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INTRODUCED BY COUNCILMEMBER ADAMS <br /> ORDINANCE NO. 5546 <br /> BILL NO. 7750 <br /> AN ORDINANCE TO RETAIN THE GROSS RECEIPT TAX IMPOSED <br /> UPON UNION ELECTRIC COMPANY, PROVIDING A PENALTY. <br /> WHEREAS, the General Assembly of the State of Missouri enacted <br /> in its 1985 Session House Bill Number 200 repealing and enacting a new <br /> §393.275 RS no; and <br /> W1E%I,AS, by authority of this law the City can maintain gross <br /> receipt tax that it imposes upon Union Electric Company; and <br /> WHEREAS, .the City has been notified by the Missouri Public <br /> Service Commission under the authority of §393.275 RS- MO that said <br /> corporation has received a tariff increase in excess of 7 percent; and <br /> WHEREAS, it is necessary for the continued operation of the <br /> City that the municipal gross receipt tax upon said company be maintained <br /> at its present rate. <br /> BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, <br /> MISSOURI, AS FOLLOWS: <br /> Section 1. That the City of University City, in order to main- <br /> tain its sources of revenue at its historical level, hereby determines to <br /> maintain the 9 percent gross receipt tax against the Union Electric <br /> Company. <br /> Section 2. The City Clerk is hereby directed to send a copy of <br /> this ordinance to the Union Electric Company and to the Public Service <br /> Commission. <br /> Section 3. Any person, firm or corporation violating any of <br /> the provision,; of this ordinance, shall, upon conviction thereof, be <br /> ed in Chapter 1, Section 1-8 of the <br /> subject to the penalty provid <br /> Municipal Code of the City of University City• <br /> Section 4. This ordinance shall take effect and be in force <br /> from and after its passage as provided by law. <br /> PASSED this _7th day of Lull <br /> 1986. <br /> MA 0 <br /> ATTEST: <br /> CITY CLERK <br /> CERTIFIED TO BE CORRECT AS TO FORM: <br /> CI AT tJEY <br />