A person desiring to obtain a franchise to operate a public utility from
the Village shall present the franchise desired to the Village council,
and it shall be filed among Village records.
If the council deems the granting of the franchise beneficial to the Village,
it shall pass a resolution, stating that fact.
A franchise shall not be granted for a longer term than 10 (ten) years.
Establishment of municipally owned and operated
The Village shall have the power to own and operate any public utility,
to construct and install all facilities that are reasonably needed, and
to lease or purchase any existing utility properties used or useful for
public service. The Village may also furnish service to adjacent and nearby
territories that may be conveniently and economically served by a municipally
owned and operated utility, subject to the limitations of the provisions
of the general laws of the state. The council may provide by ordinance
for the establishment of such utility and provide for its regulation and
control and the fixing of rates to be charged.
The council may be ordinance provide for the extension, enlargement, or
improvement of existing utilities, and provide reasonable reserves for
Establishment of classifications and regulation
of rates of public utilities:
The Village shall have full power to and may prescribe just and reasonable
classifications to be used and just and reasonable rates and charges to
be made and collected by all corporations rendering public utility service
within the corporate limits of the Village as now or hereafter constituted,
except public service corporations.