Section 460.602 - Franchise granted by township board; majority vote; designation as revocable or irrevocable; vote by electors(1) A township may grant a franchise by a majority vote of the township board. The board shall designate a franchise granted under this act as either revocable or irrevocable.(2) If the franchise is designated as irrevocable, approval of the franchise as irrevocable shall be submitted to a vote of the electors of the township at the next election.(3) If the electors do not approve the irrevocability of the franchise, the franchise shall remain valid but continue as a revocable franchise.1909, Act 266, Eff. 9/1/1909 ;--CL 1915, 4837 ;--CL 1929, 11104 ;--CL 1948, 460.602 ;--Am. 1996, Act 322, Imd. Eff. 6/26/1996.