Whenever any telephone or telegraph company shall desire to place wires along any street upon which it does not have a line of poles, and there are poles along the street owned by another company, then the companies may maintain their wires upon the same poles. If an agreement cannot be reached between the company owning the line of poles and the company desiring to use the poles, then the companies may submit the question of compensation and other pertinent matters in controversy to three disinterested persons for arbitration, or they may submit the matter to the Board of Commissioners. This section shall apply to poles owned by the town as well as to companies operating under franchise from the town.
(1940 Code, Ch. R, Art. II, § 3)