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territory shall be only the area set forth, defined and provided <br />by the Board and the provisions of this franchise shall not <br />extend beyond the limits of the area so restricted and defined. <br />(b) The Company shall not be required to furnish, <br />supply, install and make available its public water system or its <br />public sewer system or both to any person within the territory <br />as hereinabove set forth, unless the same may be done at such a <br />cost to the Company as shall make the addition proposed <br />financially feasible. Financially feasible shall mean that with <br />a fair and reasonable rate to be charged by the Company for all <br />its services under this franchise; that such rate will produce <br />to the Company a sum sufficient to meet all necessary costs of <br />the services, including a fair rate of return on the net valuation <br />of its property devoted thereto under efficient and economical <br />management. The burden of showing that.a prospective service to <br />the area is not financially feasible shall be the burden of the <br />Company. <br />SECTION XIII <br />The Company shall not sell or transfer its plant or <br />system to another nor transfer any right under this franchise <br />to another without the approval of the Board, and provided <br />further that no such sale or transfer after such approval shall <br />be effective until the vendee, assignee, or lessee has filed <br />with the Board an instrument in writing reciting the fact of <br />such transfer and accepting the terms of this franchise and <br />agreeing to perform all of the conditions thereof. In any <br />event, this franchise shall not be transferrable and assignable <br />until notice or request for transfer and assignment shall be <br />given by the Company to the Board in writing, accompanied by a <br />request from the proposed transferee, which application shall <br />contain information concerning the financial status and other <br />qualifications of the proposed transferee and such other <br />information as the Board may require. A public hearing shall <br />be held on such request of whi&lnotice shall be given by <br />-8- <br />OCT 2 2 1975 <br />g_ <br />OCT221975 <br />POO <br />45 <br />