The franchise and rights therein granted shall take effect and be in force for a period of 15 years from and after the grant and acceptance date of the franchise, which shall be effected by the execution of the franchise agreement, which shall occur not more than 30 days from the adoption of a resolution by the Board of Alderpersons designating the franchisee, unless the time is extended by the Alderpersons.
(Prior Code, § 4.1-10) (Ord. passed 9-19-1979)