(A) If any highway or portion thereof becomes a state highway, except for the right to continue to collect franchise payments and such other rights as by law remain with the city, the state shall succeed to all rights reserved to the city by the franchise; but this provision shall not preclude the grantee from receiving reimbursement for the relocation of its facilities if and to the extent otherwise lawfully entitled thereto.
(B) This section applies to any highway or portion thereof which becomes a state highway in which the grantee maintains its facilities under the authorization of the franchise at the time such highway or such portion thereof becomes a state highway, whether at such time it is under the jurisdiction of the city or of any public entity.
('64 Code, § 10-12) (Ord. 168, passed 2-9-61)