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0891 1-:3 ORDINANCE NO. 8 9 (#15-88) AN ORDINANCE AMENDING ORDINANCE NUMBER 866 FIXING AND IMPOSING THE AGGREGATE AMOUNT OF FEES, CHARGES AND SPECIAL TAXES TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS, BY ARKANSAS POWER AND LIGHT COMPANY AND THE METHOD OF PAYMENT THEREOF; AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SEC~ION ONE: It is hereby declared that Ordinance Number 866 should be amended as set forth below. SECTION TWO: Section Two of said Ordinance Number 866 is hereby am"ended""'-to- read as follows: "The manufacture, sale, furnishing, transmission and distribution of electric power and energy by the Arkansas Power and Light Company within the City is hereby declared to be a special privilege and for such privilege the Arkansas Power and Light Company shall pay to the City an assessment amounting to: Beginning on January 1, 1989, the franchise tax factor appearing on Arkansas Power and Light Company bills ren- dered to customers within the corporate limits of the City of Jacksonville will be thJtee percent (3 %). Beginning with the month of February, 1989, Arkansas Power and Light Company shall pay a monthly installment for the preceding month, and continuing every month thereafter, the sum of thltee percent (3 %) of the preceding month's gross revenues collected from all customers located within the corporate limits of the City of Jacksonville. payments shall continue monthly thereafter with payments due on the twentieth (20th) day of each month. payments shall continue in succeeding years in the same manner as described above unless sooner modified." SECTION THREE: In all other respects, said Ordinances shall rema'Iil unchanged. SECTION FOUR: All Ordinances and/or parts of Ordinances in conflict with the provisions of this Ordinance are hereby repealed to the extent of said conflict. SECTION FIVE: This Ordinance shall be in full force and -"'-.'- ".- .~,-- effect on January 1, 1989. APPROVED AND ADOPTED THIS 17th DAY OF NovembeJt , 1988. CITY OF JACKSONVILLE, ARKANSAS ATTEST: ~ J- BY:Ti~M~~ ,"""P. 1- ~<.:J _ 'J ( . '. . -,..~t{ / A " -A-.-.d-- Y'-._.AJ~. '---L~~-LEONARD,- fTY CLERK ----- APPROVED AS TO FORM: