ORD NO 17-1967 ORDINANCE NO. 17 -1967
AN ORDINANCE PROVIDING AN ANNUAL PRIVILEGE TAX UPON THE
OKLAHOMA GAS AND ELECTRIC COMPANY FOR CARRING ON BUSINESS IN THE
CITY OF VAN BUHEN, ARKANSAS, UNDER ITS FRANCHISE, DECLARING AN
EMERGENCY AND FOR OTHER PURPOSES.
HE IT ORDAINED DY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
hRKAN51,5, That;
Section 1. The Cklahuma Gas and Electric Company which is con
ducting or carrying un business in the city of Van Buren, Arkansas,
under_a franchise shall pay a privilege tart to the sum of Thirteen
Thousand and No /100 Dollars (213,000.00) per annum and said sum
shall be payable un ur before the tenth day of January 1968 fur the
calendar year, and a like sum annually thereafter,
Section 2. Said privilege tax shall be paid in lieu of. all
uther taxes, licenses, charges, fees or impusitiuns 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
Oklahoma Gas and Electric Company shall have the right to occupy
CO present or future streets, highways, alleys, ur other public ways e
of the aforesaid municipality fur the purpose of carrying on its"
said business,
Section 4. All ordinances, or parts of ordinances, ur
resolutions ur parts of resclutiuns of the City cf Van Buren,
Arkansas, imposing upon electric companies pule taxes, licenses cr
other charges are hereby repealed.
Passed and approved this 4th day of December, 1967.
Allan R. Tuuthaker (s)
Mayor
Attest:
Gee L Crofton (s)
City Clerk