§ 8. Right of city to purchase reserved.

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The city hereby reserves the right at and after the expiration or termination of this grant to purchase the property of the district used under this franchise, as provided by the Laws of Florida, in effect at the time of the district's acceptance hereof, including F.S. § 167.22, and as a condition precedent to the taking effect of the franchise, district shall give and grant to the city the right to purchase so reserved. District shall be deemed to have given and grant to the city the right to purchase by its acceptance hereof, which shall be filed with the city clerk within 30 days after this ordinance takes effect.

                    
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