All rights, authority and grants herein contained or conferred are also conditioned upon the understanding and agreement that these privileges in the rights-of-way and other public places of the city are not to operate in any way so as to be an enhancement of the company's properties or values or to be an asset or item of ownership in any appraisal thereof. In the event that the city shall at any time hereafter acquire the property of the company, by purchase, or otherwise, the value of this franchise shall be fixed and determined at $1.
(Ord. 50-1995)