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0"!,TNAN10E NO. AI'1 ORDINANCE FIXING ANT` ESTABT TSHING THE AXR':GAT'� A:.'OU:'T O LI ' `JIlj r FEES, M ' RGF� " j�'B S C "i "' DU'L TI'r' CITY ��: BATS SVIL ri' FR' i BAT�'SVITr E ' " E Tj J: ril ♦J :S1` I i T lu.. J .J L \� u yJ 1.�..J C��TER COTS PA' 17, INC., --ICH i11DUNT "Mi. BE USED, BY THE CITY IN LIEU OF ALL SUCI I TAXES EXCEPTING AD VALCR 2i TA= -C AMB 1'UT01MBIL LICENSES, Yl j AUTHO�'I�II G RaT 1S FOR FIRE HYDRUITS `,Yr) OTHErti 1 U?NICIPAL USES OF ','ATER, AND FOR O T:?EP, PURPOSES. WHEREAS, the Batesville "ater Company, Inc. (hereinafter sometimes referred to as the "Water Company") is duly authorized by franchise ordinance hereto- fore enacted to operate a water r' tint, ^n, r1�t t. ~ on system in the City of Batesville, Arkansas, (hereinafter oomet 1,res ret" --reed to as "City") and said water plant an-! distribution system and appi:rtenances thereto are used in, or incident to, the rendition of water service to the City of Batesville, Arkansas, and the inhabitants thereof, residing in said City, and WEEHE:aS, the Iiiater Company is now occupying the streets and alleys of the for the purpose of operating, maintaining and extending its water service to the City and the inhabitants and the consumers res:�diag in sai�? City, and is supplying to the City water service for fire protection purposes and other municipal uses, and VdIIEI?J,: S, the City is entitled to receive such just and reasonable taxes from the -pater Company, which City might 1 aw-P,illy imr ose, and the Company is en- titled to receive reasonable pa-nnent for servi^es received by City, NOR!,.' IHZHE OF:I, Be it ordained by the Council of the City of Batesville, Arkansas, that Section 1. :'dater. Gompany shall pay to City the stun of X1,272.00 annually, payable quarterly in advance, the first-, quarterly pa•nnent being due on the ef- fective date of this 0rli.nance. It is eypres sly agreed and understood by the