No such permit shall be issued unless and until the applicant therefore has deposited with the City Manager a cash deposit in such sum and under such terms and conditions as the Board of Commissioners of the City of Paris, Tennessee shall set from time to time by resolution. Provided, however, that all public utility companies operating under license or franchise by the governing bodies of the City of Paris, County of Henry, State of Tennessee, or the Government of the United States of America, shall be exempt from the provisions of this section. (Ord. #578, 12/02/82).