1637 ORD IMPOSING ADDITIONAL CHARGE ON TX POWER & LIGHT COORDINANC E NO, 16 3 7 ,
"AN ORDINANCE IMPOSING AN ADDITIONAL CHARGE ON
T EXAS PC?W ER & LIGHT COMPANY IN AN AM4UNT
EQUALING 2% OF ITS GROSS REVENUES FROM SALE
OF ELECTRICITY FROM INDUSTRIAL, GOVERNMENTAL,
AND MUNICIPAL BU5INESS IN THIS CITY. "
WHEREAS, by ordinance dated February 8, 1954, there was granted to
Texas Power & Light Company for a period of 25 years the right, privilege,
and franchise to use the streets, alleys, and public places of the City of
Paris, for the purpose of supplying electricity; and
WHER.EAS, said ordinance imposed an annual charge on Texas Power &
Light Company in a sum equal to two percent (2°jo) of its gross revenues de-
rived from the sale of electric energy by said Company from its residential
and commercial business conducted within the corporate limits of said City;
and
WHEREAS, Texas Power 8r Light Company has voluntarily offered to pay
a like percentage of its gross revenues derived from it.s industrial, govern-
mental, and municipal business conducted within such City;
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS:
Section 1. In addition to the charge or tax imposed by said ordinance
dated February 8, 1954, Tex.as Power & Light Company shall pay to the City
upon the date of acceptance of this ordinance the sum of $4, 359. 11 and shall
hereafter include, in computing its annual payments of 2% of its gross reve-
nues as specified in the aforesaid ordinance dated February 8, 1954, its gross
revenues derived from its industrial, governmental and municipal business
conducted within such City.
Section 2. This ordinance shall be effective from and after its passage.
PA5SED AND APPROVED this 12th day of August, 1963.
~ Mayo r ~
ATTFST:
7 /
City Clerk
APPROYED AS TO FORM:
Cit-y Attorney.~
,