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ORDINANCE NO. 88-4-4047
AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND.CITY
CLERK TO ENTER INTO A LEASE WITH PEOPLES FIRST NATIONAL BANK AND TRUST
COMPANY, FOR LEASE OF CERTAIN PROPERTY LOCATED BETWEEN 400 KENTUCKY
AVENUE AND 328 BROADWAY, IN THE CITY OF PADUCAH, KENTUCKY
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the Mayor and City Clerk are hereby
authorized and directed to enter into a Lease and Covenant with Peoples
First National Bank and Trust Company, for lease of certain city
right-of-way located between 400 Kentucky Avenue and 328 Broadway, for
a term of twenty-five (25) years, and for the consideration of One
Dollar ($1.00) per annum.
SECTION 2. The aforesaid Lease and Covenant is attached
hereto and by reference incorporated herein, and all terms and
provisions thereof are approved.
SECTION 3. This ordinance shall be read on two separate days
and will become effective upon publication of title and a certified
summary thereof.
ORDVI
GERRY B. MONTGOMERY
Mayor
Introduced by the Board of Commissioners April 12, 1988
Adopted by the Board of -Commissioners April 26, 1988
Recorded by Lenita Smith, City Clerk, April 26, 1988
Published by The Paducah Sun May 2, 1988.