OR 63-33 TX Power & Light Co. Taxation ORDINANCE NO. 10.1
"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 May 14, 1956 , there was granted to
Texas Power & Light Company for a period of 35 years the right, privi-
lege, and franchise to use the streets, alleys, and public places of
City of Coppell, for the purpose of supplying electricity; 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 City; 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 City;
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
Section 1: In addition to the charge or tax imposed by said
ordinance dated MI~lg~ , Texas Power & Light Company shall
pay to the City upon the date of acceptance of this ordinance the sum
of $ 38e36 and shall hereafter include, in computing its
annual payments of 2% of its gross revenues as specified in the afore-
laid ordinance dated Ml~~ , its gross revenues derived
conducted
from its industrial, governmental and municipal business
within such City.
2. This ordinance shall be
Section
passage.
PASSED AND APPROVED this
ATTEST I
~C_~4/A'6'. Ci XS~etary
effective from and after its
day of ~ , 1963
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