured agricultural products .15
Special Levy ,for Public Soho ols-Ogerattno Fund
Stock or Banks and Trust Companies .40
Poll Tax: $1.50 for each male resident over 21 and under
65 years of age.
SECTION 10. The provisions of this ordinance are severable.
If any provision, section, paragraph, sentence or part thereof shall
be held unconstitutional or invalid, such decision shall not affect
or imapir 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 11. This ordinance shall be in full force and effect
from and after its adoption.
mayor
all—
Pa3eed by the Board of Commissioners April 14, 1953
Recorded by Sarah Thurman, City Cler, April 14, 1953