<div class="chunk-title">Sec. 50-68. - Sale or lease of franchise.</div>
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            <p class="incr0">
               (a)
               </p>
            		
            <p class="content1">
               A franchise granted under this division shall be deemed a privilege to be held in
               personal trust by the grantee. It shall not be sold, sublet, transferred, leased,
               assigned or disposed of in whole or in part either by forced or voluntary sale, merger,
               consolidation or otherwise without the prior consent of the board of commissioners,
               expressed by resolution, and then only under such conditions as may be prescribed;
               nor shall title, either legal or equitable, or any right, interest or property pass
               to or vest in any person either by the act of a grantee or by operation or law without
               the written consent of the board of commissioners. The board of commissioners shall
               act upon a request for such consent within 90 days of the date of request, and such
               consent shall not be unreasonably withheld. The granting, giving or reserving of any
               one or more of such consents shall not render unnecessary any subsequent consent or
               consents.
               </p>
            		
            <p class="incr0">
               (b)
               </p>
            		
            <p class="content1">
               Nothing in the franchise shall act to give the grantee vested property rights such
               that they may be effectively transferred or disposed of voluntarily or involuntarily
               without the consent of the board of commissioners.
               </p>
            		
            <p class="incr0">
               (c)
               </p>
            		
            <p class="content1">
               Any transfer or assignment or other distribution of any of the rights under the franchise
               shall be made only by an instrument in writing, a duly executed copy of which shall
               be filed in the office of the clerk to the board of commissioners at least 30 days
               after such transfer or assignment shall have been executed or effected and shall reflect
               the consent of the board of commissioners.
               </p>
            		
            <p class="incr0">
               (d)
               </p>
            		
            <p class="content1">
               Nothing in this section shall be deemed to prohibit a mortgage or pledge of the CATV
               system equipment or any part or a leasing by a grantee from another person of the
               CATV system equipment or part for financing purposes or otherwise. Proceeds of such
               financing are to be used in the construction or operation of the system franchise
               under this division. Any such mortgage, pledge or lease shall be made only with the
               prior approval of the board and shall be subject and subordinate to the rights of
               the county under this article or applicable law, and provided that any involuntary
               transfer of ownership pursuant to such a mortgage or pledge shall be subject to the
               board of commissioners' right of consent.
               </p>
            		
            <p class="incr0">
               (e)
               </p>
            		
            <p class="content1">
               Upon the expiration or termination of a franchise, the county, on its own motion or
               at the request of the grantee, may require the grantee to operate the franchise for
               an extended period of time not to exceed six months from the date of any such resolution.
               All provisions of the franchise shall continue to apply to operations during an extension.
               The county shall serve written notice at the grantee's business office of intent to
               extend under this section at least 30 days prior to the expiration of the original
               franchise.
               </p>
            		
            <p class="historynote0">
               (Code 1978, Â§ 6-135)
               </p></div>