§ 1. [Grant of franchise.]

That for a period of 30 years from the effective date of this Ordinance No. 92-30, the City of Winter Garden, Florida, a municipal corporation created and existing pursuant to the laws of the State of Florida, its successors and assigns (herein referred to as "grantor"), does hereby give and grant to Florida Power Corporation, a corporation organized and existing pursuant to the laws of the State of Florida, its successors and assigns (herein referred to as "grantee"), the right, privilege and franchise to construct, operate and maintain within the corporate limits of grantor, all electric utility facilities required by the grantee to supply electricity to grantor, its inhabitants and the places of business located within grantor's corporate limits and other customers and areas now or hereafter supplied, or to be supplied electricity by grantee.