§ 111.04  TRANSFER OF OWNERSHIP.
   Should the company sell, assign, or transfer its system or any right under this franchise to another, written notice of such sale, assignment, or transfer, shall be given to the city not less than 30 days prior thereto, and shall be conditioned upon the vendee, assignee, or transferee, filing with the city an instrument duly executed, reciting the fact of such sale, assignment, or transfer, and containing an acceptance of the terms of this franchise and agreeing to perform all requirements hereof.
(Ord. 224, passed  - -  )