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M Pa -e 2 City that, said payments shall constitrate and be considered as complete pay- ment and dischar.re by the ;rater Company of all license fees, charges, imposi- tions or taxes (other than automobile license fees, special millate taxes and the general ad valorem taxes) which are now and might in the future be imposed by the City under authority conferred upon the City by 1,rv. The ':,ater Conpany shall have the privilege of crediting such sums with any unpaid_ balances duesaid ^Dater Company for ?grater service rendered to said City. Section ? The Uty does hereby expressly reco,,n_i.ze that contemporarzT ,pith the effective date of this Ordinance that the ollater Company will prat in a new rate for fire hydrants in the 1-iitjy of 3atesvil.le, Arkansas, said rate be- ing set forth in Ordinance 110. cJ Ub, :;liter furnished the C ., City fo. purposes other than for fire protection purposes through fire hydrants, shall be be paid by the City in accordance with the applicable rate schedifl , of the '',ater Company now on file and/or :s they may in the future be filed by the "tater Co--- pany and approved by the Den-.rtment of 11ibl.ic T,?t]11tiec of the State of Arkan- as. It is expressly agreed ,nd understood between the City and the ;Fater Co*apany if any licenses, charges, fees. impositions or taxes (other than auto_ mobile license fees, special ma_Ilage taxes, and the ?eneral.ad valorem taxes) be charged., imposed, or levied by the Citxt of Sate-;-ri_l.le in the future, then in such event the rate for fire hydrants set forth in Ordinance No. , -S6 shall terminate and the obligation of the ",rater Comnanv set forth in Section 1, hereof, to Pay the City an annual sum of $1.,272.00 shall immediately terminate. Section 3. Nothing herein contained shall be construed asg� ivino the ;tater Company any rights or privileges in addition to those already enjoyed or owned by said Company, nor shall. it affect any prior or eVi_stinr, rights of the later Comp=tiny to maintain and operate a water plant and distribution system within said City.