The village may require that each franchise agreement contain substantially the following representations and agreements, namely that the grantee:
   A.   Will comply with this section 3-1-10, its franchise agreement made pursuant to this section 3-1-10, and all applicable village, county, state and federal regulations in regard to the construction, operation and maintenance of its cable system.
   B.   Accepts the franchise relying on its own investigation and understanding of the power and authority of the village to grant the franchise and the terms and conditions thereof.
   C.   Acknowledges that it has not been induced to enter into the franchise by any understanding or promise or by other statement, whether written or verbal, by or on behalf of the village or by any other third person concerning any term or condition of the franchise or this section 3-1-10 not expressed herein.
   D.   Agrees that the franchise granted to such grantee and its franchise agreement with the village shall be binding upon the particular grantee and all successors, lessees and assigns, as may be approved by the village. The foregoing shall not be construed to permit any change of controlling interest, lease or assignment except those made in compliance with the franchise agreement. (Ord. 09-4-5, 4-7-2009)