ORD NO 25-1969 ORDINANCE NO. 25 -1969
AN .ORDINANCE PROVIDING AN ANNUAL PRIVILEGE TAX UPON THE
OKLAHOMA ELECTRIC COMPANY FOR CARRYING ON BUSINESS INi
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 Oklahoma Electric Company which is conducting
or' carrying on business in the City of Van Buren, Arkansas;
under a franchise shall pay a privilege tax in the sum of
FIFTEEN THOUSAND FIVE HUNDRED AND NO /100 ($15,500.00) per annum
and said sum shall be payable on or before the tenth day of
0 January, 1970, 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, charges, fees or impositions except;
general or special ad valorem taxes which might lawfully be imposed
by the City.
SECTION .j. .,As an incident to the privilege hereby taxed Oklahoma
Electric Company shall have the right to uccupy present or future
0 struts, highways, alleys, or other public ways of the aforesaid
municipality for the purpose of c_rrying on its said business.
SECTION 4. All ordinances, ur 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charges are hereby repealed.
PASSED i',IND APPROVED THIS Ord day of November, 1969.
Allan R. Tocthaker (s)
Maycr
Attest
Geo L Crufton (s)
'City Clerk