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The grantee shall not, as to rates, charges, service, service facilities, rules, regulations, or in any other respect, make or grant any undue preference or advantage to any person nor subject any person to prejudice or disadvantage.
(Ord. 95-04, passed 2-14-95)
(A) grantee shall not transfer ownership of this franchise to any other person without prior approval of the Town Council by ordinance.
(B) grantee may hypothecate its interest in this franchise for the purpose of obtaining financing. Any change of ownership resulting from any such hypothecation shall not become absolute until approved by the town and until the new owner’s acceptance of this franchise and all of the rights and obligations hereunder.
(Ord. 95-04, passed 2-14-95)
Copies of all petitions, applications and communications submitted by the grantee to the Federal Communications Commission, Securities and Exchange Commission, or any other federal or state regulatory commission or agency having jurisdiction in respect to this franchise shall be maintained by the grantee and, upon request, be submitted to the Town Council.
(Ord. 95-04, passed 2-14-95)
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