Laserfiche WebLink
12.02 Sale or Transfer of Franchise. The sale or transfer of the Franchise or sale or <br />transfer of stock so as to create a new controlling interest pursuant to Chapter 12 of Board's <br />rules and regulations is prohibited, except at the approval of Grantor, which approval shall <br />not be unreasonably withheld, and that such sale or transfer is completed pursuant to <br />Chapter 12 of Board's rules and regulations and as agreed upon in the Franchise Agreement. <br />12.03 Amendment of Franchise Ordinance and Variance Procedure. <br />A. After published notice, public hearings and deliberations of Grantor, this <br />Ordinance may be amended upon a weighted majority vote of the <br />Commission and the written consent of Company. <br />B. When the Commission Franchise administrator determines that a proposed <br />change, alteration or substitution in Company's Offering will be <br />noncontroversial in nature, the following procedure may be utilized rather <br />than the provisions of paragraph A above. <br />1. The Franchise administrator shall give notice of the intentiott-to <br />change, alter, or substitute a provision of the Offering without public <br />hearing. The notice shall be given by publication in the official <br />newspapers of each City. The notice shall include a summary of the <br />proposed change, alteration or substitution. The notice shall include <br />a statement advising the public: <br />a. That they have ten (10) days in which to submit comment on <br />the proposed change, alteration or substitution; <br />24 <br />