Orange County NC Website
Browse       Search
i <br /> I <br /> t <br /> I <br /> agrees to be bound by and to comply with the provisions of this I <br /> I <br /> ordinance and the franchises and shall he in such form and consent <br /> j <br /> as to be satisfactory to and approved ,by the County attorney. � <br /> i <br /> (c) Concurrently with the filing of the written <br /> acceptance, the grantee shall file with the Count, Manager the bona? <br /> t <br /> letter of credit, and insurance policies required by section <br /> XIV hereof. s 1 <br /> f <br /> (d) The effective date of any fr nchiso grantcd shall be !G <br /> date on which the grantee files the acceptance, bond and proofs <br /> i <br /> of insurance as required herein; provIdA, however, if any of <br /> r <br /> i <br /> the material required to be filed with the ,acceptance or the <br /> acceptance itself is defective <br /> or fails to meet with �t >praval.f <br /> the franchise shall not he effective until such defect is cured, <br /> or such approval is obtained. <br /> I <br /> Section VII. Duration of franchise; termination; Transfer. � <br /> I <br /> (a) Any franchise granted shall be exclusive or non- <br /> exclusive, shall be for a term of up to fifteen. U Y years from L.h� <br /> 3 r <br /> effective date thereof as specified in section I above,-and shall <br /> be renewable for a period of ten (10) years upon terms satisfactod <br /> to both the County and the Grantee. <br /> 1 { <br /> I (b) No tranfer of control of the CATV system shall take <br /> s <br /> place, whether by forced or voluntary sale, lease, mortgage, <br /> assignment, encumbrance or any other form of disposition, with- <br /> out prior notice to and approval by the county board which shall <br /> not be unreasonably refused. The notice shall include full <br /> identifying particulars of the proposed transaction, and the <br /> Icounty board shall act by resolution. The board shall have <br /> i sixty days within which to approve or disapprove a transfer of 1 <br /> control; if no action is taken within sixty days, approval shall <br /> j <br /> be deemed to have been given. <br /> I <br /> For the purpose of this sectit,n the term ''control'' is <br /> COLEMAN, BZW: NOLX t <br /> tx Dizimasos �• <br /> ATTORNEYS AT[kV <br /> not limited to majority stack ownership, but includes actual ; <br /> CHt.PE-iil:.L.N <br /> 1 fe'LUDORLA;GKN,C. working Control in whatever manner exercizeS A rebuttable <br /> t - <br /> presumption that a transfer of control has occurred shall arise <br /> i <br /> upon the acquisition or accumulation by any person or group of <br /> I <br />