§ 54.198 RIGHT TO OBTAIN NEW CERTIFICATE UPON TRANSFER OF OWNERSHIP.
   If the owner sells or transfers title to the water company, or if more than 25% of the stock in the company is transferred at any one time, a new certificate must be issued provided the new owners have complied with all of the provisions of this chapter.
('61 Code, § 24.106) (Ord. 631, passed - - )