§ 1. Introduction.

There is hereby granted to INTERSTATE POWER AND LIGHT COMPANY, hereinafter referred to as the "Company," its successors and assigns, the right and franchise to construct, reconstruct, repair, maintain and operate in the City of Cedar Rapids, Linn County, Iowa, plants and systems for the manufacture, generation and distribution of electric light and power, and the right to construct, reconstruct, repair, maintain and operate the necessary poles, lines, wires, conduits and other appliances for the distribution of electric current along, under and upon the streets, avenues, alleys and public ways in the City of Cedar Rapids, Linn County, Iowa; also the right to erect and maintain upon the streets, avenues, alleys and public ways, distribution lines through the said City of Cedar Rapids, Linn County, Iowa, to supply individuals, corporations, communities and municipalities both inside and outside of said City with electric light, and power for the period of twenty-five (25) years, after which such period the franchise shall expire. However, the City of Cedar Rapids shall retain the right to terminate this right and franchise effective at the end of the tenth (10th), fifteenth (15th), and twentieth (20th) year anniversary of the Anniversary Date as defined within. In order to exercise this right to terminate the right and franchise granted to the Company, the City of Cedar Rapids must give written notice to the Company no later than six (6) months prior to expiration of the respective Anniversary Date. The Anniversary Date shall be the date this franchise is published following signature by the Mayor. Additionally, the Company is granted the right of eminent domain for the purposes set forth herein, or to access its current or future facilities, as provided in Section 364.2 of the Code of Iowa, as amended, or pursuant to any other statutory authority granted through the City during the term of this franchise. Notwithstanding the foregoing, and limited to the exercise of eminent domain related to the construction of new distribution facilities in the public right of way, Company agrees to provide thirty (30) days written notice to the City prior to exercising such right.