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nor transfer any rights under this franchise to another without <br />the approval of the Board, and provided further that no such <br />sale or transfer after such approval shall be effective until <br />the vendee, assignee or lessee has filed with the Board an in- <br />strument in writing reciting the fact of such transfer and accepting <br />the terms of this franchise and agreeing to perform all of the <br />conditions thereof. In any event, this franchise shall not be <br />transferrable and assignable until notice or request for transfer <br />and assignment shall be given by the Corporation to the Board in <br />writing, accompanied by a request from the proposed transferee, <br />which application shall contain information concerning the <br />financial status and other qualifications of the proposed trans- <br />feree and such other information as the Board may require. A <br />public hearing shall be held on such request of which notice <br />shall be given by publication in a newspaper regularly published <br />in the County at least one time not more than one month or less <br />than one week preceding such hearing. Certified proof of <br />publication of such notice shall be filed with the Board. Said <br />hearing may thereafter be continued from time to time as deter- <br />mined by the Board. The consent by the Board to any assignment <br />of this franchise shall not be unreasonably withheld. Any sale <br />or transfer., by the Corporation or Shareholders of the Corporation, <br />taking place contrary to the terms and conditions of this paragraph <br />shall be considered by the Board to be a default by the <br />Corporation under this franchise agreement and subject this <br />franchise to termination. <br />SECTION XIII <br />The rates charged by the Corporation for its service <br />hereunder shall be fair and reasonable and designed to meet all <br />necessary costs of the service, including a fair rate of return <br />on the net valuation of its properties devoted thereto under <br />efficient and economical management. The Corporation agrees that <br />it shall be subject to all authority now or hereafter possessed <br />by the County or any other regulatory body having competent <br />jurisdiction to fix just, .reasonable and compensatory rates. <br />When this franchise takes effect, the Corporation shall have <br />authority to charge and collect, but not to exceed the following <br />