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HomeMy WebLinkAboutOrdinances Book 15, Page 387, No Ordinance Number387 AN ORDINANCE SUBMITTING TO THE VOTERS OF THE WHOLE CITY OF PADUCAH, KENTUCKY ON THE REGULAR ELECTION DAY ON NOVEMBER 3, 1961, THE QUESTION AS TO WHETHER OR NOT THE FOLLOWING ENTITLED ORDINANCE PERTAINING TO THE ISSUANCE OF $3,000,000 OF "SEWER SYSTEM REVENUE BONDS OF 1961," SHALL GO INTO EFFECT: "AN ORDINANCE OF THE CITY OF PADUCAH, KENTUCKY, REAFFIRMING DETERMINATIONS PREVIOUSLY MADE THAT A PUBLIC PROJECT SHOULD BE UNDERTAKEN IN THE INTERESTS OF THE PUBLIC HEALTH, SAFETY AND GENERAL WELFARE, CONSISTING OF THE CONSTRUCTION AND INSTALLATION, WITH NECESSARY APPURTENANCES, OF FACILITIES FOR THE PURPOSE OF RELIEVING THE PRESENTLY OVERLOADED COMBINED SANITARY AND STORM WATER SEWERS IN ORDER THAT THE SA14E MAY FUNCTION PROPERLY IN THE DRAINAGE OF POLLUTED SEWAGE WASTES DURING PERIODS OF HEAVY RAIN- FALL, TOGETHER WITH EXTENSIONS, IMPROVEMENTS AND ADDITIONS TO THE MUNICIPAL SANITARY SEWER SYSTEM FACILITIES IN AND FOR SAID CITY AND ITS ENVIRONS; AUTHORIZING THE FINANCING THEREOF (TO THE EXTENT FUNDS ARE NOT PROVIDED FROM OTHER SOURCES) THROUGH THE ISSUANCE BY SAID CITY OF ITS $3,000,000 "SE,'TER SYSTEM REVENUE BONDS OF 1964" PAYABLE AS TO PRINCIPAL AND INTEREST SOLELY FROM THE REVENUES OF SUCH SYSTEM; PROVIDING FOR THE COLLECTION AND SEGREGATION OF THE INCOME AND REVENUES OF SUCH SYSTEM, AND THE ALLOCATION AND DISTRIBUTION THEREOF TO VARIOUS SPECIAL FUNDS HEREIN CREATED, IN ORDER TO PROVIDE FOR THE ORDERLY PAYMENT OF SUCH PRINCIPAL AND INTEREST, THE COSTS OF OPERATION AND MAINTENANCE, AND THE ASSUMULATION AND MAINTENANCE OF PROPER RESERVES: PRESCRIBING CONDITIONS AND RESTRICTIONS PURSUANT TO WHICH ADDITIONAL BONDS PAYABLE FROM SUCH REVENUES MAY BE ISSUED IN THE FUTURE FOR EXTENSIONS, IMPROVEMENTS AND ADDITIONS TO SUCH SYSTEM; AND PROVIDING FOR AN ADVERTISED, PUBLIC, COMPETITIVE SALE OF THE BONDS HEREIN AUTHORIZED WHEREAS on August 18, 1964, the Board of Commissioners of the City of Paducah, Kentucky, adopted an ordinance entitled as above, and WHEREAS said ordinance could not become effective until the expiration of ten (10) days after its adoption, and WHEREAS before the expiration of ten (10) days after the adoption of said ordinance a petition signed by a number of voters equal to at least 250 of the total number of votes cast for both candidates for Mayor at the last preceding election for Mayor, stating the residence of each signer and verified as to signatures and resi- dences by affidavits of one or more persons, was presented to this Board of Commissioners through its Clerk, protesting against the passage of said ordinance, and requesting that this Board of Commissioners either repeal said ordinance or submit the question of its passage to the voters of the whole city at a regular election, and 388 WHEREAS by motion heretofore on this day adopted by the Board of Commissioners of said City, it was ordered that said ordinance be reconsidered and that if not repealed after such reconsideration, the question as to whether or not said ordinance would go into effect would be submitted by said Board to the voters of said city at the next regular election, and WHEREAS after reconsideration of said ordinance by said Board, such ordinance has not been repealed, and WHEREAS under the terms of the aforesaid KRS 89.600 it is the duty of said Board to submit to the voters of said City the question as to whether or not said ordinance shall go into effect. NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. Pursuant to KRS 89.600 there is hereby submitted to the voters of the whole City of Paducah, Kentucky, on the regular election day on November 3, 1964, the question as to whether or not the ordinance having the title quoted above, adopted by the Board of Commissioners of said City on August 18, 1964, shall go into effect, and in that regard, such question so submitted shall be in words and figures as follows on the official ballot: "SHALL THE ORDINANCE ADOPTED AUGUST 18, 1964, BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY, AUTHORIZING THE ISSUANCE AND SALE OF $3,000,000 (THREE MILLION DOLLARS OF 'SEWER SYSTEM REVENUE BONDS OF 1964' TO PROVIDE FOR THE RELIEVING OF OVERLOADED COMBINED SANITARY AND STORM WATER SEWERS, AND EXTENSIONS, IMPROVEMENTS AND ADDITIONS TO THE 14UNICIPAL SANITARY SEWER SYSTEM, AND PAYABLE AS TO PRINCIPAL AND INTEREST SOLELY FROM THE REVENUES OF SUCH SYSTEM, GO INTO EFFECT?" Opposite the question shall be printed "YES" and "NO" with the proper space for placing the cross mark to indicate preference. SECTION 2. The City Clerk shall cause a notice of the election set forth in Section 1 hereof to be published in at least one (1) issue of the Sun -Democrat not less than seven (7) days nor more than twenty-one (21) days before the regular election to be held on November 3, 1964. SECTION 3. The City Clerk shall certify this ordinance to the Clerk of the McCracken County Court. 389 SECTION 4. This ordinance shall be in full force and effect from'and after its adoption. Mavor Passed by the Board of Commissioners September 8, 1964 Recorded by Sarah Thurman, City Clerk, September 8, 1964.