A franchise shall be signed by the designated head of the governing
body, the Mayor, or acting Mayor, and attested by the grantor Manager/Secretary.
The franchise shall be published in accordance with the requirements
of grantor and state law and shall take effect upon acceptance by
grantee.
A.
A grantee shall have 30 days from the date of adoption of a franchise
by the grantor to accept a franchise and written evidence of the authority
of the person signing the acceptance and franchise agreement has been
so authorized. Such acceptance by grantee shall be deemed the grant
of a franchise for all purposes. In the event acceptance does not
take place within 30 days or such other time as the grantor might
allow, a franchise shall be null and void.
B.
Upon acceptance of a franchise, a grantee shall be bound by all the
terms and conditions contained in this chapter and the franchise.
C.
With its acceptance, a grantee shall also deliver any security deposit,
insurance certificates, and/or performance bonds as required in this
chapter and in a franchise agreement.
