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Section 2. The franchise to install,' .maintain' and use in <br /> <br /> the streets of said city all pipes and appurtenances for transmitting <br /> and distributing gas to the public for any and all purposes within <br /> said city is 'hereby granted to Pacific Gas end Electric Company, its <br /> successors and assigns. <br /> <br /> Section 3- Said franchise shall be indeterminate, that is to <br />say, said frenchlee shall endure in full force and effect until the same <br />shall, with the consent of the Public Utilities Commission of the State <br />of California, .be voluntarily surrendered or abandoned by the grantee, <br />or until the state or some municipal or public corporation thereunto <br />duly authorized by law shall purchase by voluntary agreement or 'shall <br />condemn and take under the power of eminent domain, all property actu- <br />ally used and useful in the exercise of said franchise and situate in <br />the territorial limits of the state, municipal or public corporation <br />purchasing or condemning such property, or until said franchise shell <br />be forfeited for non-compliance with its terms by the grantee. <br /> <br /> Section ~. The grantee of said franchise shall during the <br />term thereof pay to said city two per cent of the gross annual receipts <br />of said grantee arising from the use, operation or possession of said <br />franchise~ provided, however, that such payment shall in no event be <br />less than one per cent of the gross annual receipts of grantee derived' <br />from the sale. of gas within the limits of said city. <br /> <br /> Section 5- The grantee shall file with the Clerk of said <br />city, within three months after the expiration of the calendar year, or <br />fractional calendar year, following the date of the granting hereof, <br />and within three months after the expiration of each and every calendar <br />year thereafter, a duly verified statement showing in detail the total <br />gross receipts of such grantee during the preceding calendar year, or <br />such fractional calendar year, from the sale of gas within said city. <br />Such grantee shall pay to said city within fifteen days after the time <br />for filing such statement, in lawful mon.ey of the United States, the <br />aforesaid percentage of its gross receipts for such calendar year, or <br /> <br /> ~2- <br /> <br /> <br />