§ 3-129. Terms.

Latest version.

(1)

Franchises, privileges and permits shall specify their purpose and the streets or other public areas which they affect. No perpetual franchise shall be granted.

(2)

The Council shall, when granting an indeterminate permit, and may in other instances, reserve to the City the right to purchase the property of the utility devoted to the service furnished.

(3)

The Council may require adequate consideration for the privilege of using the streets or other public areas in the ordinance granting a franchise, privilege or permit.

(4)

No assignment of any franchise, privilege or permit shall be valid without the approval of the Council.

                    
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