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H - 2- By document dated November 1, 1909, the Company took from the Commissioners of Clark County, Nevada, a 25-year franchise, which conferred upon the Company the right to operate a water system ”in the unincorporated Town of Las Vegas, Clark County, Nevada and in the streets and alleys thereof” and ”to make extensions thereof from time to time for the purpose of furnishing said unincorporated town and the inhabitants thereof-with water.” This franchise was taken under the provisions of an Act approved March 23, 1909 (Statutes of Nevada, 1903-09, page 207). The statute authorized the County Commissioners to grant a franchise for the operation of water and other public utilities in the streets and public places ”in any unincorporated town and City in such County, and along the public roads and highways of such County.” Consequently, it appears that the Company’s franchise of 1909 limited its operations to the unincorporated town of Las Vegas, notwithstanding the fact that opportunity existed under the statute for application to be made and franchise to be granted to permit operations beyond the limits of the town and extending into the County. The franchise extended for a period of 25 years from and after November 2, 1909. However, prior to the expiration thereof, the Company acquired from the City of Las Vegas on September 2, 1927, a franchise for the use ”of the streets and alleys in the Original Townsite of Las Vegas, for the purpose of laying water mains and laterals to supply the inhabitants of said Original Townsite with water.” This permit was terminated on February 21, 1930, upon which date the Company acquired from the City of Las Vegas a franchise to maintain a water system in ”all or any of the streets, alleys, avenues and highways of the City of Las Vegas, County of Clark, State of Nevada, including Clark’s Las Vegas Townsite, The Original Townsite of Las Vegas, and all additions, tracts, and subdivisions now existing as a part of said City, and all additions, tracts and subdivisions which may hereafter be added to said City of Las Vegas, or hereafter laid out or subdivided, for the purpose of supplying the inhabitants of the City of Las Vegas with water.” This franchise was for a period of fifty years and apparently is still in effect. From the foregoing it appears that notwithstanding the Company’s corporate capacity to operate beyqnd the city limits