The term of said franchise shall commence with the effective date hereof, and continue
and remain in full force and effect until such time as the grantee hereof, its successors
or assigns, shall surrender or abandon same or said franchise shall be forfeited for
noncompliance by the possessor thereof with its terms, or the State of California,
said county or other public corporation thereunto duly authorized, shall purchase
by voluntary agreement or shall condemn and take under the power of eminent domain
in accordance with then existing law all property actually used and useful in the
exercise of said franchise situate within the unincorporated area of said county.
Said 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. 182, Sec. 2; Dec. 19, 1951)
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