Grantee
may not sell, transfer, lease, assign, sublet, or dispose of, in whole
or in part, either by forced or involuntary sale, or by ordinary sale,
contract, consolidation, or otherwise, the franchise or any of the
rights or privileges therein granted, without the prior written consent
of the city council, which consent may not be unreasonably denied
or delayed. Any attempt to sell, transfer, lease, assign, or otherwise
dispose of the franchise without the written consent of the city council
is null and void. The granting of a security interest in any assets
of the grantee, or any mortgage or other hypothecation, will not be
deemed a transfer for the purposes of this subsection.