Any utility companies providing electric, telephone, gas, water, sewer or communication service on a regular basis to the residents of the town are exempted from posting a bond or security on street excavation work or use of the public way, provided the utility company files a letter with public works, signed by the appropriate officers of the company, agreeing to reimburse the town for all costs incurred in repairing street openings made by the utilities, any costs incurred in repairing other utilities which may be damaged in the excavation, and agreeing to abide by all the terms of this chapter. Each utility company shall submit a list of persons authorized to sign permit applications and to keep that list current. (Ord. 7(2006) § 4: 1997 Code: Ord. 20(1981) § 2: Ord. 43(1978) § 2: Ord. 7(1971) § 2(F))