The Company shall furnish reasonable, adequate and efficient electric service to the residents of the City and shall maintain its systems in reasonable repair and working order and provide adequate facilities for such maintenance. The Company’s plant and equipment, including all transmission lines and other distribution facilities, shall be installed in accordance with good engineering practices and shall be located, erected, constructed, reconstructed, replaced, removed, repaired, maintained and operated in accordance with the rules of the Iowa Utilities Board or its successor, and the National Electrical Safety Code so as not to endanger or interfere with the lives of persons, or to unnecessarily hinder or obstruct pedestrian or vehicular traffic to public ways, places and structures. The erection, installation, construction, replacement, removal, repair, maintenance, and operation of the electric system shall be in accordance with all applicable laws, regulations and codes of the State and all applicable ordinances, regulations and codes of the City.