Any franchise and the rights, privileges and authority hereby authorized shall take effect and be in force from and after the signing of a franchise agreement by the village, as provided by law, and shall continue in force and effect for an initial term of no longer than 12 years, provided that within 15 days after the date of village approval of the franchise the grantee shall file with the village its unconditional acceptance of the franchise and promise to comply with and abide by all its provisions, terms and conditions. Such acceptance and promise shall be in writing duly executed and sworn to, by, or on behalf of the grantee before a notary public or other officer authorized by law to administer oaths. Such franchise shall be non-exclusive and revokable.
(2000 Code, § 113.06) (Ord. 1678, passed 7-21-1997)