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MM CM Section 1. The Batesville Water Company, Inc. shall make available to the City of Batesville, Arkansas, water service' for fire protection through fire hydrants now located in the streets and alleys of said City or which upon the reasonable request of the City may be located hereafter in such streets and alleys by the Water Company, all to the end that adequate fire protection be provided; and shall furnish such service without charge or cost to the City. Section 2. The City of Batesville does expressly agree that the furnishing by the Water Company of the fire hydrant service to the City shall be in lieu of any and all franchise or other taxes, licenses, charges, fees or impositions of any kind (other than automobile license fees, permit fees for restoration of cuts and excavations of streets and sidewalks, special millage taxes and the general ad valorem taxes) that could be charged, imposed or levied by the City. Section 3. The said Water Company will supply and the City will take and pay for all other water service required by the City in accordance with applicable rate schedules now on file, and as they may in the future be filed and approved by the Arkansas Public Service Commission. All bills for such water consumption by the City shall be rendered monthly, are due upon presentation and are payable within ten days from the date thereof at the Company's office, located in Batesville, Arkansas. Section 4. This ordinance shall be retroactive to January 1, 1959, and upon acceptance of this ordinance by the Bates- ville Water Company, Inc., the said Water Company shall promptly refund to the City all payments made to it by the said City for fire hydrant service since January 1, 1959, and the City of Bates- ville shall likewise refund to Water Company all franchise payments made by Water Company since January 1, 1959•