Whenever any electric, telephone or telegraph company shall desire to place lines or wires upon any particular street upon which it does not have a line of poles, but upon which the street, there exists a line of poles owned by another company, then the companies may maintain their wires upon the same poles. If an agreement cannot be reached between the companies owning the poles and the companies desiring to place wires thereon, then the companies may submit the question of compensation to three disinterested persons for arbitration, or they may submit the same to the Board of Alderpersons for determination. This section shall apply to poles owned by the town as well as poles owned by companies operating under franchise from the town.
(1992 Code, § 98.66)