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discharge by AP&L, its successors and assigns, of all licenses, fees, charges, <br /> ® impositions or taxes of any kind (other than automobile license fees, special <br /> millage taxes, general ad valorem taxes and other general taxes applicable to <br /> all citizens and tax payers) which are now or might in the future be imposed <br /> by the City under authority conferred upon the City by law. In the event such . <br /> other tax or taxes are imposed by the City, the obligation of AP&L set forth <br /> in this Section 9 to pay the City the sum of four and twenty-five hundredths <br /> percent (4.25%) annually of the gross residential and commercial electric rev- <br /> enues shall immediately terminate" . <br /> ISection 3: All other ordinances and parts of ordinances in conflict <br /> herewith are repealed but only to the extent of such conflict. <br /> Section 4: This ordinance being necessary for the immediate perservation <br /> of the health, safety, and welfare of the City, an emergency is hereby de- <br /> clared to exist and this ordinance shall be in full force and effect upon <br /> • passage. <br /> Passed this f C day of f� �; 1987. <br /> APPROVED: <br /> ayor <br /> ATTEST: <br /> �J <br /> City Clerk <br /> The Arkansas Power & Light Company, a corporation, hereby accepts the <br /> above franchise subject to the terms and conditions therein this /.7 1!3 <br /> day of —�!� c f, 1987. <br /> • ' <br /> ARKANSAS POWER & LIGHT COMPANY <br /> 1' <br /> Vice President <br /> • <br /> I <br />