The grantee shall not engage directly or indirectly in the business of selling, leasing, renting, furnishing, providing, repairing or servicing any television, radio or other receiving apparatus or any component part thereof within the city (except those used in connection with the operation of the cable system); and such prohibition shall extend and apply to officers and directors of grantee, to all general and limited partners of grantee, to any person or combination of persons owning, holding or controlling 5% or more of any corporate stock or other ownership interest of grantee, or any affiliated or subsidiary entity, owned or controlled by grantee, or in which any officer, director, stockholder, general or limited partner, or person or group of persons holding, or controlling any ownership interest in grantee, shall own, hold or control 5% or more of any corporate stock or other ownership interest; and such prohibition shall likewise apply to any person, firm or corporation acting or serving in the capacity of a holding or controlled company.
(Ord. 94-09, passed 9-12-94)