(A) It shall be the right of all subscribers to continue receiving service insofar as their financial and other obligations to a company are honored. If a company elects to overbuild, rebuild, modify or sell its system, or the Town gives notice of intent to terminate or fails to renew a franchise, such company shall act so as to ensure that all subscribers receive continuous, uninterrupted cable service regardless of the circumstances.
(B) If a new operator acquires a system, a transferring company shall cooperate with the Town, and the new franchisee or operator in maintaining continuity of cable service to all subscribers. During such period, a transferring company shall be entitled to the revenues for any period during which it operates the system and shall be entitled to reasonable costs for its services until it no longer operates the system.
(C) If a company fails to operate the system for seven consecutive days without prior approval of the Town or without just cause, the Town may, at its option, operate the system or designate an operator until such time as such company restores cable service under conditions acceptable to the Town or a permanent operator is selected. If the Town is required to fulfill this obligation for a company, such company shall reimburse the Town for all reasonable costs or damages in excess of revenues from the system received by the Town that are the result of such company’s failure to perform.
(`83 Code, § 13-524)