§ 111.01 Franchise Granted

The City hereby grants unto CIPCO and IES Utilities, Inc., d/b/a Alliant Energy, its successors and assigns, hereinafter called the Grantee, a nonexclusive franchise and right, for a period of twenty-five (25) years from and after the date the ordinance codified by this chapter became effective,† to erect, construct, reconstruct, maintain and operate within the corporate limits of the City, as the same now are or may hereafter be located or extended, a power plant or plants for the generation of electricity and/or a system or systems for the transmission and distribution of electricity, whether said power plant or plants and transmission and distribution systems have been heretofore or hereafter may be constructed, together with the franchise and right to enter upon and to use and occupy the streets, avenues, alleys, bridges and other public places of the City as the same are now or may hereafter be located or extended, for the purpose of constructing, reconstructing, maintaining and operating thereon, therein, thereunder, and thereover said systems for the transmission and distribution of electricity, consisting of poles, posts, wires, cables, conduits and other equipment, appurtenances and construction necessary or incident to said systems, including a high potential electric transmission line or lines, to and through the City, and together with the franchise and right to supply, distribute and sell electric energy to the City and to the inhabitants thereof and others within and without the corporate limits of the City for any and all purposes and upon such terms and conditions and under such restrictions and regulations as are hereinafter contained, and such other reasonable rules and regulations as may hereafter be provided by the rule-making body having jurisdiction thereof.