Laserfiche WebLink
M ® - <br />showing that a prospective service to the area is not financially <br />feasible shall be the burden of the Corporation. <br />SECTION XII <br />The Corporation or its Shareholders shall not sell or <br />transfer its. plants or systems or corporate stock to another or <br />transfer any rights under this franchise to another without the <br />approval of the Board. No such sale or transfer after such <br />approval shall be effective until the vendee, assignee or lessee <br />has filed with the Board an instrument in writing reciting the <br />fact of such transfer and accepting the terms of this franchise <br />and agreeing to perform all of the conditions thereof. In any <br />event, this franchise shall not be transferable and assignable <br />until notice or request for transfer and assignment shall be given <br />by the Corporation 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 be <br />held on such request, of which notice shall be given <br />by publication in a newspaper regularly published in the County at <br />least one time not more than one month or less than one week <br />preceding such hearing. Certified proof of publication of such <br />notice shall be filed with the Board. The Board shall act within <br />ninety (90) days upon such request. The consent by the Board to <br />any assignment of this franchise shall not be unreasonably <br />withheld. Any sale or transfer by the Corporation or Shareholders <br />of the Corporation taking place contrary to the terms and <br />conditions of this paragraph shall be considered by the Board to <br />be a default by the Corporation under this franchise agreement and <br />subject this franchise to termination. <br />SECTION XIII <br />Corporation warrants adequate capacity to service <br />existing or anticipated customers and agrees not to provide <br />sewerage,service unless adequate capacity is available at the time <br />any new connection is made. <br />SECTION XIV <br />The rates charged by the Corporation for its service <br />_g_ <br />D E C 1- X99 enc 5.2 PAGE 2,98 <br />