The text
Every franchise granted pursuant to this article shall, except when a definite term has been specified therein, be indeterminate; that is, every such franchise shall endure in full force and effect or until the franchise is voluntarily surrendered or abandoned by franchise or until the state, the city, or other body authorized by law has purchased by voluntary agreement or has condemned and taken under the power of eminent domain all property actually used in the franchise and situated within the city or until such franchise shall have been forfeited upon noncompliance with its terms or the provisions of this article.
(Rev. Ords. 1987, § 8-233)