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<br />f. <br />r <br />, . <br />r' <br /> <br />:-, <br /> <br />Section 15. Surrender Right. <br /> <br />Grantee may surrender this franchise at any time upon <br /> <br /> <br />filing with the City Clerk of the City a written notice of <br /> <br /> <br />its intention to do so at least six (6) months before the <br /> <br /> <br />surrender date. On the surrender date' specified in the <br /> <br /> <br />notice, all of tho! rights and privileges and all of the <br /> <br /> <br />obligations, duties and liabilities of grantee in connection <br /> <br />with this franchise <br /> <br />shall terminate. 12 <br />r~is I '9c <br /> <br />I <br />, <br />! <br /> <br />Secti.on 16. Transactions Affecting Ownership of <br />Grantee. <br /> <br />. <br />I <br />i <br />I <br />i <br />I <br />i <br />, <br />I <br />I <br />i <br />i <br />i <br />t <br />i <br /> <br />(a) This Franchise shall not be assigned, ,transferred, <br /> <br /> <br />either in whole or in part, leased, or sublet, in any <br /> <br /> <br />manner, nor shall title thereto, either legal or equitable <br /> <br /> <br />or any right, interest or property therein, pass to or vest <br /> <br /> <br />in any person not controlled by grantee without. the prior <br /> <br /> <br />written consent of the City Council which shall not be <br />-....-.-....-.--..-- <br /> <br />~~('.nab_l~ ,,~_~hhel<l". Notwithstanding the aforementioned, <br /> <br /> <br />grantee is expressly eiven the right to assign or mortgage <br /> <br /> <br />its interest hereunder for security purposes only to obtain <br /> <br />funds necessary for the purchase, improvement or operation <br /> <br />of its cable television system herein authorized. <br /> <br />. <br />I <br />j <br />! <br />I <br />, <br />, <br /> <br />(b) The ~rantee shall promptly notify that City of any <br /> <br /> <br />actual or proposed change in, or transfer of" or acquisition <br /> <br /> <br />by ~ny other party of, control of the grantee. The word <br /> <br /> <br />"controll! as used herein is not limited to major stock- <br /> <br />holders but include" actual working control in whatever <br />manner exercised. Every change, transfer, or acquisition of <br />control of the Grantpp shall make the Franchise subject to <br />cancellation unless and until the City shall have consented <br />thereto, which consent will not be unreasonable withheld. <br /> <br />For the purpose of determining whether it shall consent to <br /> <br />Page No. 13 <br /> <br />I; <br />f" <br />, -' <br />, <br /> <br />I <br />I <br />I <br />1 <br />I <br />i <br /> <br />.1 <br /> <br />, <br />I <br />I <br />j <br />J <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br />j <br />I <br />I <br />I <br />