In addition to all other rights which the Village has pursuant to law or equity, the Village reserves the right to revoke, terminate, or cancel this Franchise and all rights and privileges pertaining thereto in the event that:
(a) Grantee violates any material provision of this Franchise; or
(b) Grantee practices any fraud upon the Village; or
(c) Grantee becomes insolvent, unable or unwilling to pay its debts, or is adjudged bankrupt or a receiver is appointed to it.
(Ord. 02-016. Passed 1-13-03.)