ORD NO 04-1964 ORDINANCE NO. 4 -1964
AN ORDINANCE PROVIDING FOR AN INCREASE IN THE ANNUAL PRIVILEGE
TAX FO'H EACH ELECTRIC COMPANY FOR CONDUCTING OR CARRYING ON
BUSINESS IPJ THE CITY OF VAN BUREN, ARKANSAS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS, That:
Section 1. That the annual privilege tax of each electric
power and light company conducting or carrying on business in the
City of Van Buren, Arkansas, be and the same is hereby increased
to the sum of SIX THOUSAND EIGHT HUNDRED SEVENTY FIVE AND NO /100
DOLLARS V4)6,875.00) for the calendar year of 1964 and then
increased to the sum of EIGHT THOUSAND TWO HUNDRED FIFTY AND NO /100
DOLLARS (4u8,250.00) annually from and after December 31, 1964, said
sum to be paid on or before the 10th day of January of each calendar
year, provided the increase effective July 1, 1964 of ONE THOUSAND
THREE HUNDRED SEVENTY FIVE AND NO /100 DOLLARS (So1,375.00) for the
calendar year of 1964 shall be paid on or before the 15th day of
July, 1964.
Section 2. Said occupation tax shall be 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.
Section 3. As an incident to the privilege hereby taxed said
electric power and light companies 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
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or other charges are hereby repealed.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 AND APPROVED THIS 15th day of June, 1964.
Allen R. Toothaker (s)
Attest:
Mayor
Gab L. Crofton (s)
Recorder