HomeMy WebLinkAboutOrdinances Book 12, Page 897, No Resolution NumberqS'
IV
897 / REPEAUED
A RESOLUTION AUTHORIZING THE CITY TR51SURER TO CREATE A RIVERSIDE HOSPITAL
ACCOUNT, AND TO TRANSFER TO SAID ACCOUNT FUNDS AT THE CITIZENS? BANK AND TRUST
COMPANY NOW IN AN ACCOUNT KNO101 AS THE SPECIAL CONSTRUCTION ACCOUNT AND DECLARING
THE PURPOSE FOR WHICH SAID ACCOUNT SHALL BE ESTABLISHED.
MEME&S, there is a special account known as the Special Construction
Account at the Citizens? Bank and Trust Company consisting of money derived
from the sale of Hospital Bonds and by public subscription to the Riverside
Hospital Building Account, in the amount of $292,500.00
IMMS, said funds will be used by the City of Paducah to pay certain
cost of construction and to purchase equipment for the improvement of Riverside
Hospital, and it is deemed to the best interest of the City that said funds be
transferred to the General Rmd and kept separate and distinct in an account
separate and apart from the regular General Fund accounts.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF CMiISSIONERS OF THE
CITY OF PADUCAH, KENTUCKY:
SECTION 1 That the City Treasurer be, and he is hereby authorized
and empowered to transfer funds from the Special Construction Account (Riverside
Hospital )'at the Citizens? Bank and Trust Company,.6uch funds that are in said
account to the General Ruid of the City of Paducah, and that said transferred
funds be kept and maintain in a separate and distinct account to be designated
as the Riverside Hospital Construction Account and used to pay such planning
and construcition costs and materials and equipment as may be required in the
proposed Riverside Hospital new construction, and same shall be paid only upon
motion approved by the Board of Commissioners of the City of Paducah.
SECTION 2 This resolution shall be in full force and effect from and
after its adoption.
M66r Pro tem.
Passed by the Board of Commissioners August 26, 1952
Recorded by Sarah Thurman, City Clerk, August 26, 1952