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14 <br /> channel programming available to grantee at no charge. <br /> Section XI . Effective date. <br /> Subject to the provisions of Section VI of the ordinance, <br /> this franchise shall become effective on the date on which <br /> grantee files the acceptance, bonds, fees and expenses, and proof <br /> of insurance required by the ordinance. <br /> Section XII. Repeal of Preexisting Permitted Use Franchise. <br /> Upon acceptance of this franchise as provided herein the <br /> Preexisting Permitted Use Franchise effective May 12 , 1982 <br /> granted to Alert Cable TV of North Carolina, Inc. is repealed. <br /> First Reading. <br /> The foregoing ordinance received the following vote and was <br /> duly adopted this day of 1987: <br /> Ayes: <br /> Noes: <br /> Absent or Excused: <br /> Second Reading. <br /> The foregoing ordinance received the following vote and was <br /> duly adopted this day of 1987: <br /> Ayes: <br /> Noes: <br />