The Manager shall provide and cause to be kept in the office of the City Clerk a franchise record, indexed and of proper form in which shall be transcribed accurate and correct copies of all franchises and grants by the City to any person, persons or corporation, owning or operating any public utility. The index of said record shall give the name of the grantee and thereafter the name of any assignee thereof. Said record shall be a complete history of all franchises granted by the City and shall include a comprehensive and convenient reference to actions, contests or proceedings at law, if any, affecting the same, together with all reports and inspection reports as herein provided and such other matters of information and public interest as the Mayor or Manager may, from time to time, acquire, and such other matters as the Council may by ordinance direct. All annual and inspection reports may by direction of the Council be published once in the official newspaper of the City, or printed and distributed in pamphlet form, as the Council may deem best, and in case annual reports are not filed and inspections are not made as provided, the Mayor shall, in writing, report to the Council the reason therefor, which report shall be transcribed in the record of the person, persons or corporation owning or controlling said franchise or grant, and published in the official newspaper of the City, or printed and distributed in pamphlet form as the Council shall deem best.

The provisions of this section shall apply to all persons or corporations operating under any franchise now in force or hereafter granted by the City.