This franchise is binding upon and will inure to the benefit of all parties hereto, their respective heirs, legal representatives, successors and assigns. The franchisee, however, shall not make any assignment without the written consent of the city, and any assignment made without the city’s consent shall be null and void; provided, however, that nothing in this franchise requires the city’s consent for any sale, lease, mortgage, assignment, merger or other transfer to entities that control, are controlled by, or under the common control of the franchisee. Any transfer of the franchisee’s assets to another carrier that is approved by the Oregon Public Utilities Commission will receive the city’s automatic approval.
(Ord. 2022-07-01, passed 8-9-2022)