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101 E Main St,
Georgetown, KY 40324
101 E Main St, Georgetown, KY 40324
(502) 863-7850
(502) 863-7850
CALL US NOW
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Georgetown, KY 40324
(502) 863-7850
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Youtube
Contact Us
101 E Main St,
Georgetown, KY 40324
(502) 863-7850
CALL US NOW
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Search
Home
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O RDIN ANCE NO . 96-0 08 A N ORDIN ANCE RELA TIN G TO FR AN CHIS E FE E S ON BA NK D EPO SIT S WHIC H ARE HELD BY ALL FIN A NCIA L IN STIT U TIO NS WIT H IN TH E CO UNTY O F SC O TT, FO R TH E HEA LT H , ED UCATIO N, SA FE TY, WELFA RE AND CO NVEN IE N C E OF TH E IN HABIT A NTS OF SC O TT CO UNTY. T his re ve nue measu re will se rv e as th e meth o d of re p la cin g th e re ve nue fo rm erly g enera te d by KR S 136.2 70, th e ta x on bank and tr u st co m pan y sh are s, whic h has be en r e peale d, eff e ctiv e Ju ly 15, 1996. B e it ord ere d by th e Fis ca l Court of th e County of Sco tt, Com monw ealt h of Ken tu cky: S EC TIO N 1. G enera l Pro vis io ns. Purs u ant to KR S Cha pte r 13 6, th ere is he re b y im pose d on each "fin an cia l i n stit u tio n", as defin ed in Sectio n 2, lo ca te d wit h in th e ju ris d ic tio n of Sco tt Coun ty , a fr a nch is e t a x measu re d by th e deposit s in su ch in stit u tio n s. All mon eys co lle cte d purs u ant to th ese s e ctio ns sh all be paid in to th e Genera l Fund of th e Coun ty to be use d fo r th e pa ym en t of pro per e xp endit u re s as dete rm in ed by th e Fis ca l Court. S EC TIO N 2. D efin it io ns. A . "D eposit s " mean all dem and and tim e depo sit s , exclu d in g depo sit s of th e Unit e d Sta te s gove rn m ent, sta te and polit ic a l su bdiv is io ns, oth er fin a ncia l in stit u tio n s, public lib ra rie s, educa tio nal in stit u tio ns, re lig io us in stit u tio ns, ch arit a ble in stit u tio ns, and ce rtif ie d and off ic e rs ' ch ecks. B . "F in ancia l in stit u tio n" means: ( 1 ) a natio nal bank org aniz e d and exis tin g as a natio n al bank asso cia tio n purs u an t to th e pro vis io ns of th e Natio nal Bank Act, 12 U.S .C ., se c. 21 et se q., in eff e ct on Dece m ber 31, 1995, exclu siv e of any am end m en ts made su b se que nt to th at date , or a natio nal bark org aniz e d aft e r Dece m ber 31, 1995 , th at mee ts th e re quir e m ents of th e Natio nal Bank Act in eff e ct on Dece m ber 31, 1995 ; ( 2 ) Any bank or tr u st co m pany in co rp ora te d or org aniz e d unde r th e la w s of any sta te , exce pt a banke r's bank org aniz e d unde r KR S 287.1 3 5; ( 3 ) Any co rp ora tio n org aniz e d under th e pro vis io n s of 12 U.S .C . se cs. 611 to 63 1, in eff e ct on Dece m ber 31, 1995, exclu siv e of any am end m en ts made su b se que nt to th at date , or any co rp ora tio n org aniz e d afte r Dece m ber 31, 1995 , th at mee ts th e re quir e m ents of 12 U.S .C . se cs. 611 to 63 1, in eff e ct on Dece m ber 31, 1995 ; or ( 4 ) Any agency or bra nch of a fo re ig n depo sit o ry as de fin ed in 12 U.S .C . se c. 310 1, in eff e ct on Dece m ber 31, 1995, exclu siv e of an y am endm ents mad e su bse q uent to th at date , or any agency or bra nch of a fo re ig n depo sit o ry esta bli s h ed afte r
