(A) No franchise granted pursuant to the provisions of this chapter shall become effective unless and until this chapter has become effective and, in addition, unless and until all things required in this section are done and completed, all of the things being hereby declared to be conditions precedent to the effectiveness of any franchise granted hereunder. In the event any of those things are not done and completed in the time and manner required, the Council may declare the franchise null and void.
(B) Within 30 days after the awarding of a franchise agreement to a Grantee, or within an extended period of time as the Council in its discretion may authorize, the Grantee shall file with the City Clerk its written acceptance, in form satisfactory to the City Attorney, of the Franchise Agreement, together with the insurance policies, letter of credit and bond required by §§ 121.12, 121.13, and 121.14,respectively, and its agreement to be bound by and to comply with and to do all things required of it by the provisions of this chapter and Franchise Agreement. The acceptance and agreement shall be acknowledged by the Grantee before a notary public and shall in form and content be satisfactory to and approved by the City Attorney.
(‘83 Code, § 123.25) (Ord. 82-036, passed 6-21-82; Am. Ord. 96-003, passed 4-1-96) Penalty, see § 121.99