Section 14
SEC. 14. The grantee herein, his successors or assigns, may, with the prior approval of the Board of Public Utility Commissioners, sell, lease, give, grant, convey, or assign this franchise and all property and rights aquired thereunder to any person or corporation: Provided, That for the purpose of the sale, lease, donation, granting, or transfer, it shall be necessary to file in the office of the Secretary of Commerce and Police, for approval, an agreement in writing agreeing to comply with all the terms and conditions imposed on the grantee, his successors or assigns, by the franchise and accepting the franchise subject to all its existing temrs and conditions.