HomeMy WebLinkAboutOrdinances Book 13, Page 857, No Resolution NumberA RESOLUTION RATIFYING AND APPROVING AN AGREEMENT OF THE
BOARD OF EDUCATION OF THE CITY OF PADUCAH, KENTUCKY AND STEIN BROS.
AND BOYCE WHEREIN STEIN BROS AND BOYCE ARE APPROVED AS FISCAL AGENTS
IN THE HANDLING OF THE SALE OF SCHOOL REVENUE BONDS FOR THE CONSTRUCTION
OF THE SOUTHSIDE ELEMENTARY SCHOOL, AND AUTHORIZING THE MAYOR TO
EXECUTE SUCH AGREEMENT ON BEHALF OF THE CITY OF PADUCAH, KENTUCKY
WHEREAS the Firm of Stein Bros. & Boyce have been employed
by the Board of Education of the City of Paducah, Kentucky to serve
as fiscal agents for the issuance and sale of $160,000.00 of proposed
school revenue bonds for the construction of the Southside Elementary
School, and
WHEREAS the said Board of Education by a Resolution, has
requested the Board of Commissioners of the City of Paducah, Kentucky
to ratify such appointment/
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE CITY OF PADUCAH, KENTUCKY;
SECTION 1. That the agreement between the Board of Education
of the City of Paducah, Kentucky and Stein Bros. & Boyce dated March
7, 1958, wherein the said Stein Bros. & Boyce were employed as fiscal
agents in the issuance and sale of $160,000.00 in school revenue bonds
be, and the same is hereby ratified and approved, and the Mayor is
hereby authorized to execute such agreement on behalf of the City of
Paducah, Kentucky
SECTION 2. The City shall not be obligated in any way to pay
the fee authorized by such agreement except from funds received from
the sale of said school revenue bonds.
SECTION 3. This Resolution shall be in full force and effect
from and after its adoption.
ayor Pro Tem
U. Winston unolson, (ommi.ssioner
Passed by the Board of Commissioners March 15, 1958
Recorded by Sarah Thurman, City Clerk, March 15, 1958.