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Ord. 0659 09-13-93ORDINANCE NO. 659 AN ORDINANCE OF THE CITY OF PEARLAND, TEXAS, ESTABLISHING AN EARLY PAYMENT DISCOUNT PURSUANT TO CHAPTER 30, SECTION 30-40 OF THE PEARLAND CODE OF ORDINANCES; REPEALING ALL LAWS IN CONFLICT THEREWITH AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: I. The City Council of the City of Pearland, Texas, acting pursuant to authority vested in Chapter 30, Section 30-40 of the Pearland Code of Ordinances, does hereby establish an early payment discount amount for all payments received by the due date, as defined in Section 30-39. All consumers of City utility services who fail to pay by the due date will forfeit the discount and be required to pay the gross amount of the bill, calculated as 110% of the early payment discount amount. II. All ordinances, resolutions, or parts of ordinances or resolutions, in conflict herewith are hereby repealed. That this ordinance shall be effective after its passage and approval upon second and final reading. PASSED and APPROVED on the first eading by the City Council of the City of Pearland, Texas, this a 3 day of , A.D., 1993. C. V. Coppingeyor ATTEST: Pat Jones, City : = retary PASSED, APPROVED and ADOPTED on Second and Fi gal Reading by the City Council of the City of Pearland, Texas, this /3 day of-�--�` A.D. 1993. C. V. Coppingyor ATTEST: Pat Jones, City etary APPROVED AS TO FORM: Lester Rorick, City Attorney