§ 5. Privilege or license tax applied; franchise fee reserved.

A privilege or license tax shall be levied upon corporation for the privilege of engaging or carrying on its business within the city in the amount permitted by Alabama Code Section 11-51-129 (1975) or any act amendatory thereof or supplementary thereto. Upon not less than ninety (90) days prior written notice to the corporation and in addition to the privilege or license tax set forth herein, the city may require the corporation to begin paying a franchise fee equal to one (1) percent of gross gas sales revenues received by the corporation from the sale and delivery of gas within the corporate limits and police jurisdiction (so long as the city is providing services in the police jurisdiction) of the city after the effective date of the notice from the city, except for gas which is sold within the corporate limits of another municipality which has granted the corporation a franchise. In the event that,such notice is given, the corporation will remit to the city, on or before March 1st of each year, the amount of the franchise fees due to the city with respect to sales revenues received by the corporation during the previous calendar year.

(Ord. No. 09-2182, § 1.E, 12-21-09)