HomeMy WebLinkAbout20-55 RESOLUTIONRESOLUTION NO.
"A RESOLUTION AUTHORIZING A CONTRACT BETWEEN THE
CITY OF FAYETTEVILLE, AND ARKANSAS WESTERN GAS
COMPANY EXEMPTING ARKANSAS WESTERN GAS COMPANY
FROM PAYMENT OF CERTAIN PRIVILEGE OR OCCUPATION
TAXES AND PROVIDING FOR PAYMENTS IN LIEU THEREOF
FROM ARKANSAS WESTERN GAS COMPANY TO THE CITY OF
FAYETTEVILLE."
•
"Whereas, the Arkansas Western Gas Company holds a franchise
granted by the City of Fayetteville granting the right and privilege
to lay gas mains along the streets, alleys, avenues, roads and high-
ways and other public places of the said City for the purpose of
distributing and selling natural gas to the inhabitants of said City
and for other purposes; and
Whereas, the said Arkansas Western Gas Company has offered to
enter into a proposed contract, to be dated October 24, 1955, with
the city calling for the Company to pay to the City two (2%) per cent
of its sales of natural gas to domestic and commercial consumers within
the city limits which is to be in place of andin lieu of any and all
occupation taxes, meter taxes, privilege taxes, street and alley rentals
of whatever kind or nature (except general and ad valorem taxes) now in
effect or hereafter put into effect by the said city of Fayetteville,
Washington County, Arkansas; and
Whereas, the City Council of the City of Fayetteville, Washing-
ton County, Arkansas, has determined that it will be in the best interest
of the said City to accept the terms and enter into the said contract,
and that upon payment of the sum called for in the said contract that
it will be fair, just and equitable that such sum be accepted in lieu
of payment by the Company of any and all occupation taxes, meter taxes,
privilege taxes, street and alley rentals, and any and all other levies
and taxes of whatsoever kind, nature or character (except general and ad
valorem taxes) for the life of the said contract and any renewals thereof.
Now, Therefore, Be It and It is Hereby Resolved by the City
Council of the City of Fayetteville, Washington County, Arkansas, as
follows, to wit:
That the Mayor and Clerk of the said City be and they are hereby
authorized and instructed to execute and enter into the aforementioned
contract on behalf of the City of Fayetteville, Washington County, Ark-
ansas.
That the Arkansas Western Gas Company be and it is hereby exempted
from and relieved of paying any and all occupation taxes, meter taxes,
privilege taxes, street and alley rentals, and any and all other levies and
taxes of whatever kind or nature (except general and ad valorem taxes) now
in effect or hereafter enacted by the City of Fayetteville, Washington
County, Arkansas, during the existence of the hereinabove mentioned contract
or any renewals thereof."
ATTEST APPROVED
/ 91. #€%;
City Clerk
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