4.50.290 Exclusive right of grantee .

This grant is made in lieu of all other franchises, rights, or privileges owned by the grantee to lay and use pipes and appurtenances in the streets of the city for transmitting and distributing water and the acceptance of the franchise hereby granted shall operate as:

   (1)   An abandonment within the limits of the city of all such other franchises, rights and privileges in lieu of which this franchise is granted; and

   (2)    An agreement to comply with the terms and conditions of Sections 4.50.240 through 4.50.350.

(Ord. 383 § 2 Ex. A (part), 1986).