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0807 1 ORDINANCE NO. 8 0 7 (#4.0-85) AN ORDINANCE AMENDING ORDINANCES NUMBER 729 AND 761, FIXING AND IMPOSING THE AGGREGATE AMOUNT OF FEES, CH~RGES AND SPECIAL TAXES TO BE PAID THE CITY OF JACKSONVILLE, ARKANSAS, BY ARKANSAS POWER AND LIGHT COMPANY 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 729 and 761 should be amended. as set forth below. SECTION 2. Section 1 of said Ordinance Number 729 and Section 2 of said Ordinance Number 761 are hereby amended to read as follows: "The manufacture, sale, furnishing, transmission, and distribution of electric power and energy by the Power Company within the City is hereby declared to be a special privilege and for such privilege the Power Company shall pay to the City a special tax, charge or imposition as follows: For the year 1986, the Power Company shall pay in monthly installments beginning January 1986, the sum of Two Hundred Twenty- Five Thousand Dollars ($225,000.00). The assessment 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 All ordinances and parts of ordinances in conflict with the provisions of this ordinance; are hereby repealed.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 19th DAY OF VECEMBER , 1985. ( G/~'~~oI ATTEST: ~~. LULA M. LEONARD,~ITY CLERK APPROVE AS TO FORM: /Jd ;;;; of, ~~v-- K~I VAUGHAJ-:-'CI!:' ATTORNEY