(A) If the Federal Communications Commission or the Public Commission of the State of California or any other Federal or State body or agency shall now or hereafter lawfully exercise jurisdiction over the subject matter of any franchise granted pursuant to this chapter, then to the extent such jurisdiction shall preempt or preclude the exercise of like jurisdiction by the city the jurisdiction of the city shall be suspended during such time as such other jurisdiction shall lawfully exist. The preemption or preclusion of the exercise of the city of any of its police power shall not diminish, impair, alter or affect any benefit nor any obligation of the city or a grantee under any franchise issued hereunder.
(B) Any and all minimum standards governing the operation of a system and any and all maximum rates and charges specified herein or in any franchise issued hereunder existing now and at any time in the future, including such time as any paramount jurisdiction shall preempt or preclude that of the city to determine, establish, or fix any of the same, are each and all declared by the city and by a grantee accepting any franchise hereunder to be contractual in nature and to be for the benefit of the city.
('83 Code, § 5.24.250D.) (Ord. 912, passed - -85)