555 RES CITY COUNCIL PASSED THIRD AND FINAL READING IN ORD GRANTING TO TX POWER & LIGHT CO A NEW FRANCHISE• 0
REsawTIoN rio. 5 5 5 .
WEEREAS, the City Council of the City of Paris has this day passed on
third and final reading an ordinance granting to the Texas Power & Light Com-
pany a new franchisep granting to said company a franchise for twenty-five
(25) years from the effective date of such ordinance, which franchise provides
for the payment by said company to said City of Paris of a rental charge for
the use of the streetst alleys and public highways of the City of Parisp as
therein set outp in the amount of two per cent (2%) of the gross revenue re-
ceived by said Texas Power & Light Company frora the sale of energy from resi-
dential and commercial business conducted within the City of Paris under such
franchise; and,
WHEREAS, on June 13, 1949, the City of Paris and said Texas Fbwer &
Light Company entered into an agreement providing for the payment of a street
rentalp which agreement should now be cancelled concurrent with the effective
date of such new franchise because of such provision therein made for payment
of rentals asaforesaid:
NOW, TEEREFORE 9 BE IT RESOLVED that the Texas Fbwer & Light Company
rental contract entered into between the Texas Power & Light Company and the
City of Paris, Texasg dated June 13, 1949, be, and the same is hereby cancelled
as of the effective date of said franchise ordinance passed and adopted this
8th day of Februaryp 19549 and said contract and agreement shall be of no fur-
ther force and effect from and after such effective date of such ordinance.
Passed this 8th day of Februazy, 1954.
Mayor
ATTES T s
City Clerk.