3236 RESOLUTUION NO. 3 , 236
A RESOLUTION AUTHORIZING TWIN CITY TRANSIT,
INC. , TO INCREASE BUS FARES FROM STEP 17 TO
STEP 21-A, AS SAME APPEAR IN ORDINANCE
11,314, WHICH IS THE BUS FRANCHISE ORDINANCE
CURRENTLY IN EFFECT WITHIN THE CITY OF LITTLE
ROCK; AND FOR OTHER PURPOSES.
WHEREAS evidence has been submitted that Twin City Transit,
Inc. , is operating at a deficit under Step 17 of Schedule of
Fares appearing in Section 22 of Ordinance 11, 314; and
WHEREAS it appears that an increase to Step 21-A would per-
mit an operation within the allowed operating ratio by Twin City
Transit, Inc. ; and
WHEREAS, pending a final determination of the correct rate
of fares to produce the allowed operating ratio, it is the
desire of the Board of Directors of the City of Little Rock to
permit fares to be charged under Step 21-A of Section 22 of
Ordinance 11, 314, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS :
SECTION 1. Subject to all of the provisions and conditions
contained in Ordinance 11,314, Twin City Transit, Inc. , is here-
by authorized to charge fares at the rates established in
Step 21-A of Ordinance 11, 314, as amended, it currently appearing
that such increase is necessary to permit a proper operating
ratio to be realized by the said Twin City Transit, Inc.
SECTION 2. This resolution shall be in full force and
effect from and after its adoption.
ADOPTED: November 16, 1964
ATTEST : G -4- 1---acc. APPROVED: 4:71"1" )6%-44.'"6'41--
City Clerk Mayor