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V <br />ORDINANCE NO. 130 <br />AN ORDINANCE OF THE TOWN OF LOS ALTOS HILLS PRESCRIBING <br />PROCEDURES FOR ISSUANCE OF FRANCHISES TO PUBLIC UTILITIES. <br />WHEREAS, the City Council is the designated agent of <br />the Legislature of the State of California in the matter of <br />granting certain franchises or privileges to any person or <br />corporation desiring to exercise or enjoy rights in, over, <br />on, along and through the pbulic highways of the Town of <br />Los Altos Hills; and <br />WHEREAS, the City Council desires to make uniform regu- <br />lations for all such activities intended to be carried on <br />by any person or corporation in the Town of Los Altos Hills; <br />NOW, THEREFORE, the City Council of the Town of Los <br />Altos Hills does ordain as follows: <br />SECTION 1. The grantee of any franchise granted by <br />this City Council shall not sell, transfer or assign any <br />franchise or any of the rights or privileges granted thereby <br />except by a duly executed instrument in writing; provided, <br />however, that no such sale, transfer or assignment may be <br />made without the consent of the City Council thereto, except <br />that no provision of any franchise shall require any such <br />consent and no consent shall be required for any transfer by <br />the grantee in trust or by way of mortgage or hypothecation <br />covering all and any part of the grantee's property, which <br />transfer, mortgage or hypothecation shall be for the purpose <br />of securing an indebtedness of grantee or for the purpose of <br />renewing, extending, refunding, retiring, paying or cancelling <br />in whole or in part any such indebtedness at any time or from <br />time to time. <br />SECTION 2. Before any use, operation or installation <br />under any franchise shall be permitted, notification shall be <br />LASOSIG R FAISANT -1- <br />