In connection with such sale such city or town council may grant to the purchaser an exclusive or nonexclusive franchise for furnishing electric current or water, or both, to such city or town and the inhabitants thereof. But no such exclusive franchise shall affect any existing contractual rights and no such exclusive franchise for furnishing water shall be for a period exceeding thirty years. Extension of Water and Sewer Systems Editor's Note Certain limitations on the performance of municipal services outside of corporate limits are prescribed in Chapter 7 of this Title. Articles 15 through 19 of Chapter 31 should be construed with Chapter 7 to understand the applicable limitations.
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