1980-087 - Laserfiche WebLink

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of ® The Partnership, or Partners of the Partnership does not sell or transfer its interest to another nor transfer any rights under this ® franchise to another without the approval of the Board, and provided further that no such sale or transfer after such approval shall be effective e until the vendee, assignee or lessee has filed with the Board an instrument in writing reciting the fact of such transfer and accepting the terms of this franchise and agreeing to perform all of the conditions thereof. In any event, this franchise shall not be transferrable and assignable until notice or request for transfer and assignment shall be given by the Partnership to the Board in writing, accompanied by a request from the proposed transferee, which application shall contain information concerning the financial status and other qualifications of the proposed transferee and such other information as the Board may require. A public hearing shall be held on such request of which notice shall be given by publication in a newspaper regularly published in the County at least one time nor more than one month or less than one week preceding such hearing. Certified proof of publication of such notice shall be filed with the Board. Said hearing may thereafter be continued from time to time as determined by the Board. The consent by the Board to any assignment of this franchise shall not be unreasonable withheld. Any sale or transfer, by the Partner- ship or partners of the Partnership, taking place contrary to the terms and conditions of this paragraph shall be considered by the Board to be a default by the Partnership under this franchise agreement and subject this franchise to termination. Partnership warrants adequate capacity to service existing or anticipated customers and agrees not to provide water and/or sewerage service unless adequate capacity is available at the time any new connection is made. _10- GORDON 10- GORDON U. JOHNSTON, ATTORNEY AT LAW, VERO PEACH, FLORIDA