(A) A franchise shall not be assigned nor shall control of the company be transferred without the prior approval of the Town Council, which approval shall not be reasonably withheld.
(B) The company shall not consolidate or merge or enter into any agreement in restriction of competition with any person, firm or corporation engaged in the transmission of television signals by cable to members of the public within limits of the town, and shall not purchase or otherwise acquire all or any portion of any system or plant within the town of any other person, firm or corporation engaged in the transmission of television signals by cable to members of the public within the limits of the town without prior consent of the Council, which consent shall not be unreasonably withheld.
(1991 Draft Code, § 4-103) (Ord. 2-1980, passed 3-24-1980)