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No such grant shall be exclusive, nor shall it be made for a longer period than 20 years from its effective date. No grant shall be renewed earlier than two years prior to its expiration unless the City Council shall by a vote of at least two-thirds (2/3rds) of its members first declare by ordinance its intention of considering a renewal thereof. All grants of the rights to make extensions of any public utility shall be subject as far as practicable to the terms of the original grant and shall expire therewith.
It shall be provided in every such grant that upon the annexation of any territory to the City the portion of any such utility that may be located within such annexed territory and upon the streets, alleys, or public grounds thereof, shall thereafter be subject to all the terms of the grant as though it were an extension made thereunder.
All grants shall be subject to the right of the City, whether in terms reserved or not, to control at all times the distribution of space in, over, under or across all streets, alleys or public grounds occupied by public utility fixtures, and when in the opinion of the City Council the public interest so requires, such fixtures may be caused to be reconstructed, relocated, altered or discontinued.