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0805 5' ORDINANCE NO. 8 0 5 (#38-85) AN ORDINANCE AMENDING ORDINANCES NUMBER 727 AND 759, FIXING AND IMPOSING THE AGGREGATE AMOUNT OF FEES, CHARGES AND SPECIAL TAXES TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS, BY THE GENERAL TELEPHONE COMPANY OF THE SOUTHWEST AND THE METHOD OF PAYMENT THEREOF; DECLARING AN EMERGENCY AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION 1. It is hereby declared that Ordinances Number 727 and 759 should be amended as set forth below. SECTION 2. Section 6 of said Ordinance Number 727 and Section 2 of said Ordinance Number 759 are hereby amended to read as follows: liThe sale, furnishing, transmission and distribution of the telephone service by General Telephone Company within the City is hereby declared to be a special privilege and for such privilege General Telephone Company shall pay to the City an assessment amounting to: For the year 1986, the General Telephone Company of the Southwest shall pay in monthly install- ments beginning January 1986, the sum of One Hundred Fifty Thousand Dollars ($150,000.00). The payments shall continue in succeeding years unless sooner modified." In all other respects, said Ordinances shall remain unchanged. SECTION 3. All ordinances and parts of ordinances in conflict with the provisions of this ordinance are hereby repealed. SECTION 4. It is hereby found by the Jacksonville City Council that there is an urgent need for additional revenues for the City. Therefore, an emergency is declared to exist, and this ordinance being necessary for the preservation and advancement of the public peace, health and safety shall be in full force and effect from and after its passage. APPROVED THIS DAY OF , 1985. JAMES G. REID, MAYOR ATTEST: LULA M. LEONARD, CITY CLERK APPROVED AS TO FORM: KEITH VAUGHAN, CITY ATTORNEY FRANCHISE TAX ~emai~ the ~ame ~ adopted in 1985 60~ 1986 and eaeh yean th~ea6t~ un;til modi6ied by Cay Counc.il, th~e60/te O/tdinanee 8 0 5 i.6 not neeu~a/ty.