§ 1. [Grant of franchise.]

The franchise, right, permission and authority is hereby granted to, and renewed and vested in Union Electric Company, a Missouri Corporation, its successors and assigns, hereinafter call[ed] "company", to construct, reconstruct, excavate for, place, maintain, operate, and use all necessary or appropriate poles, towers, wires, conduits, conductors, manholes, underground vaults, and other equipment, with all necessary or appropriate appurtenances and appliances in connection therewith, in, along, across, over and under the streets, roads, alleys, sidewalks, squares, bridges, and other public places within the corporate limits of the City of Kirksville, hereinafter called "city", as now fixed and as hereafter extended, and areas dedicated to the city for public utility use, for the purpose of furnishing and distributing electricity for light, heat, power, and other purposes within said city and in territory adjacent to said city, and for the purpose of transmitting electricity through said city; all such equipment, appliances and apparatus to be installed and maintained with due regard to the rightful use by other persons, with vehicles or otherwise, of the streets, roads, alleys, sidewalks, squares, bridges, and other public places, and areas dedicated to the city for the public utility use, and company's exercise of the rights, permission and authority hereby granted shall at all times be subject to proper regulation by the city in the exercise of its police powers.