Loading...
0183 • 7 AN ORDINANCE AUTHORIZING MAYOR AND CITY CIERK TO ALTER TERMS OF CONTRACT WITH ARKANSAS POWER AND LIGHT COMPANY AUTHORIZED UNDER ORDINANCE NO. 175. WHEREAS, Arkansas Power & Light Company's Municipal Street Light Service Rate Schedule Ll has been revised since the adoption of Ordinance No. 175; and WHEREAS, Said revision now provides a reduction in the term of contract from five years to one year, with automatic year to year renewals, unless terminated by written notice as provided therein; and WHEREAS, the City Council of the City of Jacksonville, Arkansas, did on the 6th day of July 1966, authorize the execution of the original contract by the Mayor and City Clerk for a period of five year$; and WHEREAS, the reduction from a term of five years to one year is a material variance from the authority given in Ordinance 175; and WHEREAS, it is now necessary to authorize the Mayor and City Clerk to amend the original agreement referred to in Ordinance No. 175; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL that the Mayor and City Clerk be and they are hereby authorized, em- powered and directed to make and enter into a contract for and on behalf of the City of Jacksonville with the Arkansas Power & Light Company, which contract shall be substantially the same as that authorized by Ordinance No. 175, and executed on the 7th day of July, 1966; except that Section 8 of said Agreement shall have the following wording: "8. The term of the agreement shall be from July 7, 1966, to July 7, 1967, and shall be auto- matically extended for successive periods of one year each antil terminated by written notice given by one party to the other not more than six months, nor less than three months, prior to the expiration of the original term or any extension thereof." That a copy of the letter altering the terms of the Agreement shall be attached hereto and made a part hereof. PASSED this 1st day of December, A.D., 1966. APPROVED MAYOR ATTEST: C Cif ERK