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AN ORDINANCE WHEREBY THE CITY OF JONESBORO, ARKANSAS, OF THE STATE OF ARKANSAS AND THE SOUTHWESTERN BELL TELEPHONE COMPANY, A MISSOURI CORPORATION, AGREE THAT THE TELEPHONE COMPANY SHALL CONTINUE TO OPERATE ITS TELEPHONE SYSTEM AND ALL BUSINESS INCIDENTAL TO OR CONNECTED WITH THE CONDUCTING OF A TELEPHONE BUSINESS SYSTEM IN SAID CITY, AND ERECT AND MAINTAIN ITS PLANT CONSTRUCTION AND APPURTENANCES ALONG, ACROSS, ON, OVER, THROUGH, ABOVE AND UNDER ALL PUBLIC STREETS, AVENUES, ALLEYS, PUBLIC GROUNDS AND PLACES IN SAID CITY, THAT THE CITY SHALL RECEIVE AN ANNUAL PAYMENT FROM THE TELEPHONE COMPANY, AND REPEALING ALL ORDINANCES AND AGREEMENTS IN CONFLICT HEREWITH:
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WHEREAS, the City desires to enact and impose upon the Telephone Company a tax which shall be in lien of all other licenses, charges, fees or special taxes other than the usual general or special ad valorem taxes, and
WHEREAS, the City recognizes and concurs in the purpose and intent of an order of the Arkansas Public Service Commission entered on December 10, 1957, in Docket U-1281 relating to the treatment by the Telephone Company of all City special taxes;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, State of Arkansas that:
SECTION 1: The Southwestern Bell Telephone Company, its successors and assigns (herein referred to as “Telephone Company”) shall continue to operate its telephone system and all business incidental to or connected with the conducting of a telephone business system in the City of Jonesboro, State of Arkansas, (herein referred to as “City”). The plant construction and appurtenances used in or incident to the giving of telephone service and to the maintenance of a telephone business and system by the Telephone Company in said City shall remain as not constructed, subject to such changes as may be considered necessary by the City in the exercise of its inherent powers and by the Telephone Company in the conduct of its business, and said Teleph...
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