(a) No franchise granted pursuant to the provisions of this chapter shall become effective unless and until the ordinance granting same has become effective and, in addition, unless and until all things required in this section and Sections 711.14, 711.15(a) and 711.15(b) are done and completed, all of such things being hereby declared to be conditions precedent to the effectiveness of any such franchise granted hereunder. In the event any of such things are not done and completed in the time and manner required, Council may declare the franchise null and void.
(b) Within thirty days after the effective date of the ordinance awarding a franchise, or within such extended period of time as Council in its discretion may authorize, the grantee shall file with the Auditor his written acceptance, in form satisfactory to the City Solicitor, of the franchise, together with the bond and insurance policies required by Sections 711.14, 711.15(a) and 711.15(b) respectively, and his agreement to be bound by and to comply with and to do all things required of him by the provisions of this chapter and the franchise. Such acceptance and agreement shall be acknowledged by the grantee before a notary public, and shall in form and content be satisfactory to and approved by the City Law Director.
(Ord. 19-77. Passed 7-18-77.)