[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.