ORD NO 32-1974 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO.-3 2-- -1974
AN ORDINANCE PROVIDING AN ANNUAL PRIVILEGE TAX UPON 971E ARKANSAS VALLEY
ELECTRIC CO -OP, INCORPORATED FOR CARRYING ON BUSINESS IN THE CITY OF VAN
BUREN, ARKANSAS, UNDER ITS FRANCHISE, DECLARING AN EMERGENCY AND FOR OTHER
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS, THAT:
SECTION 1. The Arkansas Valley Electric Co -op, Incorporated, which
is conducting or carrying on business in the City of Van 'Buren, Arkansas
shall pay Five Percent (5 of the monthly revenue received by the said
Arkansas Valley Electric Co-op, incorporated. The said amount will be paid
by the Arkansas Valley Electric Co-op, Incorporated by the first day of February
for the month of January 1975, and monthly thereafter.
SECTION 2. Said Five Percent (5 shall be paid in lieu of all other
taxes, licenses, charges, fees or impositions except general or special ad valorem
taxes which might be lawfully imposed by the City.
SECTION 3. As an incident to the privilege hereby taxed the Arkansas Valley
Electric Co -op, Incorporated shall have the right to occupy present or future
streets, highways, alleys, or other public ways of the aforesaid municipality for
the purpose of carrying on its said business, subject to Ordinance 21 -1973.
SECTION 4. All ordinances, or parts of ordinances, or resolutions, or parts
of resolutions of the City of Van Buren, Arkansas, imposing upon electric companies'
pole taxes, licenses or other charges are hereby repealed.
SECTOPM 5. Should any portion•of this ordinance be Unconstitutitional
or invalid and so declared by a court of competent jurisdiction, then the remainder
of this ordinance shall not be affected by such partial invalidity.
SECTION 6. That due to the need to raise more revenue, and to have the same
in effect January 1, 1975, an emergency therefore is declared and the Ordinance
being necessary for the preservation of the public peace, health and safety shall
be in full force and effect from and after its passage, approval and publication.
fe PASSED AND APPROVED THIS llth Day of November, 1974.
ATTESTED:
City Clerk Mayor