723.09 FRANCHISE ASSIGNMENT; SALE; RENEWAL.
   (a)    The franchisee shall operate the cable television plant solely. This franchise may not be assigned, set over, transferred or in any way conveyed to any other individual, corporation, partnership or entity without the express prior written consent of the franchisor, provided however, such franchise may be assigned to another individual, firm, corporation or entity identical in ownership to the franchisee where such assignment consists solely of a business structural change and not a sale.
   (b)    In the event of the sale of the franchisee named herein to another individual corporation, partnership or entity, the successor shall first obtain the prior written consent of the franchisor to operate under this franchise, or such franchise shall immediately be null and void.
   (c)    The franchise may be renewed for a like period of time at the option of the franchisee upon the giving of twelve months notice in writing to the franchisor prior to the expiration of the term.
(Ord. 1979-25. Passed 6-19-79.)