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Any person, corporation, partnership or joint venture which has been awarded a franchise prior to the enactment of the ordinance codified in this chapter may continue to operate under the previously awarded franchise and all terms and conditions thereof until the expiration of the term thereof. However, any cable television system franchisee may apply to bring its operations under the regulation of this chapter by making a written application and by complying with all of the above terms and conditions. (Ord. 788, eff. 6/24/92)