ORD NO 15-1970 0RDINANCE NO. 15.
AN ORDINANCE PROVIDING AN ANNUAL PRIVILEGE TAX UPON THE
OKLAHOMA GAS AND ELECTRIC COMPANY FOR CARRYING ON BUSINESS
IN THE CTTY..OF VAN BUEN, ARKANSAS, UNDER ITS FRANCHISE,
DECLARING AN EMERGENEY AND FOR OTHER PURPOSES.
BE IT ";RDAINED BY THE CIT'> COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS, That:
SECTI N 1: The Oklahoma 'Gbs and Electric Company which is
conducting or carrying on business in the City of V Buren,
Arkanses, under a franchise shall pay a privilege tax in the
sum o" EIGHTEEN THOUSAND AND NO /100 DOLLARS((')u18,000.00) per
annum and said sum shall be payable on or before the tenth day
of January, 1971, for the calendar year, and a like sum annually
thereafter.
SECTION 2: Said privilege tax shall he 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.
SECTPON 3: As an incident to the privilege hereby taxed
Oklahoma Gas and Electric Company 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.
SECTION 4: All ordinances, or parts of ordinances, or resolu.
tiona, or parts of resolutions of the City of Van Buren,
Arkenas, imposing upon electric companies pole taxes, licenses
or other charges are hereby repealed.
PASSED AND APPROVED THIS 2nd day of November
1970.
Allen R. Tqpthaker S)
MAYOR
ATTEST.
Georau L. Crofton
RECORDER
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