ORD NO 02-1974 J
ORDINANCE NO. 2/� /2" 7/
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AN ORDINANCE PROVIDING AN ANNUAL PRIVILEGE TAX UPON THE OKLAHOMA !I
M ELECTRIC COMPANY FOR CARRYING ON BUSINESS IN THE CITY OF VAN BUREN, ii
ARKANSAS, UNDER ITS FRANCHISE, DECLARING AN EMERGENCY AND FOR OTHER Ii
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN ARKANSAS That: it
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SECTION 1; The Oklahoma Electric Company which is conducting or carrying
on business in the City of Van Buren Arkansas, under a franchise shall pay a
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privilege tax in the sum of TWENTY SEVEN THOUSAND AND NO /100 DOLLARS
($27,000.00) per annum and said sum shall be payable on or before the tenth day !I
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of January 1974, for the calendar year, and a like sum annually thereafter.
SECTION 2; Said privilege tax shall be paid in lieu of all other taxes, licenses, I'
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charges, fees or impositions except general or special ad valorem taxes which
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might be lawfully imposed by the City.
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SECTION 3; ,As an incident to the privilege hereby taxed Oklahoma u>?t Electric I
Company shall have the right to occupy present or future streets, highways,
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alleys, or other public ways of the aforesaid municipality for the purpose
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of carrying on its said business.
SECTION 4: All ordinances, or parts of ordinances, or resolutions, or parts
of resolutions of the City of Van Buren Arkansas, imposing upon electric I.
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companies pole taxes, licenses or other charges ar- ereby repealed.
PASSED AND APPROVED THIS' /y DAY 0' 1974.
MA OR
ATTEST: I
RECORDER I i
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