Section 10-12 Occupational License, Taxes

The company shall pay annually a franchise fee as determined in section 10-14 in lieu of any occupational licenses, fees and service charges as shall be appropriate to this general classification of business as set forth by law. It is herewith noted that the company is classified as a public utility but shall be subject to payment of ad valorem taxes.
(Code 1981, § 6-3012)