In case the franchise hereby granted is approved at said election, the company shall, within 30 days from the date of such approval, file with the Clerk of the city, in writing, its acceptance. In the event the company fails to accept within the said period, such failure shall be deemed a rejection of the franchise.
(Prior Code, Appendix C, Article I, § 10) (Ord. 2013-039, passed 6-3-2013)