indeterminate permit

indeterminate permit
A kind of franchise granted public service corporations, provided for by statute in some jurisdictions, to continue in force until such time as the municipality shall exercise its option to purchase as provided by the statute. Superior Water, Light & Power Co. v Superior, 263 US 125, 132, 68 L Ed 204, 209, 44 S Ct 82.

Ballentine's law dictionary. . 1998.

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