HomeMy WebLinkAboutOrdinances Book 15, Page 1031, No Resolution Number].031
A RESOLUTION RATIFYING THE ACTION OF THE PADUCAH AREA LIBRARY
BOARD IN ACCEPTING A PROPOSAL OF STEIN BROS. & BOYCE, INC. TO ACT AS
FISCAL AGENTS FOR SAID BOARD IN CONNECTION INITH A HOLDING CORPORATION
BOND ISSUE TO PROVIDE A PORTION OF FUNDS NEEDED FOR CONSTRUCTION OF
NEW LIBRARY FACILITIES
BE IT RESOLVED BY THE BOARD OF COA'B•IISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the Board of Commissioners of the City of
Paducah, Kentucky, does hereby ratify the acceptance of the Paducah
Area Library Board, of a written proposal from Harold L. Sullivan,
Vice President of Stein Pros. & Boyce, Inc. dated August 4, 1966,
to act as Fiscal Agents for said Library Board in connection with a
Holding Corporation Bond issue, to provide a portion of funds needed
for construction of new library facilities, a copy of said proposal
Nein^ attached hereto and made a part hereof.
SECTION 2. That the City Clerk be, and she is hereby, authorized
and directed to certify such ratification upon copies of said proposal
to 're delivered to said Library Board and Stein Bros. & Boyce, Inc.
SECTIO!4 3. This Resolution shall be in full force and effect
from and after its adoption..
Inlayor
Passed by the Board of Commissioners August 16, 1966
Recorded by Sarah Thurman, City Clerk, August 16, 1966.