Except for pipelines lawfully maintained other than by the authority granted by the franchise, the annual payments shall accrue from the respective dates of installation, whether before or after the effective date of the ordinance granting the franchise, and shall be due and payable annually beginning with the expiration of the first franchise payment period selected by the grantee in accordance with § 114.001.
('64 Code, § 10-71) (Ord. 168, passed 2-9-61)