Transfer of the cable television franchise heretofore issued to Stadonick, Inc., by virtue of the sale of all stock in the corporation in Crescent Cablevision Limited is approved. The board approves of the financial responsibility shown by the purchasers. This transfer and franchise is specifically subject to the agreement by the purchasers to comply with all provisions of the ordinance codified in this section and of provisions relating to franchises set forth in Ch. 5.08.
(Ord. 81-22 § 1, 1981.)