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AN ORDINANCE AMENDING IN PART ORDINANCE NO. 1749 TO PROVIDE FOR LEVYING A FRANCHISE FEE TO BE PAID BY CENTERPOINT ENERGY ARKLA FOR THE YEAR 2006; PROVIDING FOR THE PAYMENT THEREOF.
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WHEREAS, Centerpoint Energy Arkla (the gas company) is authorized by franchise ordinance 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 (the city) and the inhabitants residing therein; and
WHEREAS, the Gas Company is now and will be occupying the streets, alleys and rights of way of the City for the purpose of operating, maintaining, and extending its gas services to the City and supplying the City and consumers therein gas service, and
WHEREAS, the City is legally authorized to impose, and the Gas Company is obligated to pay a just and reasonable franchise fee in connection with the operations in the City.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas, that:
SECTION 1: Section 1 of Ordinance No.1749 as amended, is amended to read as follows:
For the year 2006 and thereafter, Centerpoint Energy Arkla (the Gas Company) shall on a monthly basis pay a franchise fee in an amount equal to four and quarter % (4.25) of the Gas Company’s gross revenues as paid to it during the calendar year 2006 and each year thereafter, by all of its customers, including but not limited to industrial, residential and commercial customers located within the corporate city limits of the City of Jonesboro. The auditor of the Gas Company shall certify said gross revenues.
SECTION 2: Payments to the City by Centerpoint Energy Arkla of the amounts as provided for in Section 1 hereof shall be made by the15th day of each month following collection.
SECTION 3: All ordinances and parts of ordinances that conflict herewith repealed; provided, however, only to the extent that the same are in direct conflict herewith. Except as provided nothing herein shall ...
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