§ 8.42.100 VALUE OF FRANCHISE.
   The franchisee of any franchise awarded to a public utility, by accepting the terms and conditions thereof, stipulates and agrees that in any proceeding for the purpose of adjusting the rates of the franchisee, no greater value shall be placed upon the franchise than the actual cash paid therefor by the franchisee.
(Ord. 1152, passed 5-17-11)