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Upon receipt of the Finance Director of the permit application and fee, the Police Chief shall undertake whatever investigation is deemed necessary. If it appears to the Police Chief that the proposed system will comply with the provisions of this chapter, the Finance Director shall be advised and shall issue to the applicant a permit bearing an identifying number, specifying the class of alarm system for which it is issued, and setting forth the expiration date of the permit. The City shall not, by the

issuance of any alarm system permit, be obligated to respond or accord any priority to an alarm from such system.