0891
1-:3
ORDINANCE NO. 8 9
(#15-88)
AN ORDINANCE AMENDING ORDINANCE NUMBER 866 FIXING AND IMPOSING THE
AGGREGATE AMOUNT OF FEES, CHARGES AND SPECIAL TAXES TO BE PAID THE
CITY OF JACKSONVILLE, ARKANSAS, BY ARKANSAS POWER AND LIGHT
COMPANY AND THE METHOD OF PAYMENT THEREOF; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
JACKSONVILLE, ARKANSAS, THAT:
SEC~ION ONE: It is hereby declared that Ordinance Number
866 should be amended as set forth below.
SECTION TWO: Section Two of said Ordinance Number 866 is
hereby am"ended""'-to- read as follows:
"The manufacture, sale, furnishing, transmission and
distribution of electric power and energy by the Arkansas
Power and Light Company within the City is hereby declared
to be a special privilege and for such privilege the
Arkansas Power and Light Company shall pay to the City an
assessment amounting to:
Beginning on January 1, 1989, the franchise tax factor
appearing on Arkansas Power and Light Company bills ren-
dered to customers within the corporate limits of the City
of Jacksonville will be thJtee percent (3 %).
Beginning with the month of February, 1989, Arkansas Power
and Light Company shall pay a monthly installment for the
preceding month, and continuing every month thereafter, the
sum of thltee percent (3 %) of the preceding month's
gross revenues collected from all customers located within
the corporate limits of the City of Jacksonville. payments
shall continue monthly thereafter with payments due on the
twentieth (20th) day of each month.
payments shall continue in succeeding years in the same manner as
described above unless sooner modified."
SECTION THREE: In all other respects, said Ordinances
shall rema'Iil unchanged.
SECTION FOUR: All Ordinances and/or parts of Ordinances
in conflict with the provisions of this Ordinance are hereby
repealed to the extent of said conflict.
SECTION FIVE: This Ordinance shall be in full force and
-"'-.'- ".- .~,--
effect on January 1, 1989.
APPROVED AND ADOPTED THIS
17th DAY OF
NovembeJt
, 1988.
CITY OF JACKSONVILLE, ARKANSAS
ATTEST:
~ J-
BY:Ti~M~~
,"""P. 1- ~<.:J _ 'J
( . '. . -,..~t{ / A " -A-.-.d-- Y'-._.AJ~.
'---L~~-LEONARD,- fTY CLERK -----
APPROVED AS TO FORM: