The City hereby grants the Mobil Oil Corporation, its successors
and assigns, hereinafter referred to as "Grantee," subject to the
terms and conditions herein contained, the right, franchise and privilege
from time to time, for a period of 25 years from and after the effective
date of this article, to install, operate, maintain, replace, change
size of, abandon in place and/or remove pipeline for the transportation
of oil, petroleum and hydrocarbon substances, together with all appurtenances
and service connections necessary or convenient to properly maintain
and operate such pipelines, including cathodic protection facilities,
necessary or convenient for the grantee's business, hereinafter collectively
called "franchise property," within the public streets, highways or
public property now existing or hereafter dedicated, hereinafter collectively
called "streets" of the City. All power and control lines shall be
underground.
(Prior code § 21-65.1)