A. No franchise granted pursuant to the provisions of this chapter shall become effective unless and until the resolution granting same has become effective and, in addition, unless and until all things required in this section and SMC 5.46.130, 5.46.140(A) and (B) are done and completed, all of such things being hereby declared to be conditions precedent to the effectiveness of any such franchise granted hereunder. In the event any of such things are not done and completed in the time and manner required, the Council may declare the franchise null and void.

B. Within 30 days after the effective date of the ordinance awarding a franchise, or within such extended period of time as the Council in its discretion may authorize, the grantee shall file with the City Clerk his written acceptance, in a form satisfactory to the City Attorney, of the franchise, together with the bond and insurance policies required by this chapter and his agreement to be bound by and to comply with and to do all things required of him by the provisions of this chapter and the franchise. Such acceptance and agreement shall be acknowledged by the grantee before a notary public and shall in form and content be satisfactory to and approved by the City Attorney.