The rights and privileges herein granted shall not be assignable or transferable without the consent of the City in any bankruptcy proceedings, trusteeship, receivership, or by operation of any law, in any of which events this franchise shall, at the option of the City, terminate forthwith; nor shall said Company sell, lease, assign or otherwise alienate this franchise or any privilege hereunder to an entity not under common control with the Company without the prior approval of Council. Such approval shall not be unreasonably withheld.
(Ord. 91-102. Passed 10-21-91.)