1960-002 - Laserfiche WebLink

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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, in- stall and make available its public water system or its public cower systom or both to any person within the territory an hereinbefore set forth, unless the same may be done at such a cost to the Company as shall make the addition proposed, financially and physically feasible. Fth ancially feasible shall mean that with a fair and reasonable rate to be charged by the Company for all its services under this franchise. That such rate will produce to the Company a=, sufficlont to meat, all necessary costs of the services, lncluding a fair tato of return on the net valuation of its property devoted theroto, under eft'icient and economtcal management. aFie burden of showing that a,prospoctive service to the area is not financially feasible shall be the burden Of tho Company, 9gC'fI till 1 The Company shall not sell or tran,,irer its plant or system to another nor transror any riphta under this franchtse to anoti-or without the approval of the Board and provided, further, that no such sale or transfer after such approval #hall be effective until the vondoe, assig;noe or loasoo hers .filed with the Board an instrrmsant in writing reciting, the fact or such transfer and accepting the terms of this franchise and afreoing to perform all or the conditions thereof. In any event this franchise shall not be transferrable and assignable until notice or request for transfer and asaigr't ont shall be given by the Company to the Foard in writini*, accompanied by a request from the proposod transf@roe;, which application shall contain Information con- cerning the financial status and oth4r qualificrttlons of th© proposed transferee and such other information as the Foard may require. A public hearing shall be held on such request of which notice shall be given by publtcation in a newspaper regularly published in the County at lease one time not more than one month nor less than one wook pro- ceeding such hoarinp. Certified proof of publication of such notice shall be filed with the Hoard. Said honring may thereafter be continued from time to time as determined by the P,oard, `.Cite Hoard will, however, approve or disapprove said sale or transfer within ninety {qp} days from the date of said public hearing. The consent by the Poard to any assignment of this franchise shall not unreasonably be withhold. -7-