(A) During continued, substantial compliance with the terms of this subchapter 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 for ad valorem taxes.
(B) However, it is not intended hereby to extinguish or abrogate any existing arrangement whereby the town is permitted to use underground conduits, duct space or pole contacts of the company for the fire alarm or police call systems of the town.
(Prior Code, § 7-302)