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0761 (09 ORDINANCE NO. 761 AN ORDINANCE AMENDING ORDINANCE NUMBER 729, 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; DECLARING AN EMERGENCY AND FOR OTHER PURPOSES BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION l. It is hereby declared that Ordinance Number 729 should be amended as set forth below. SECTION 2. Section 1 of said Ordinance Number 729 is hereby amended to read as follows: "The manufacture, sale, furnishing, transmission, and distri- bution 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 1985, the Power Company shall pay in monthly installments beginning January 1985, the sum of Two Hundred Twenty-Five Thousand Dollars ($225,000.00) ." In all other respects, said ordinance 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 All ordinances and parts of ordinances in conflict with the provisions of this ordinance are hereby repealed.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 6TH DAY OF VECEMBER 1984. AtrTEST: ~~. LULA'" M. LEONARD, CITY CLERK APPROVED AS TO FORM: ~y:;~ K~TH VAUGHANtJCITY ATTORNEY