ORD NO 33-1974 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO.-Z/
AN ORDIANCE AMENDING ORDINANCE 1l 21- :1.971
BE IT ORDAINED BY THE CITY COUNCIL OF 191E CITY OF VAN BUREN, ARKANSAS THAT:
SECTION 1. That Section 6 b of Ordinance Number 21 -1971 is amended
as follows:
SECTION 6. The rights, privilege and authority granted in this ordinance
are upon the following terms and conditions:
b. Commencing January 1, 1975, and each year thereafter, as a permit fee
and as compensation for the rights and privileges enjoyed hereunder, especially the
right to use the streets, alleys, bridges and other public places of the City, the
grantee shall pay to the City a sum of Two Hundred Dollars ($200.00) or a sum
in the amount of Five Percent (5 of the annual gross revenues received by the
grantee from the operation of said community antenna system exclusive of installation
charges, for the previous fiscal year. Said sum shall be paid annually on or before
the 15th day of March of each year based upon the grantee's prior fiscal year.
On or before the 31st day of January of each year, the grantee shall file
with the City Clerk a copy of a financial statement prepared by a certified public
accountant reporting the gross revenues of the grantee for the prior fiscal year.
The City shall have the right to inspect, either by its employees or by an independent].)
retained certified public accountant, at any reasonable time the financial records
of the grantee.
PASSED AND APPROVED THIS llth day of November, 1974
ATTESTED:
4. LLI
C ity Clerk Mayor