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A, « ORDINANCE < 1 AN CRDI MANCE FIXIi�,iG AND ESTABLISHING THE AGGREGATE AM.. Ui,,,T CF LICi SE FEES, Cl -i,' RGES AND SPECIAL TAXES UUE /'- 1'IMSM ;, YRi .)iV► THE 1,,*JDSi._.1UTH GAS COjj;i'ANY, ITS SUCCESS DRS AND ASSIGNS, s%C t-UNT %EF ITS GAS GPER,-TIVINS IN SAID CITY, VrHICH AiVt URT WILL BE: USED BY THE CITY IN LIEU XES EXCEPTING AD VAL,_jREibi Ti',XES AND AUTOiv:L.BILE LICENSES, CF ALL SUCH i, AND F R OTHER PURPOSES. \,vHEREAS, the ieiidSouth Gas Company (hereinafter sometimes referred to as the "Gas Company") is duly authorized by franchise ordinance heretofore enocteg to operate a gas distribution system and appurtenances thereto, used in, or incident to the renuition or gas service to and the inhabitants thereof r -siding in said city, and, WHEREf`,S, the iViidSouth Gas Company is now occupying the straets ano alleys or �.. for the ,purpose or operating, maintoinin;) on: extend- ing its gas servic : '+o the City and the inhabitants ono' consurners rasiuing in said City, and is supplying to the City and consurners therein ;)os service, and, 'WHEREAS, the City is entitled to recaiv� such lis'i and reasonable taxes from the Gas Company which the Citi; may lawfully i;,ipose ong the Gas Company is entitlea to pay. l*-.1LV-r THEREFORE, be it resolved by the Zouncii o► st�st�. , that: Section 1. The Gas Company shrill pay - o t ae?ri the surn of $1 annually for each of ih overage number df customcrf serve uur'►nW;the next ;receding calendar y,eor within the limits of said inunicipaliiy. All su:.h payments shall be paid in January. The tax as herein levieu shall be in lieu of any occupation tax, :iccnse tax, excise tax and any other character of municipal tax or fee ( excepting the: generoi Au Valorem taxes, automobile I icanse fees, anal special i-ni l loge: taxes) which are now and might in the future ba imposed by under authorit; con- ferred upon the laity by law. Section 1. Nlothing herein shall be construed to alter or change the terms or conuitions of the presanr franchise unc;er which the Gas Company is operotin;; . Section ;:. Nothinc; herein shall be construe: to alter or chonga the present roteschedule under which tho Gas Company is now operarin;, except by oru;:r of the Arkansas Public Service Commission or other legally constii•ut;rci bogies. Section 4. All other ordinances, agreements anu parts or ordinances and agreements in conflict with the provisions of this ...rainance are h.:reby repealed. Section This .�rciinance shall remain in effect for a term` of one (i) year ona for suc- cessive perious of one (1) year each unless anu until cancelleci not more than six (,�) months nor less tion three (3) months prior to the expiration of the original term or any anniversary thereof. Section g. Said Gas Company shall have thirty (;;0) days from and after its passage and approval to file its written acceptance of this ...,ruinanco with the City Clerk and upon such acceptance b.:ing filed, this Ordinance shall be consiuered as taking effect and being in force from and after the first day of C� ,PPZOVED THIS I DAY OF t.s ATTE : t� �2 CITY -LE