ORD NO 38-1974 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. 0-1974
AN ORDINANCE AMENDING ORDINANCE 21 -1971
SETTING PERMIT FEE FOR TV CABLE CORPORATION
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS THAT:
SECTION I. 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 whichever is greater, 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 independently
retained certified public accountant, at any reasonable time the financial records
of the grantee.
SECTION 2. That ordinance No. 33 -1974 is hereby repealed in its entirety.
SECTION 3. That due to the need to raise more revenue and to have the same
i
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.foece and effect from and after its passage, approval and publication.
PASSED AND APPROVED THIS 9th day of December, 1974.
ATTESTED)
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City Clerk Mayor