O-44-8-63NO.
"AN ORDINANCE IMPOSING AN ADDITIONAL CHARGE
ON TEXAS POWER & LIGHT COMPANY IN AN AMOUNT
EQUALING 2% OF ITS GROSS REVENUES FROM SALE
OF ELECTRICITY FROM INDUSTRIAL, GOVERNMENTAL,
AND MUNICIPAL BUSINESS IN THIS CITY."
WHEREAS, by ordinance dated July 27. 195_, there was granted to
Texas Power & Light Company for a period of 50 years the right, privi-
lege, and franchise to use the streets, alleys, and public places of the
City of nii.. , for the purpose of supplying electricityi and
WHEREAS, said ordinance imposed an annual charge on Texas Power &
Light Company in a sum equal to two percent (2%) of its gross revenues
derived from the sale of electric energy by said Company from its resi-
dential and commercial business conducted within the corporate limits
of said Cityi and
WHEREAS, Texas Power & Light Company has voluntarily offered to
pay a like percentage of its gross revenues derived from its industrial,
governmental, and municipal business conducted within such Cityi
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN
Section 1: In addition to the charge or tax imposed by said
ordinance dated _July 27 1953-, Texas Power & Light Company shall
pay to the City upon the date of acceptance of this ordinance the sum
of $__56.77 and shall hereafter include, in computing its
annual payments of 2% of its gross revenues as specified in the afore-
said ordinance dated July 27. 1953 , 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.
PASSED AND APPROVED this _7 day of _Augut
ATTEST: Mayor
City Secretary
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