§ 54.81. Transfer Assignments.

(a)

The Permittee shall not transfer or assign its interest in any Permit issued in accordance herewith, other than a general assignment of the Permittee's entire assets or a pledge of the assets as collateral on a loan, without the prior written authorization of the Director, Department of Public Works. For purposes of this section, a merger or consolidation of the Permittee with another company shall not be deemed a transfer or assignment. The assignment of the right to a nonaffiliated company to place a line, cable or fiber optic within a permitted conduit or duct bank of a Permittee is subject to the requirement of an additional Telecommunication Permit.

(Ord. of 9-14-1987, Doc. #21481)