(A) Within 25 days after the Mayor and Council has taken final action to approve the granting of a franchise under this chapter, the grantee shall file a written acceptance of the conditions required for the franchise, acknowledged before a notary public, with the Town Clerk. Acceptance shall acknowledge that the grantee agrees to be bound by and to comply with the provisions of this chapter and the franchise and shall be in such a form and content as to be satisfactory to and approved by the Town Attorney.
(B) Concurrently with the filing of the written acceptance, the grantee shall file with the Town Clerk the bond, letter of credit and insurance policies required by § 113.11.
(C) The effective date of the franchise shall be the date the grantee files its written acceptance of the conditions required for the franchise in accordance with the provisions of division (A) of this section.
(1995 Code, § 16-4)