(A) No franchise granted pursuant to the provisions of this chapter shall become effective unless and until this chapter has become effective and in addition unless all things required in this section 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 of any of such things are not done and completed in the time and manner required, the Town Council may declare this franchise null and void.
(B) Within 30 days after the effective date of this chapter awarding a franchise or within such extended period of time as the Town Council, in its discretion, may authorize, the grantee shall file with the Town Clerk-Treasurer its written acceptance in form satisfactory to the Town Attorney, of the franchise, together with a letter of credit, bond and insurance policies required by §§ 112.24, 112.25 and 112.26 of this chapter and its agreement to be bound by and to comply with and do all things required of the by the provisions of this chapter. Such acceptance and agreement shall be acknowledged by the grantee before a notary public and shall be in a form and content to be satisfactory to and approved by the Town Attorney.
(2005 Code, § 95.24)