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AN ORDINANCE FIXING AND ESTABLISHING THE AGGREGATE AMOUNT OF LICENSE FEES, CHARGES AND SPECIAL TAXES DUE THE CITY OF JONESBORO, ARKANSAS, FROM THE MID-SOUTH GAS COMPANY, ITS SUCCESSORS AND ASSIGNS, ON ACCOUNT OF ITS GAS OPERATIONS IN SAID CITY, WHICH AMOUNT WILL BE USED BY THE CITY IN LIEU OF ALL SUCH TAXES EXCEPTING AD VALOREM TAXES AND AUTOMOBILE LICENSES, AND FOR OTHER PURPOSES
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WHEREAS, The Mid-South Gas Company (hereinafter sometimes referred to as the “gas company”) is duly authorized by franchise ordinances heretofore enacted to operate a gas distribution system and appurtenances thereto, used in or incident to, the rendition of gas service to the City of Jonesboro, Arkansas, and the inhabitants thereof residing in said City; and
WHEREAS, the Mid-South Gas Company is now occupying the streets and alleys of the City of Jonesboro, Arkansas, for the purpose of operating, maintaining and extending its gas service to the City and the inhabitants and consumers residing in said City and is supplying to the City and consumers therein gas services; and
WHEREAS, the City is entitled to receive such just and reasonable taxes from the gas company which the City may lawfully impose and the gas company is entitled to pay.
NOW,T HEREFORE, be it ordained and enacted by the Council of the City of Jonesboro, Arkansas, that:
SECTION 1. The gas company shall pay to the City of Jonesboro, the sum of $4,000.00 annually, payable quarterly in advance, each quarterly payment due and payable in January, April, July and October each year. Payments of $1,000.00 to the City for present occupation tax on Mid-South Gas Company for the calendar years of 1951 has been made to the City and receipt is hereby acknowledged by City. This payment of $1,000.00 shall constitute the first quarterly payment of tax set out herein above for the year 1951. No further payment hereunder to be made by company until April, 1951. The tax as herein levied shall be in lieu of all special taxe...
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