Section 25.(34)
The City Council shall have the power:
To grant to any private person or corporation a franchise or permission for the erection or construction of light works within the city, and with all rights and powers appurtenant thereto, including the rights to use the streets and public ways for the purpose of laying pipes, erecting poles and stringing wires and other necessary apparatus. Such franchise shall be used and exercised under such rules, regulations, and restrictions, including the rate to be charged for such light, as the council shall from time to time prescribe;