A. No franchise granted under this chapter shall become effective unless and until the resolution granting the franchise has become effective and, in addition, unless and until all things required in this chapter are done and completed, all such things being hereby declared to be conditions precedent to the effectiveness of any such franchise granted under this chapter. In addition, no franchise granted pursuant to the provisions of this chapter shall become effective until all such things declared to be conditions precedent to the effectiveness of any such franchise shall be accomplished. In the event any of such things are not done and completed in the time and manner required, the council may declare the franchise null and void.
B. Within thirty days after the effective date of the document awarding a franchise, or within such extended period of time as the council, in its discretion may authorize, the grantee shall file with the city clerk his written acceptance in a form satisfactory to the city attorney, of the franchise, together with the bonds and insurance policies required by Section 5.20.180, 5.20.190 and 5.20.200.
(Ord. 505 § 1(part), 1987)