Nothing contained in §§ 114.019 or 114.020 shall be construed to grant to the grantee the right to sell, transfer, assign or lease the franchise, or any part thereof, except in the manner provided in such sections. Such sections apply to any assignment, whether by operation of law, by voluntary act of the grantee or otherwise. No consent shall be required to any transfer of the franchise in trust or by way of mortgage or hypothecation with all or a part of grantee's other property for the purpose of securing any indebtedness of the grantee.
('64 Code, § 10-21) (Ord. 168, passed 2-9-61)