(A) Pursuant to full consideration and approval of the grantee’s legal character, financial, technical, and other qualifications, and the adequacy, feasibility, and extent of its construction arrangements, and as part of a full public proceeding affording due process, the village, hereinafter called the grantor, does hereby grant to the local cable provider and to its successors and assigns, the rights, privilege, and authority and franchise to operate in, over, upon, and under the streets, alleys, and highways, and to erect other appurtenances and to maintain and use the same as a coaxial cable system for distribution of television, radio, and other signals into subscribers’ homes and to business establishments within and throughout the village.
(B) The grantee shall not transfer the franchise to another person without prior approval from the grantor.
(Prior Code, § 10-1-2) Penalty, see § 114.99