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ORDINANCE NO. 15,755
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AN ORDINANCE AMENDING IN PART
ORDINANCE NO. 11,366 TO PROVIDE FOR
LEVYING A FRANCHISE FEE TO BE PAID
BY ARKANSAS LOUISIANA GAS COMPANY
FOR THE YEAR 1990; PROVIDING FOR
THE PAYMENT THEREOF.
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 Little Rock, Arkansas (hereinafter
referred to as "the City ") and the inhabitants thereof residing
in said municipality; 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
municipality and supplying the municipality and consumers
therein gas service; and
WHEREAS, the City is entitled to receive such just and
reasonable fees from the Gas Company for such use, which the
City may lawfully impose and the Gas Company is obligated to
pay.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS;
SECTION 1: Section 1 of Ordinance No. 11,366, as
amended, is amended to read as follows:
For the year 1990, the Gas Company shall on a
monthly basis pay an amount equal to five and
two- tenths percent (5.2 %) of the Gas Company's
gross revenues as paid to it during the calendar
year 1990 by all of its customers, including but
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353
not limited to industrial, residential and
commercial customers located within the corporate
limits of the City of Little Rock or the sum of
Two Million Three Hundred Thousand Dollars
($2,300,000) per year, whichever is greater. Said
gross revenues shall be certified by an officer
of the Gas Company.
SECTION 2: Payments to the City by Arkansas Louisiana
Gas Company of the amounts as provided for in Section 1 hereof
shall be made monthly payable by the 15th of each month.
SECTION 3: All ordinances and parts of ordinances that
conflict herewith are hereby repealed; provided, however, only
to the extent that the same are in direct conflict herewith.
Except as provided, nothing herein shall be construed to alter
or change the terms or conditions of the present franchise under
which the Gas Company is operating.
SECTION 4: This ordinance shall be in effect on and
after January 1., 199.0_. _
PASSED: October 3, 1989
ATTEST:
Q4 a2
CI((Y CLERK '�AE CZECH
APPROVED A TO FORM
/ 3
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MARK STODOLA, CITY ATTORNEY
APPROVED:
U
MAYOR FiAD G. "BUDD Y" VILLINES