The Village is authorized and empowered to own, maintain, operate, improve, and extend, or otherwise acquire, and to sell, lease, or otherwise dispose of, in accordance with and in any situation or manner not prohibited by law, its electric plant or plants for the purpose of lighting the streets, walks, public grounds, and buildings of the Village, for the furnishing of electric or gas services within or without the corporate limits of the Village, for public, domestic, commercial, and industrial use, and for production of electric energy or acquisition, production, piped transmission, or piped distribution of gas for sale to electric or gas distribution companies, cooperative, municipal, and privately owned, within or without the State, and for the aforesaid purposes, the 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 or convenient to the operation of the said electric light and power system, and may use any public highway over which it may be necessary or desirable to pass with the poles and wire of the same, provided that the use of such public highway for the purpose of public travel is not thereby unnecessarily impaired. These powers may be exercised through a taking by eminent domain in the manner prescribed by law. All of the foregoing powers are in addition to and not in substitution for or in limitation of any other powers conferred by law.