[R.O. 2006 §640.070; CC 1978 §86.010]
There is hereby granted to the Missouri Edison Company, its successors and assigns, hereinafter referred to as "Grantee," the right, privilege and authority to construct, maintain and operate within the corporate limits, as the same now exist or may hereafter be extended, of the City of Warrenton, Missouri, hereinafter referred to as "Municipality," an electric light, heating and power system in, along, over, under and across the streets, avenues, alleys and public places in said Municipality for the transmission, distribution and sale of electric energy, together with the right, privilege and authority to erect, construct, maintain and operate all necessary poles, conductors, wires, conduits and apparatus in, along, over, under and across said streets, avenues, alleys and public places for such purposes. The Grantee shall have the right to operate said electric system by means of an electric generating plant located in the said Municipality, or by means of electric transmission lines and facilities extending from electric generating plants located elsewhere, or by means of both such methods.