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0304 rt ORDINANCE NO. JO AN ORDINANCE FIXING AND IMPOSING AN ADDITIONAL ASSESSMENT TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS BY GENERAL TELEPHONE COMPANY OF THE SOUTHWEST AND THE METHOD OF PAYMENT THEREOF, DECLARING AN gMERGENCY AND FOR OTHER PURPOSES WHEREAS, General Telephone Company of the Southwest (hereafter referred to as "General") is duly authorized to construct, operate, maintain and extend a telephone system and to sell, furnish, transmit and distribute telephone service in the City of Jacksonville, Arkansas (hereafter referred to as "City "), to the City of Jacksonville, Arkansas and to the citizens residing therein; • WHEREAS, General is now providing telephone service to the City and its inhabitants and is occupying the streets, alleys and other public property of the City of Jacksonville, Arkansas, pursuant to said authority; WHEREAS, the City requires additional revenues for payment of increased r salary requirements for City employees and other municipal functions and service and desires to increase the payment of special taxes, charges and assessments paid by General, pursuant to the right of the City to levy such additional assessments, and • WHEREAS, the City recognizes and accepts the purposes and results of . decisions of the Arkansas Public Service Commission and the Arkansas Supreme Court requiring that the charges for service by a utility to customers in the City be adjusted to adequately reflect any additional amounts of assessments imposed by the City in excess of a standard level paid in other municipalities to avoid discrimination among customers of the utility; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: Section 1. The sale, furnishing, transmission and distribution of telephone service by General within the City is hereby declared to be a special privilege and for such privilege General shall pay to the City, in addition to current payments being made to the City in the amount of 4% of gross revenues, an ORD. BOOK PAGE �� • additional sum of Forty Thousand and no /100 Dollars ($40,000.00), payable in approximately equal quarterly installments beginning March 15, 1974. Section 2. All ordinances and parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. Section 3. It is hereby found by the City Council that there is an urgent need for additional revenues for the City. Therefore, an emergency is declared,, to exist, and this ordinance being necessary for the preservation and advancement of the public peace, health, safety and welfare, shall be in full force and effect from and after the date of its approval, retroactive to January 1, 1974. 6 _ APPROVED this /' day of January, 974. f ` � 4r M.yor / ATTEST: City ;G `lerk APP1[0VED AS TO FOflN; 4;,11 1i. 1t1ce® Ci'iy hLiaiie$' 10111.). WOK w ' EiGE a /