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its public water system and its public sower system to any and all persons within the territory making demand, therefor, and shall provide such de- / mending person with its services and facilities within one year from the date of such demand; provided, however, that the Board may, upon application of the Company, extend the time for providing such service to such demand- ing person. In the event the Company,fails to provide its services and facilities either as to a water system or sewer system or both to any area within the territory within the time provided, then in such event the County may by resolution of the Board limit, restrict and confine the territory to that area then being serviced by both water and sewer by the Company or such greater area as the Board shall determine and thereafter the territory shall be the only area set forth, defined and provided by the Board and the .provision of this franchise shall not extend beyond the limits of the area so restricted and defined. b. The Company shall not be required to furnish, supply, install and make available its public water system or lta public sewer system or both to any person within the territory as hereinafter set forth, unless the same may be done at such a cost to the Company as shall make the addition pro- posed, financially and physically feasible. Financially feasible shall mean that with a fair and reasonable rate to be charged by the Company for all the services under this franchise. That such rate will produce to the Company a sum sufficient to meet all necessary costs cf the services; including a fair rate of return on the net valuation of its property devoted thereto, under efficient and economical management. The burden of showing that' a pro - spec' t.ve service to the area is not financially feasible shall be the burden of the Company. SECTION 13 The Company shall not sell or transfer its plant or system to another nor transfer any rights under this franchise to another without the approval of the hoard and provided, further, that no such sale or transfer after such approval shall be effective until the vendee, assignee or leasee ha$ filed BOOK 12 f'AGE 79 -6- MITCHELL, SHARP & MITCHELL, ATTORNEYS AT LAW, VERO BEACH, FLORIDA JO 8 1959