237.18 SURRENDERING OLD LICENSE; NEW AUTHORITY.
Any telephone company operating under any existing license, permit, or franchise or which
shall, before the taking effect of Laws 1915, chapter 152, acquire any license, permit, or franchise,
upon filing with the clerk of the municipality which granted such franchise, a written declaration
that it surrenders such license, permit, or franchise, may receive in lieu thereof, an indeterminate
permit, as defined in this chapter; and such telephone company shall thereafter hold such permit
under all the terms, conditions, and limitations of this chapter. The filing of such declaration shall
be deemed a waiver by such telephone company of the right to insist upon the fulfillment by
any municipality of any contract theretofore entered into relating to any rate, charge, or service
made subject to regulation by this chapter. Upon filing such written declaration by the telephone
company, the clerk of the municipality shall file with the commission a certificate showing
that fact and the date thereof, and thereupon it shall receive an indeterminate permit from the
commission conferring the same rights as if originally granted under this chapter.
History: (5301) 1915 c 152 s 15; 1971 c 25 s 67; 1980 c 614 s 123