Upon the foreclosure or other judicial sale of all or a substantial part of the CATV system, or upon the termination of any lease covering all or a substantial part of the CATV system, the company shall notify the Board of such fact, and such notification shall be treated as a notification that a change in control of the company has taken place and the provisions of the franchise governing the consent of the Cable Board to such change in control of the company shall apply.
(Ord. 450.1, passed 12-4-80)