Section 6
SEC. 6. This Act shall take effect upon its passage, but the grant of the franchise shall not become operative until the grantee, or its successors or assigns, shall have accepted the same in the form above given and shall within sixty (60) days after the passage of this Act, have executed and delivered the contract and bond herein provided for, and have fully complied with the provisions of this Act, in so far as the same are required to be done and performed at said time.