A. There is hereby levied an annual inspection fee and service charge upon each person operating a telephone exchange in the Town in an amount equal to two percent (2%) of the gross revenues for each current year for exchange telephone transmission service rendered wholly within the limits of the Town to compensate the Town 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 such telephone company in the Town.
B. The inspection fee and charge shall be due and payable to the Town on or before March 1 of each year, and shall be paid into and appropriated and expended from the general revenue fund of the Town. (Ord. 358, - -2022)