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<br />l <br /> - <br />, ,. <br />j <br />, .;.. '. <br />, I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />.1 <br />i <br />i <br />j <br /> , <br /> i <br /> ) <br /> i <br /> I <br /> ; <br />J <br />I <br /> I <br /> I <br /> I <br /> I <br /> 1 <br /> I <br />{ <br /> , <br />I <br /> , <br /> , <br /> I <br /> I <br /> I <br /> <br />. ~. <br /> <br />such change, transfer. or ac.qu:Lsition of control, the City <br />may inquire into the qualifications of the prospective <br />controlling party, and the grantee shall assist the City in <br />any such inquiry. <br /> <br />(c) The consent or approval of the City Council to any <br /> <br /> <br />transfer of the Franchise shall not constitute a waiver or <br /> <br />release of the rights of the City in and to the streets, <br /> <br /> <br />and transfer shall by its terms be expressly subordinate to <br /> <br />the terms and conditions of this Franchise. <br /> <br />(d) Th:,City Council re.s.e.:t:Y.!'!. the.ri..l?ht.~~rev.lz!...t:he <br />purchase price of any proposed transfer or assignment of ~ <br />. _.,,"'~. . <br />...a~-.!'ystem, Any assignee, ,.t.o.~ tl\Ml.Franch1u...#..iIIl!.tUW <br /> <br />"&&;:eo;s".tAAt.any negotiated sale .val.wl ifunreUQUl!.\t.!'..,,,!.H <br /> <br />not be considered in the rate base fl).r.. B.tl.l....J!.u!>n,~'_!!!i!;..--'. <br />, <br /> <br />req\l~',t . ur rate increases. <br />...."'..'\0 <br /> <br />(e) In no event shall a transfer of ownership or <br /> <br /> <br />control be approv~d without successor in interest becoming a <br /> <br /> <br />signatory to this Franchise agreement. <br /> <br />Section 17. Fee. <br /> <br />Grantee shall pay to the City of Paris a sum equal tp <br /> <br /> <br />three (3) percent of the gross receipts. exc11's.ive ;9.t" <br /> <br /> <br />~t~llation charges. collected by it as and for its monthly <br /> <br />service charges for the transmission and distribution of the <br /> <br /> <br />signals of television and radio broadcast signals and the <br /> <br /> <br />provision of nonhroadcast services it is required to provide <br /> <br /> <br />by the FCC from its central .receiving and distribution <br /> <br /> <br />Rtation to be located in or near the City of Paris to <br /> <br /> <br />residential and commercial users of said grantee located in <br /> <br /> <br />said city for the proceding calendar year, such annual <br /> <br /> <br />franchise payments being due and payable on or before <br /> <br />Page No. '14 <br /> <br /> <br />