§ 4.04.10. Electric franchise granted to Arkansas Power & Light Company.

The city (hereinafter called grantor) hereby grants to the Arkansas Power & Light Company, its successors and assigns (hereinafter called grantee), the exclusive right, privilege and authority within the present and all future expansion of the corporate limits of the city:

A.

To sell, furnish, transmit and distribute electric power and energy to Grantor and to all inhabitants and consumers within said limits, and

B.

To construct, maintain, operate and extend a system for such purposes and to enter on, under and upon and use any and all of the streets, alleys, avenues, bridges and other public grounds and ways belonging to, or under the control of grantor, for the purpose of erecting, maintaining, repairing, replacing and operating poles, wires, anchors, stubs, transformers, substations, cables, conduits and other related facilities, appliances and apparatus which are necessary for, or useful in, the furnishing, sale, transmission or distribution of said electric service (hereinafter called facilities).

( Ord. No. 69, § 1 )