(a) The trustees of said Village shall have full control and authority over the water power, plant, lines, and operation of the electric light and power system of said Village and may make contracts for the sale and purchase of power as to them may seem prudent, all subject to the limitations contained in the Village ordinances and the general laws of this State.

(b) The Village of Lyndonville shall have and is hereby granted the authority to own, maintain, and operate an electric light and power system for the purpose of furnishing electric light for the use of said Village in lighting its buildings, streets, walks, and other grounds, and for the purpose of furnishing electric light, heat, and power, both within and without said Village, for public, domestic, industrial, and other uses to the public generally and to other municipal corporations, subject to the general laws of this State and the lawful orders and control of the Public Service Commission, and for the purposes aforesaid said Village may hire, lease, purchase, own, hold, and acquire by contract, agreement, or eminent domain proceedings, any water power, buildings, land, rights of way, and any other property, real or personal, necessary for the maintenance and operation of the said electric light and power system, and it may use any land or highway over which it may be necessary or desirable to pass with poles and wires, provided such use of any such public way, or other property, does not unreasonably interfere with public travel.