§ 12-156. Transfer assignments.

Latest version.

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 mayor. 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 and the applicable fees.

(Ord. No. 11O-06-126, § 1, 6-27-11)

                    
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