Notwithstanding the provisions of Section 705.06, all of the rights in, title to, and interests of any person, corporation, partnership or other entity granted a franchise pursuant to this chapter shall be assignable for collateral purposes, without prior consent of the Municipality, by the pledge of those rights, title, and interest to secure indebtedness of the franchise holder or affiliates thereof. However, no such assignment or transfer shall be deemed to relieve, excuse or otherwise waive the franchise holder of the duties, liabilities, and responsibilities imposed by the provisions of this chapter.
(1980 Code 122.15; Ord. 18-90.)
(1980 Code 122.15; Ord. 18-90.)