The Board, pursuant to the provisions of Section 11-1.1605 of this article, may consent by duly adopted resolution to the sale, transfer, assignment, mortgage, pledge, lease, sublease, or other transfer of right, title, or interest in property mandatorily included by Section 11-1.702 of Article 7 of this chapter within that authorized to be purchased, or in a franchise issued pursuant to the provisions of this chapter, when such transfer is for a purpose other than securing a loan of capital. Any such transfer shall be subject and subordinate to the rights of the County under the franchise documents for the franchise, and the transferee shall acknowledge in writing such subordination and agreement to comply with and be bound by the terms, conditions, provisions, and requirements of the franchise documents. (§ 1, Ord. 961, eff. October 27, 1983)