The grantor reserves the right, at its discretion, from time to time, to determine if the entity described in § 112.042 of this subchapter is performing its purposes in a manner satisfactory to the grantor, and, if it is not, the grantor may receive and reallocate all or a portion of the channel capacity, operation appropriation, and capital appropriation, including any facilities and equipment purchased previously with such appropriation, to another entity. A new entity shall be required to comply in all respects with the legal responsibilities which were assumed under § 112.042.
('65 Code, § 7-8.504) (Ord. 244-C.S., passed - - )