1985-069 - Laserfiche WebLink

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territory as hereinafter set forth, unless the Game mny be done at such a cost to the Owner an "hall make the addition proposed, financially and physically' feasible. Financially feasible shall mean that with a fair nrd rensonnble rate to be charged by the Owner for all the services udder thin frnnchise, to the end, that such rate will produce to the Owner a skim sufficient to meet all necessary costo of the services; including a fair rate of return on the net Valuation of its property devoted the under efficient and economical management. The burden of showing; that a prospectivo service to the area is not financially feasible shall be the burden of the Owner. Ei1:C'1'lUi 1 13 The Owner ohnll not sell or trnnnfer its plant or system to another nor transfer any rights under this franchise to another without the approval of ti►e Board and provided, further, that no such sale or transfer after such approval shall be effective until the vendee, aspignec or lessee has filed with the 13oard an instrutnant in writing; reciting the fact of such transfer and accepting tho terms of this franchise and agreeing; to perforin 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 Owner to the Board in writing;, accompanied by a request from the proposed transferee, which application shall contain information concerning tho financial status and other qualifications of the proposed transferree and such other information as the Board may recgi6re. A public hearing shall be held on such request of which notice shall bo given by publication in a newspaper regularly published in the County at least one time not more than one month nor less than one week preceding; such hearing. (:t►•lified proof of publication of nuch notice shall be MCA with thfr Iloard . ,Haid hearing; may thereafter be continued from time to time no determined by the. Iloard . Thl! Hoard will, however, approve or dio- approve such hale or transfer within ninety (00) days from the date of said public hearing. The consent by the Board to any aseig;nment of this franchise