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AN ORDINANCE FIXING AND ESTABLISHING THE AMOUNT OF LICENSE FEES, CHARGES AND SPECIAL TAXES DUE JONESBORO FROM ARKANSAS-LOUISIANA GAS COMPANY, ITS SUCCESSORS AND ASSIGNS, ON ACCOUNT OF ITS GAS OPERATIONS IN SAID CITY, WHICH AMOUNT SHALL BE USED BY THE CITY IN LIEU OF ALL SUCH TAXES
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WHEREAS, the Arkansas Louisiana Gas Company (hereinafter sometimes referred to as “Gas Company”) is or will be duly authorized by franchise ordinance to operate a gas distribution system and appurtenances thereto, used in or incident to the rendition of gas service to Jonesboro, Arkansas, and the inhabitants thereof residing in said municipality; and
WHEREAS, the Gas Company is now or will be occupying the streets and alleys of this City, for the purposes of operating, maintaining and extending its gas service to the municipality and the inhabitants and consumers residing in said municipality and supplying the municipality and consumers therein gas service; and
WHEREAS, the municipality is entitled to receive such just and reasonable taxes from the Gas Company which the municipality may lawfully impose and the Gas Company is entitled to pay.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro. Arkansas:
Section 1: The Gas Company shall pay to the City of Jonesboro for the privilege of doing business in the City of Jonesboro, Arkansas, the sum of $67,000 annually.
Section 2: Payments to the City by Arkansas Louisiana Gas Company for the tax provided for in Section 1 hereof shall be made semiannually beginning with January 31 and July 31, 1970.
Section 3: Pursuant to authority of an order of the Arkansas Public Service Commission relating to and approving a formula for computation of the municipal taxes which may be considered a part of the rate structure for the Arkansas Louisiana Gas Company which rate was fixed by said order, the City hereby recognizes and expects that the Arkansas-Louisiana Gas Company will cause the additional taxes levied i...
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