§ 13. RIGHTS AND DUTIES OF COMPANY UPON EXPIRATION OR TERMINATION OF FRANCHISE.  


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  • Upon expiration of this franchise, whether by lapse of time, by agreement between Company and City, or by forfeiture thereof, the Company shall have the right to remove any and all of its Facilities used in its Electric Utility Service within a reasonable time after such expiration or termination, unless the City notifies the Company in writing that the City or a third party intends to purchase the Facilities. In the event the City notifies the Company that the Facilities are to be purchased, the Facilities shall be sold to the City or the third party by Company, its successors or assigns, for the compensation provided by applicable law. In the event the City notifies the Company that the Facilities can be removed by the Company, it shall be the duty of the Company, immediately upon such removal, to restore the streets, avenues, alleys, parks and other public ways and grounds from which said Facilities are removed to as good condition as the same were before said removal was effected.