§ 36.36 FEE TO BE IN LIEU OF FRANCHISE.
   The tax levied under this subchapter shall, when levied, apply to all persons, firms, associations, or corporations engaged in the business of furnishing power, light, heat, gas, electricity, or water within the corporate limits of the town, except it shall not apply to any person, firm, association, or corporation operating under a valid franchise from the town.
(Prior Code, § 7-402)