§ 17.03. Restrictions on all future public utility franchises and reserved powers of metropolitan government.

No exclusive franchise shall ever be granted and no franchise shall be granted for a longer term than thirty (30) years. No such franchise shall be transferable, directly or indirectly, except with the approval of the council expressed by ordinance.

All public utility franchises, whether it be so provided in the ordinance or not, shall be subject to the right of the metropolitan government:

1.

To repeal the same for misuse or nonuse, or for failure to comply therewith.

2.

To require proper and adequate extension of plant and service and the maintenance thereof, at the highest practicable standard of efficiency.

3.

To establish reasonable standards of service and quality of products, and prevent unjust discrimination in service or rates.

4.

To make independent audit and examination of accounts at any time, and to require reports annually.

5.

To require continuous and uninterrupted service to the public in accordance with the terms of the franchise, throughout the entire period thereof.

6.

To impose such other regulations as may be determined by the council to be conducive to the safety, welfare and accommodation of the public.