Village Council reserves the right to approve of any transfers of the franchisee, in order to ensure uniformity of service and continuity of rate structures. In the event of an approved franchise transfer, any resultant good will or going business value will not be recognized by the village as an investment in subsequent rate review proceedings. Any company selected under the terms of this chapter shall not sell, lease, assign, or otherwise alienate the franchise grant or any privilege thereunder, without first acquiring the approval of Council.
(Ord. 742-80, passed 12-9-1980)