In consideration for the rights, privileges and non-exclusive license hereby granted and as compensation to the town for the use of its public ways and places by the grantee, and in lieu of all occupation and license or other taxes, the grantee shall on or before the first day of January and the last day of July each year in which this non-exclusive license is effective pay to the town a sum equal to 2% of the receipts derived from the collection of monthly service fees paid by subscribers residing within the town. The fee shall be levied as a tax upon grantee in lieu of all other license or permit fees. The grantee shall render a sworn statement of the receipts received under this non-exclusive license and deliver the same to the Town Clerk simultaneously with its payments. The town shall have the authority to audit the books and records of the grantee’s operation within the town under this non-exclusive license upon request and prior notice during normal business hours.
(1991 Code, § 15-2-8) (Ord. 58, passed 10-19-1987)