§ 1. Grant of right.

The city hereby grants to the company for the term herein described the exclusive right to construct, erect, install, repair and maintain shelters at bus stop locations throughout the city subject to the city and the company mutually agreeing to each said location. This right is intended to include both existing bus stop locations and those created by the city or by the Broward County Transit Agency within the corporate limits of the city or on land owned by the city within Broward County, Florida, at any time during the term hereof. Moreover, such right shall pertain to and include all bus stop locations within the city whether on land owned or leased by the city, on land over which the city has obtained easement or use rights or at other locations approved by state statute.