§ 10. Other franchise conditions.

All franchises heretofore granted are recognized as contracts between the city and the franchisee and the contractual rights as contained therein shall not be impaired by the provisions of this charter except:

(a)

The power of the city to exercise the right of eminent domain to acquire the property and assets of the utility is reserved.

(b)

The general power of the city to regulate the rates and services of a utility, including the right to require adequate and reasonable extension of plant and service and to require that maintenance of facilities be performed at the highest reasonable standard of efficiency, shall be enforced.

(c)

The council shall review each franchise at its first renewal date subsequent to the adoption of this charter and shall cause the franchise, if renewed, to meet the provisions of this charter; and no rights shall be vested in the franchisee with regard to any renewal based upon the terns, conditions or limitations expressed in any such existing franchise.