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limiting the generality of the foregoing, shall embrace all necessary appurtenances and equipment and shall include all property, rights, ® easements and franchises relating to any such system and deemed necessary or convenient for the operation thereof. SECTION 3 There is hereby granted by the County to the Company the exclusive franchise, right and privilege to erect, construct, operate and maintain a water system within the prescribed territory as herein provided and for these purposes to sell and distribute water within the territory and for these purposes to establish the necessary facilities and equipment and to lay and maintain the necessary lines, pipes, mains and other appurtenance necessary therefor in, along, under and across the public alleys, streets, roads, highways and other public places of the County; provided, however, that the County reserves the right to permit the use of such public places for any and all other lawful purposes and subject always to the paramount right of the public in and to such public places. SECTION 4 The territory in which this franchise shall be applicable is all that part of Indian River County, Florida, located within the following described boundary lines, to -wit: HOBART LANDING, UNIT ONE, according to plat filed in the office of the Clerk of the Circuit Court, Indian River County, Florida, in Plat Book 7, page 45, and HOBART LANDING, UNIT TWO, according to plat filed in the office of the Clerk of the Circuit Court, Indian River County, Florida, in Plat Book 7, page 46 H SECTION 5 w The Company shall at all times during the life of this franchise 0 be subject to all lawful exercise of the police power and regulatory o � authority of the County and to such regulation as the County shall hereafter by resolution provide. -2- Smith, Heath, Smith & O'Haire, Attorneys At Law, P. O. Box 518, Vero Beach, Florida 32960