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RES 86-021 RESOLUTION APPROVING THE TRANSFER OF OWNERSHIP OF GROUP W CABLE, INC.
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RES 86-021 RESOLUTION APPROVING THE TRANSFER OF OWNERSHIP OF GROUP W CABLE, INC.
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RES 1986
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RES 86-021 RESOLUTION APPROVING THE TRANSFER OF OWNERSHIP OF GROUP W CABLE, INC.
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STATE OF MINNESOTA <br /> COUNTY OF Hennepin/Ramsey <br /> CITY OF St. Anthony <br /> RESOLUTION NO. 86-021 APPROVING <br /> THE TRANSFER OF OWNERSHIP <br /> OF GROUP W CABLE, INC. <br /> WHEREAS, Group W Cable, Inc. , a New York Corporation <br /> (hereinafter "Group W -Cable" ) , by and through Group <br /> W Cable of the North Suburbs, Inc. , a wholly-owned <br /> subsidiary, owns, operates and maintains a cable <br /> television system in the City pursuant to the terms <br /> and conditions of City Ordinance No. 1982-009 <br /> (hereinafter "Cable Communications Franchise <br /> Ordinance" ) ; and <br /> • WHEREAS, Group W Cable's parent corporation, Wesingthouse <br /> Broadcasting and Cable, Inc. , an Indiana Corporation <br /> (hereinafter "Westinghouse" ) , desires to sell and <br /> otherwise transfer all of the issued and outstanding <br /> shares of the capital stock of Group W Cable, to Century <br /> Southwest Cable Television, Inc. ; a Delaware <br /> Corporation; TCI Holdings, Inc. , a Colorado Corporation; <br /> American Television and Communications Corporation, <br /> a Delaware Corporation, and affiliates of, or <br /> subsidiaries or partnerships owned or controlled by, <br /> Houston Industries Incorporated, a Texas Corporation; <br /> Comcast Corporation, a Pennsylvania. Corporation; and <br /> Daniels & Associates, Inc. , a Delaware Corporation; <br /> (hereinafter "Buyers" ) , and thereby transfer control <br /> of Group W Cable to the Buyers ; and <br />
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