[Code 1974 §§ 7-35, 7-36; Code 1985 § 13-1; Code 2005 § 102-1]
A. 
There is levied an annual inspection fee and service charge upon each and every person operating a telephone exchange in the City in an amount equal to 2% of the gross revenues for each current year for exchange telephone transmission service rendered wholly within the limits of the City to compensate the City for the expense incurred and services rendered incident to the exercise of its police power, supervision, police regulation and police control of the construction of lines and equipment of the telephone company in the City. The inspection fee and charge shall be due and payable to the City on or before May 1 of each year and shall be paid into and appropriated and expended from the general revenue fund of the City.
B. 
During continued substantial compliance with the terms of Subsection A of this section by the owner of any telephone exchange, the charge levied in Subsection A of this section shall be in lieu of all concessions, charges, excise, franchise, license, privilege and permit fees or taxes or assessments except ad valorem taxes; provided, however, that it is not intended hereby to extinguish or abrogate any existing arrangement whereby the City is permitted to use underground conduit, duct space or pole contracts of such company for the fire alarm and/or police call systems of the City.