No sale or transfer is effective until the purchaser, assignee, lessee, or transferee has filed with the Board of Works a request, duly executed, reciting the fact of the sale, assignment, or lease, accepting the terms of this chapter, and agreeing to perform all conditions thereof. In addition, the Board of Works may require any additional proof and financial responsibility it deems necessary on investigation. The rights granted under this chapter shall not be sold or transferred by the company to any outside interest except on written notice to the city not less than 30 days before the transfer or sale and subject to the approval of the city through its Board of Works. Approval shall not be unreasonably withheld.
(Ord. 919, passed 8-20-79; Am. Ord. 981, passed 11-17-80)