(1) All franchises and grants of special privileges shall be deemed to be non-assignable without the express permission of the Municipal Council, whether or not such limitation is set forth in the body of a franchise agreement.

(2) All applications or proposals for assignment of franchises must be in writing, and a copy thereof filed in the office of City Recorder before any such assignment or transfer will be considered for approval by Provo City.

(3) Any attempt to assign or transfer a franchise without approval of the City not made in accordance with provisions of this Chapter shall operate as a forfeiture of all rights under any franchise agreement.