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12573i ORDINANCE NO. 12,573 AN ORDINANCE AMENDING IN PART SECTIONS 2 AND 3 OF ORDINANCE NO. 11,345 TO PROVIDE FOR LEVYING ADDITIONAL PRIVILEGE TAXES TO BE PAID BY SOUTHWESTERN BELL TELEPHONE COMPANY FOR THE YEAR 1972; PROVIDING FOR THE PAYMENT THEREOF; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS the Southwestern Bell Telephone Company (hereinafter sometimes referred to as "telephone company ") is duly authorized by ordinance to operate its telephone system and all business incidental to or connected with the conduct of a telephone business and system in the City of Little Rock all beneficial to the in- habitants thereof residing in said municipality; and WHEREAS, the telephone company is now and will be occupying the streets and alleys of this City for the purpose of operating and maintaining its telephone system and service to the municipality and the inhabitants and customers residing in said municipality; and WHEREAS, the City is entitled to receive such just and reasonable taxes from the telephone company which the City may lawfully impose and telephone company is entitled to pay. NOW THEREFORE BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. In addition to the annual privilege tax paid or to be paid to the City of Little Rock by the Southwestern Bell Telephone Company for the privilege of doing business in the City of Little Rock for the year 1972, as provided for by Section 2, Ordinance No. 11,345, dated February 11, 1963, there is hereby levied and Southwestern Bell Telephone Company shall pay to the City the sum of Four Hundred Twenty -four Thousand, Two Hundred eighty four ($424,284.00) dollars. i a i -2- SECTION 2. Payments'-'to the City by Southwestern Bell Telephone Company for the additional taxes as provided for in Section 1 hereof shall be made monthly by the 15th day of each month covering the preceding calendar month. SECTION 3. The City recognizes and accepts the purposes and results of an Order of the Arkansas Public Service Commission entered on December 10, 1957, in Docket U -21 -81 relating to the treatment by the telephone company of all city special taxes. In so recognizing, the City expects that the said additional taxes, together with cost of collection thereof, provided for by Section 1 hereof, may be passed on to the customers of the telephone company in keeping with the provisions of the said Order of the Arkansas Public Service Commission. SECTION 4. All Ordinances and parts of Ordinances that conflict herewith are hereby repealed. Provided, however, Ordinance 11,345 is repealed only to the extend that same is in direct conflict herewith and nothing herein shall be con- strued to otherwise alter or change the terms or conditions of the present privilege authority under which the telephone company is operating. SECTION 5. It is hereby found by the Board of Directors that there is an urgent need for additional revenues for the City. Therefore, an emergency is declared to exist, and this Ordinance being necessary for the preservation and advancement of the public peace, health and safety, shall be in full force and effect from and after the date of its approval. PASSED: December 1, 1971 ATTEST: Ci y Clerk APPROVED:, Mayo