The term of this franchise shall start with the effective date of this ordinance and
continue in full force and effect until such time as the possessor thereof shall with
the consent of the Railroad Commission of the State of California voluntarily surrender
or abandon same, or until the State of California, the County of Sutter, or other
public corporation thereunto duly authorized by law shall purchase by voluntary agreement
or shall condemn and take under the power of eminent domain all property actually
used and useful in the exercise of this franchise situate within the unincorporated
area of the County of Sutter, or until this franchise shall be forfeited for non-compliance
with its terms by the possessor thereof; provided, however, that, in no event, shall
this franchise or its term extend beyond 50 years from and after the effective date
of this ordinance. This franchise shall never be considered or taken into account,
in fixing the value of said property, in excess of the actual cost to the grantee
hereof in procuring the same.
(Ord. 102, Sec. 6; Apr. 5, 1938)
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