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L <br />territory to that area then being serviced by sewerage`.'fiy'the <br />Corporation or such greater area as the Board shall determine; <br />and thereafter, the territory shall be only the area set forth, <br />in the resolution by the Board. <br />(b) The Corporation shall not be required to fish, <br />supply, install and make available its sewerage system to any <br />person within the franchise area unless the same may be:,dpue;at <br />such a cost to the Corporation as shall make the addition <br />proposed financially feasible. Financially feasible shall mean <br />that a fair and reasonable rate to be charged by the Corporation <br />for all its services under this franchise; that such rate of <br />return on the net valuation of its property devoted thereto <br />under efficient and economical management. The burden of <br />showing that a prospective service to the area is not <br />financially 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 <br />given by the Corporation to the Board in writing accompanied by <br />a 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 shall require. A public hearing shall <br />ME <br />3?3 <br />APR 019�� eeo � Pac <br />