Upon the foreclosure or other judicial sale of all or substantial part of the system, or upon the termination of any lease covering all or a substantial, part of the system, the grantee shall immediately notify the village of such fact, and such notification shall be treated as a notification that a change in control of the grantee has taken place, and the provisions of § 112.20 governing the consent of the Council to such change in control of the grantee shall apply.
(Ord. 28-1986, passed 11-17-1986)