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• <br />• Regular Meeting 5/3/76 4 <br />10. CONSIDER APPROVING ORDINANCE N0. 1036 - HOUSTON LIGHTING & POWER <br />COMPANY RATES - After the proposed ordinance was read in full, <br />motion by Commissioner Love, seconded by Commissioner Cline <br />to approve Ordinance No. 1036 as read. Motion carried by the <br />following vote: <br />AYES: Commissioners Love, Cline, and Simons. <br />NAYS: None. <br />CAPTION: AN ORDINANCE OF THE CITY OF LA PORTE, ADOPTING AND <br />APPROVING THE RATE SCHEDULES TO BE KNOWN AS RS-l, MGS-1, AND <br />RIDERS FC AND COS, AS SET FORTH IN EXHIBITS "A" THROUGH "E", <br />BOTH INCLUSIVE, AS ATTACHED HERETO AND MADE A PART HEREOF BY <br />REFERENCE; AND PROVIDING FOR AN EFFECTIVE DATE FOR SUCH RATES. <br />+ + + <br />11. CONSIDER APPROVING ORDINANCE N0. 1037 - SOUTHWESTERN BELL <br />TELEPHONE COMPANY RATES - After the proposed ordinance was <br />• read in full, motion by Commissioner Simons, seconded by <br />Commissioner Cline that the ordinance be approved as read. <br />After further discussion, motion by Commissioner Simons, <br />seconded by Commissioner Cline to amend the motion. Motion <br />carried unanimously. <br />Motion by Commissioner Simons, seconded by Commissioner <br />Cline to approve Ordinance No. 1037, after deleting the <br />second paragraph,"WHEREAS, the City Commission has duly <br />considered said application and is of the opinion that the <br />local exchange rates being charged by Southwestern Bell <br />Telephone Company under Ordinance No. 1005 do not yield <br />a fair return on the fair value of the Company's property <br />used and useful in rendering its service to the public". <br />Motion carried by the following vote: <br />AYES: Commissioners Love, Cline, and Simons. <br />NAYS: None. <br />CAPTION: AN ORDINANCE PRESCRIBING RATES AND CHARGES FOR <br />LOCAL EXCHANGE TELEPHONE SERVICE FURNISHED BY SOUTHWESTERN <br />BELL TELEPHONE COMPANY; MAKING CERTAIN FINDINGS RELATED <br />THERETO; REPEALING PRIOR RATE ORDINANCES; PROVIDING A <br />SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE HEREOF. <br />• + + + <br />