Section 12.03.020 Franchise to Woodbury County Rural Electric Cooperative.

A non-exclusive franchise is hereby granted unto Woodbury County Rural Electric Cooperative, a corporation, its successors and assigns, (herein "Grantee"), for a term of twenty-five (25) years, commencing with the date this ordinance becomes effective, and Grantee is granted the right to acquire, construct, install, maintain and operate electric generating plants, electric transmission systems and electric distribution systems (herein "Electric Utilities") over, across and under the streets, alleys and public grounds in that part of the existing Woodbury County Rural Electric territory as established by the Utilities Commission of the State of Iowa within the City of Sioux City, Iowa (herein "City"). Grantee is granted the right to generate, supply, transmit and distribute electrical energy to all consumers within the present and future corporate limits of the City that fall within the Woodbury County Rural Electric Cooperative territory as established by the Utilities Commission of the State of Iowa (herein "city consumers") and all consumers without the corporate limits for all lawful purposes, including public and private use, and upon such terms, conditions, restrictions and regulations as may be adopted pursuant to this ordinance. (Ord. 2002-0457)