HomeMy WebLinkAboutResolution - 013156D - Franchise Tax - Lubbock Bus Company - 1_10 Or 1% Of Annual Gross Receipts - 01_31_1956 RESOLUTION
Copy ,of thi
Resolution
ma S le'd t o W H E R EA 5, the City Commis s ion of the C ity of Lubbock has
Albert= Fo duly considered the application of the Lubbock Bus Company to amend
i tenberrp f its franchise, and the City Commission has given due and reasonable
Lubbock Bu3 consideration of the benefit to the public the net earnings and/or losses
Co. ,2-2-56 of the grantee as reflected by monthly statements herein provided for,
the value of the franchise and further consideration given to the fact
that the gross receipts franchise tax has heretofore been wholly sus-
pended; and,
authorized
by Ord, 180 WHEREAS, said franchise has been amended to permit the Com-
mission to reimpose and reinstate all or any part of the two per cent(2%)
gross receipts franchise tax heretofore provided for, and the Commis-
sion finds that in the public interest a portion of such gross receipts
franchise tax should be reimposed and reinstated; NOW,THEREFORE,
BE IT RESOLVED BY THE. CITY: COMMISSION OF THE, CITY OF LUBBOCK
THAT there is hereby reimposed ,and "reinstated within the provisions
of the Lubbock Bus Com anyts 1F'ra.ucchisei'.61rane his e tax of one-tenth
(1/10) of one per cent'(,% of the annual gross receipts of the Lubbock Bus
Company received by it from its operations on the streets„ alleys and
thoroughfares of the City of Lubbock, to be effective September b, 1955,
and payable quarterly as provided. by Ordinance No. 703, and amend-
ments, 'if any.
This resolution shall remain in full force and effect and the franchise
tax herein provided for shall be paid by.the Lubbock.Bus Company until
said tax is duly increased or decreased by the Commission's resolution
duly passed.
Passed by unanimous vote of the City Commission this 1st day of
January
I Zueezzlzi
,M L R. P, Mayor
ATT EST: kl"we
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La.ve�ia Lowe, 6ty,Secretary-Treasurer
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1031.5if)r)
City -• * -* 12, /955
Mort, FortenberryLu #' # iF;f•.. Company
Lubbock, Teams
D . Fortenbanyt
There is enclo herewith elopy -, ., to
am Company franchise codes
that - 7 pay the City 1/10 this
The City 0.; .. ss authorised this
$ "mto be pebliea _ ant was published December
and December 259 19559 ` _: publicationsare r aired
• as set * , 4 -, 9 c mill be presented
to the Cif -. passage, on IP- 9 1955 and
Jarseary 129196. The advertisement as given
us by the Lubbock o -
677 words at twelve cents per word9 enivirig a total cost„
as quoted' to us, of $81,244 vikich,you agreed to pay in
your letter dated December , 1955.
get,mi.Akw:
There is also enclosed herewith a copy of proPosed resolutim
*doh s been burnished me by the City Attorney,. idierein
it states t x4 ,... # 19559 ;:
Company pad- the City a franchise tax of ./1 a
the annw41 gross receipts. Under the direction of City Y
Atterrey, this woposed resolution Al/ be Fr o
the_4 0-omission for consideration on 269 1 560 8:
These copies are being finished you for ycatr information.
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