[R.O. 2014 §725.010; Ord. No. 164 §§5 — 6, 5-25-1965]
A.
On
or before the fifteenth (15th) day of January in each and every year
hereafter, the Grantee shall pay to the municipality in cash an amount
equal to three percent (3%) of the aggregate sum received by the Grantee
during the six (6) months ending with the thirty-first (31st) day
of December of the previous calendar year, for electric energy furnished
under the Grantee's rate schedule for gross City revenue service to
residential and commercial customers and excluding industrial customers
within the corporate limits of the municipality, and that on or before
the fifteenth (15th) day of July in each and every year hereafter,
the Grantee shall pay to the municipality in cash three percent (3%)
of the aggregate sum received by the Grantee, during the six (6) months
ending with the thirtieth (30th) day of June of the year in which
such payment is made, for such electric energy furnished under the
Grantee's schedule for gross City revenue service to residential and
commercial customers and excluding industrial customers within the
corporate limits of the municipality.
B.
That the semi-annual payment to be made by the Grantee under Subsection (A) above, shall be in lieu of all special taxes or assessments, license taxes or fees, occupation taxes, rental taxes or charges, and charges for police supervision, inspection or protection, which the municipality otherwise might now or hereafter, during the aforesaid period be empowered to levy upon, assess against, or collect from the Grantee, except those called, which may be passed on or charged to the customers of Grantee in the municipality, but shall not eliminate the general property taxes.
