HomeMy WebLinkAbout14151ORDINANCE 140. 14,151
AN ORDINANCE AMENDING IN PART SECTIONS 1
AND 2 OF ORDI14ANCE NO. 11366 TO PROVIDE FOR
LEVYING ADDITIONAL PRIVILEGE TAX TO BE
PAID BY ARKANSAS LOUISIANA GAS COMPANY FOR
THE YEAR 1982; PROVIDING FOR THE PAYMENT
THEREOF; DECLARING AN EMERGENCY AND FOR
OTHER PURPOSES.
WHEREAS, the Arkansas Louisiana Gas Company (here-
inafter 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 and the inhabitants thereof residing in said municipal-
ity; and
WHEREAS, the Gas Company is now or will be occupying
the streets and alleys of this City for the purpose of operating,
maintaining and extending, its gas service to the municipal-
ity 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.
WHEREAS, that portion of the City revenues derived
from the three -mill county road tax is no longer available to
the City.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. The sale, furnishing, transmission and
distribution of gas and energy by the ARKLA Gas Company within
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the City is hereby declared to be a• special privilege and for
such privilege the Gas Company shall pay to the City a special
tax, charge or imposition, as follows:
For the year 1982 the Gas Company shall pay
in equal monthly installments beginning
January 1982, the sum of Two Million Dollars
($2,000,000.00) or an amount equal to five and
two - tenths (5.2 %) percent of the Gas Company's
gross residential, commercial and industrial
gas revenues as paid to it during the calen-
dar year 1982 by industrial, residential and
commercial customers located within the
corporate limits of the City of Little Rock,
whichever is greater.
Section 2. Payments to the City by Arkansas
Louisiana Gas Company for the net additional taxes as
provided for in Section 1 hereof shall be made monthly
by the 15th of each month.
Section 3. All ordinances and parts of ordinances
that conflict herewith are hereby repealed. Provided,
however, Ordinance No. 11366 of the City of Little Rock
is repealed only to the extent that the same is in
direct conflict herewith and nothing herein shall be
construed to alter or change the terms of conditions
of the present franchise under which the gas company
is operating.
Section 4. 14HEREAS there is a great need for
revenues in the City of Little Rock, Arkansas to carry
on necessary public service; and whereas such additional
taxes are necessary in order to provide additional funds
for necessary municipal purposes and it is necessary
that this Ordinance shall become effective immediately
in order to provide additional funds for necessary
municipal purposes and it is necessary that this Ordinance
shall become effective immediately in order to provide
for the prompt computation and collection of said taxes;
therefore, an emergency is hereby declared to exist and
this Ordinance being necessary for the immediate protec-
tion of the public peace, health and safety shall take
effect immediately upon its passage and approval.
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PASSED: November 3, 1981
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