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OFFICIAL RECORD <br />Ronk Q <br />v" HuE 539 <br />hand shall provide such demanding person with its services and faci- <br />lities within one year from the date of such demand; provided, <br />however, that the Board may, upon application of the Company, <br />extend the time for providing such service to such demanding <br />person. In the event the Company fails to provide its services <br />and facilities either as to a water system or sewer system or both <br />to any area within the territory within the time provided, then' <br />in such event the County may by resolution of the Board limit, <br />restrict and confine the territory to that area then being sei% <br />viced by both water and sewer by the Company or such greater area <br />as the Board shall determine and thereafter the territory shall <br />be only the area not forth, defined and provided by the Board and <br />the provisions of this franchise shall not extend beyond the limits, <br />of the area so restricted and defined. <br />(b) The Company shall not be required to furnish, supply, <br />install and make available its public,water system or its public <br />sewer system or both to any person within the territory as here- <br />inbefore set forth, unless the same may be done at such a cost <br />to the Company as shall make the addition proposed financially <br />feasible. Financially feasible shall mean that with a fair and <br />reasonable rate to be charged by the Company for all its services <br />under this Franchise; that such rate will produce to the Company <br />a sum sufficient to meet all necessary costs of the services, <br />(including a,fair rate of return on the net valuation of its <br />devoted thereto under efficient and economical management. The <br />'burden of showing that a prospective service to the area is not <br />financially,feasible shall be the burden of the Company. <br />SECTION XIII <br />The Company shall not sell or transfer its plant or <br />system to another nor transfer any rights under this franchise <br />to another without the approval of the Board, and provided further <br />that no such sale or transfer after such approval shall be effec- <br />tive until the vendee, assignee or lessee has tiled with the <br />;Board an instrument in writing reciting the fact of such transfer <br />s <br />*ad accepting the terms of this franchise and agreeing to perform <br />i <br />fall of the conditions thereof. in any event this franchise shall <br />VOCELLE . VOCELLE <br />VERO !EACH, FLORIDA <br />