12411OIIDIN� NCE NO a 12,411
L'•i? 01., sINANCF: X,.v1 :NDINC IN ?'ART SFCTION 1 and 2
1 J J)Ik- !ANCF• N0. 11,366 TO V OVIOI,. 0` LFIVYT� ?r'
!'� IVILEGE Tt ). TO BE P,AID BY j', 1" 1!N?�
LOUI'_Jt NA GA,' -) COMPANY FOR THE YE, /.R 1971;
1.0V I DING FOR THE PAYMENT THEREOF; DECLARING
AN F;MERGL:NCY; AND FOR OTHER PURPOSES:
WHEREAS, the Arkansas Louisiana Gas Company (hereinafter
sometimes referred to as "Gas Company ") is or will be duly author-
ized 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, 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 BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. In addition to the annual franchise or
privilege tax to be paid to the City of Little Rock by Arkansas
Louisiana Gas Company for the privilege of doing business in the
City of Little Rock, Arkansas for the year 1971, as provided for by
Section 1, Ordinance No. 11,366 dated March 4, 1963, there is hereby
levied and Arkansas Louisiana Gas Company shall pay to the City the
sum of Three Hundred Four Thousand Five Hundred Nine and no /100 dollars
($304,509.00) for the year 1971 as an annual franchise or privilege tax.
SECTION 2. Payment to the City by Arkansas Louisiana Gas
Company for the additional taxes as provided for in Section 1 hereof
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shall be made monthly by the 15th day of each month covering the
preceeding calendar month.
SECTION 3. Pursuant to authority of an Order of the
Arkansas Public Service Commission relating to and approving a
formula for computation of municipal taxes which may be considered
a part of the rate structure for the Arkansas Louisiana Gas Com-
pany which rate was fixed by said Order at Two ($2.00) dollars per
meter per year, the City hereby recognizes and expects that the
Arkansas Louisiana Gas Company will cause the additional taxes
levied in Section 1 hereof together with collection costs to be
passed on to its customers within the City of Little Rock. Such
additional charges may be reflected on monthly statements as "City
Taxes ".
SECTION 4. All Ordinances and parts of Ordinances that
conflict herewith are hereby repealed Provided, however, Ordi.n-
ance No. 11,366 of the City of Little 'lock is repealed only to the
extent that same is in direct conflict herewith and 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 5. Whereas there is a great need for revenues
in the City of Little Rock, Arkansas, to carry on necessary public
service; and, whereas the Arkansas Public Service Commission has
approved a standard formula for computation of municipal Occupation
(license, franchise, or other special city) Taxes in the amount of
$2.00 per meter, per year, based on the average number of meters, and
whereas under such formula any additional such tax will be passed on
by the Gas Company to its customers in said municipality, together
with costs of collection; and whereas such additional taxes are
necessary in order to provide additional funds for necessary munici-
pal purposes and it is necessary that this Ordinance shall become
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effective immediately in order to provide for the prompt computation
and collection of said taxes; therefore, an emergency is hereby de-
clared to exist and this Ordinance being necessary for the immediate
protection of the public peace, health and safety shall take effect
immediately upon its passage and approval.
PASSED: November 18, 1970
ATTEST: APPROVED: qi '
City Cle k Mayor