ORD NO 05-1962 ORDINANCE NO. 5 -1962
G
AN ORDINANCE FIXING A PRIVILEGE TAX FOR EACH ELECTRIC COMPANY FOR
CONDUCTING OR CARRYING ON AfINESS IN THE CITY OF VAN BUREN, ARKANSAS
DE IT.ORDAINED BY THE CITY COUNCIL CF 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
FIVE THOUSAND AND NO /100 DOLLARS ($5,000.00) annually from and after
December 31, 1961, said sure to be paid on or before the 10th day of
January of each calendar year, provided the increase. of FIVE HUNDRED
AND NO /100 DOLLARS for the calendar year of 1962 shall be
paid an or before the 20th day of Juno, 1962.
SECTION 2. Siad 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. 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 chargus are
hereby.repealed.
PASSED AND APPROVED THIS 4th day of June, 1962.
Allen R. Toothaker (s)
Mayor
Attest:
Geo. L. Crofton (s)
City Clark