§ 26.02. Assignability.

Latest version.

All franchises which involve the use of the streets, alleys or city property, or the principal object of which is to furnish public service, are and have been granted because of confidence in the beneficiary of the privilege, and the belief that such beneficiary will fully perform all duties to the City and to the public, according to their respective rights and the law, and no such franchise shall be assignable except with the approval of the City Council.

(Code 1948, § 40.02)

                    
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