The right, privilege and franchise, subject to each and all of the terms and conditions contained in this chapter, and pursuant to the provisions of the franchise act of 1937, is granted to Southern California Gas Company, a corporation organized and existing under and by virtue of the laws of the state, herein referred to as the grantee, to lay and use pipes and appurtenances for transmitting and distributing gas for any and all purposes, under, along, across or upon the streets, of the city, for an indeterminate term or period from and after the effective date of the ordinance codified in this chapter, that is to say, the franchise shall endure in full force and effect until the same shall with the consent of the railroad commission of the state, is voluntarily surrendered or abandoned by its possessor, or until the state or some municipal or public corporation thereunto duly authorized by law shall purchase by voluntary agreement or shall condemn and take under the power of eminent domain, all property actually used and useful in the exercise of the franchise, and situate within the territorial limits of the state, municipal or public corporation purchasing or condemning such property, or until the franchise shall be forfeited for noncompliance with its terms by the possessor thereof. (Ord. 825 § 2, 1941)