The City shall have the option at any time after the taking effect of this franchise,
to acquire title to the wiring, poles, conduits, lamps, and other appurtenances (exclusive
of the power house and generating equipment) which may be at said time used or useful
exclusively in any street lighting of the City. Such property and facilities shall
be sold to the City by Company, its successors or assigns, at a price determined by
the formula identified in K.S.A. 66-1,176(c). Nothing herein shall be construed to
in any manner preclude or prevent the City from acquiring title by any means authorized
by law to any part, portion or all of the electric property of the Company, its successors
or assigns or preclude or prevent Company from selling its street lighting system
to a third party or give City a right of first refusal or option of any kind in connection
with such a transaction. In the event Company sells its said street lighting system
to a third party, the provisions of this Section shall be null and void and of no
further effect.
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