(A) Filing. Within 30 days after the effective date of the franchise, or within such extended period of time as the Council in its discretion may authorize, the grantee shall file with the City Clerk: its agreement to be bound by and to comply with and to perform all acts required of grantee by the provisions of this chapter and the franchise agreement; and documents evidencing its compliance with the surety bond and insurance requirements, as required in § 113.084 of this chapter.
(B) Condition subsequent to effectiveness of franchise. If grantee fails to file the documents required in division (A) above in a timely manner, then grantee's rights under the franchise agreement shall immediately terminate until such time as grantee shall have complied with division (A) of this section.
(Ord. 94-09, passed 9-12-94)