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Section V11. j)uratiOn of franchise; termination; transfer. <br />(a) Any franchise granted shall be <br />nonexclusive, shall be for a term of up to fifteen (15) years <br />from the effective date thereof as specified in Section VI <br />above, and shall be renewable for a period of ten (10) years <br />upon terms satisfactory to both the County and the Grantee. <br />(b) No transfer of control of the CATV system shall <br />take place, whether by forced or voluntary sale, lease, <br />mortgage, assignment, encumbrance or any other form of <br />disposition, without prior notice to and approval by the <br />board which shall not be unreasonably refused. The notice <br />shall include full identifying particulars of the proposed <br />transaction, and the board shall act by resolution. The <br />board shall have sixty days within which to approve or <br />disapprove a transfer of control; if no action is taken <br />within sixty days, approval shall be deemed to have been <br />given. <br />For the purpose of this section the term "control" <br />is not limited to majority stock ownership, but includes <br />actual working control in whatever manner exercised. -4 <br />rebuttable presumption that a transfer of control has <br />occurred shall arise Upon the acquisition or accumulation by <br />any person or group of persons of 10 percent of the voting <br />shares of the company. <br />In the absence of extraordinary cjr:cumstancF s the. <br />T3oard will nn,- cloprove any transfer or assignment of a <br />_ I- - <br />IM <br />