(a) All permits, licenses, or franchises granted by any municipality to any public utility authorizing it to occupy the streets, highways, alleys, and other public ways in the municipality, for the purpose of constructing and maintaining any facilities for the supplying of any public service or commodity, shall be unlimited as to time.
(b) The utility or its successors and assigns shall hold the permit, license, or franchise in accordance with the terms, conditions, and limitations of this act and any future regulatory acts.
(c) The permit, license, or franchise shall continue in force until such time as a municipality having authority to do so shall purchase the property operating under such permit, license, or franchise in accordance with the provisions of this act, or until terminated according to the law for misuser or nonuser.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 200 - Municipal Authority over Utilities
§ 14-200-101. Jurisdiction over utilities — Appeal — Definition
§ 14-200-102. Violation of municipal franchise — Penalty — Damages
§ 14-200-103. Duration of permits granted by municipalities
§ 14-200-104. Continuation of existing franchises and permits
§ 14-200-105. Acceptance of permit as consent to future sale
§ 14-200-106. Municipal power to acquire, construct, or operate public utility plant
§ 14-200-107. Election to authorize purchase by municipality
§ 14-200-108. Compensation and damages for purchase
§ 14-200-109. Municipal power to finance electric facilities system
§ 14-200-110. Municipal access to utility records
§ 14-200-112. Exemption from regulation by state commissions