[Prior Code, Sec. 7-28]
There is hereby levied on annual inspection fee and service
charge upon each and every person, firm or corporation operating a
telephone exchange in this 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 expenses 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 each year, and shall
be paid into and appropriated and expended from the General Fund of
the City.
[Prior Code, Sec. 7-29]
During continued substantial compliance with the terms of Section 7-301 of this chapter by the owner of any telephone exchange, the charge levied hereby shall be and continue to be in lieu of all concessions, charges, excise, franchise, license, privilege and permit fees or taxes or assessments except ad valorem taxes. However, this Section is not intended to extinguish or abrogate any existing arrangement whereby the City is permitted to use underground conduit, duct space or pole contracts of the company for the fire alarm or police call systems of the City.
