30 - Adoption of Voter-Approved Amendments to the City's Home Rule Charter

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term originally fixed by the ordinance granting the same, except as pFovided by the terms of the city Char-teF; HOF, except as h -e -F -P -1 -m -after- provided, shall any franchise be granted to any per -son, firm or- corporation, their- associates, assigns or- successors, to aequir-e the physical PFOPeFtr, rights or- fFanchise of another- PeFSOnj firm or- eoFpOFation:to w-hOm Or- 3im-b-i-rCh -n h -as already been granted by the citr, whereby the rights and properties held and used under- such &anehise are assigned to any other- per -son, firm or- cor-por-a &anchise of the per -son, firm oF coFpor-ation selling surch physical pr-opeFtieS,, Fights OF fFanchises; womoted provided, by per-mittin- however-, th-at . ing mxhefl- the -it shall properties appp--n-rm of two Uh-e or- more public welfarmp companies 4441-1- doing h-p- t same character- of business to . be under- one eommon owner -ship *-Ike efty mayj, in gr-antin&a franchise for- such properties, allow or, r-equilrf-p- t -:h -p- o3i AVner-!ship of such pr-ope-rtie-s to become vested i„ one owner -ship or one corporation pr-ovided that no debts or corporation, per -son or- ascsaor-intia� of peFsons acquiring the owneFShip of such pFoper-ties h debts and obligations of gaud J them, as could, at the uh-e cFeation of such indebtedness, lawfully be created under- the constitution and laws of the is peFmitted amount of expended State under Such pursuant of -i-a-dip-h-te-d-Re-sis Texas, the provisions to the and rules only shall and to the of the be fixed regulations e.-Aent ordinance nr- that limitpd to the assumption granting i -n- rair-h be formulated such or-di-n-anc-P of such- f0anchise and by the Gity ha-d-p-h-te-dness and thp council the Ramp fr-!om § 121 Droserlllre The -Ch, of Par -is have the power-, byerdinance, mentioned until its third in the and preceding final reading sections shall hereof, he which at three separate ordinance reg shall lar not be meetings passed of the fina By rite u -m -f -A-1 of first. the City No ordinance of granting 7 the last a fr-anehise of which shall shall take pass place any not less reading than thiFty eyeept by avote days fFomthe of major-fty of the efty council, and SUCh OFdinance shall not take effect until six -Ay daysits adoption on its third and final reading) pr-ovided, J that if at any time bel C" Council sih--afl- --sub-mit the question of the granting of said franchise to a vote then of the qualified3voter-s said c;itr, ho- the- o-f-flic-lal provided newspaper- of the C" that of notice of Par -is thereof the City at the shall of Par next be -is pFier- succeeding published at to the holding gene -Fal least twenty of ele-c-Mion days said election. to h -p- successively hp Ball - shall be used briefly describing I(For- the franchise to be voted on A and the "Against terms thereof and „ containing the words, the grunting of a . The vete shall be canvassed by the governing body, a„d should it result it a majority of uFor- u by those voting ther-eon casting their -motes the gFanting of a , then or- enteFed in its minutes, the city counell shall So d-e-c-l-mr-p- -wnd at- roacce- But be tr n take effect. sh-c-buld a majOFit-Y of • such votes east ascepir-tail-m-ed by the eity , council, minutes,