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0342 ORDINANCE NO. ,7 /Z AN ORDINANCE FIXING AND IMPOSING AN ADDITIONAL ASSESSMENT TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS, BY ARKANSAS LOUISIANA GAS COMPANY AND THE METHOD OF PAYMENT THEREOF; DECLARING AN EMERGENCY AND FOR OTHER PURPOSES. WHEREAS, Arkansas Louisiana Gas Company is duly authorized to construct, operate,maintain and extend a gas system and to sell, furnish, transmit and distribute natural gas and energy in the City of Jacksonville, Arkansas (hereafter referred to as "City "), to the City of Jacksonville, Arkansas, and to the citizens residing therein; WHEREAS, said Arkansas Louisiana Gas Company is now providing gas service to the City and its inhabitants and is occupying the streets, alleys and other public property of the City of Jacksonville, Arkansas, pur- 1 suant to said authority; WHEREAS, the City requires additional revenues for payment of in- , creased salary requirements for City employees and other municipal func- tions and service and desires to increase the payment of special taxes, charges and assessments paid by the said Arkansas Louisiana Gas Company 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 custo- mers 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 manufacture, sale, furnishing, transmission and dis- tribution of natural gas and energy by Arkansas Louisiana Gas Company within the City is hereby declared to be a special privilege and for such privilege the Arkansas Louisiana Gas Company shall pay to the City, in addition to current payments being made to the City in the form of $2.00 per meter setting, an additional special assessment, tax, charge or impo- Page Two , sition as follows: the company for the year 1975 shall pay an additional sum of Forty Thousand and no/100 Dollars ($40,000.00), payable in approxi- mately equal quarterly installments beginning March 15, 1975. Payments shall continue in succeeding years unless sooner modified. Section 2. All ordinances and parts of ordinances in conflict with the provisions of this ordinance are hereby repealed, including Ordinance No. 303 -A. Section 3. It is hereby found by the City Council that there is an ur- gent 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, 1975. ( �� APPROVED this .5 day of �l�,,�L„ -, ,,� , 1975. „,,,,,._ ,,,,---,, G 7 i / ..;-, ,,,,, ;: III YOR ATTEST: r City Cl API -1;SV D AS TO F1ORII; Ben E. Rice, City ti ”n y ill