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Section 18. Consistent with the requirements of Rule 76.31 (a).' (6) of <br /> the FCC, any modification of Rule 76.31 resulting from amendment thereto by the <br /> FCC shall to the extent applicable, be considered as a part of this franchise as <br /> of the effective date of the amendment made by the FCC and shall be incorporated <br /> in such franchise by specific amendments thereto by the lawful action of the City <br /> Council within one (I) year from the effective dace of the FCC's amendment or <br /> at the time of renewal of this franchise, whichever occurs first. <br /> <br /> Section 1'9. The rights and privilegs herein granted shall not be assign- <br /> able or transferable in any bankruptcy proceedings, trusteeship, receivership, <br /> or by operation of any law, in any of which events this franchise shall terminate <br /> forthwith, nor shall said Company sell, lease, assign or otherwise alienate this <br /> franchise or any privilege hereunder without the prior approval of Council and <br /> subject to such terms and conditions as Council may provide. <br /> <br /> Section 20. Neither the Company nor any shareholder or employee of the <br /> company shall engage in the business of selling, repairing or installing <br /> television sets within the City during the term of the franchise granted herein. <br /> <br /> Section 21. The City reserves the right to cancel, in the manner herein- <br />after set forth, the franchise granted hereunder, upon the breach of any of the <br />terms and conditions of the within Agreement. Upon any breach thereof, except <br />under the conditions as specified in Section 8 of this Agreement, the City shall <br />g~ve the Company written notice of its intention to cancel said franchise Setting <br />forth the specific acts which are in violation of the terms of this Agreement. <br />Said notice shall be given by certified mail addressed to the Company's local <br />business office. In the event the Company fails to correct said breach or comply <br />with terms and conditions of th~ Agreement within ~,enty (20) days after receipt <br />of said notice, the City shall have the right to cancel this franchise. <br /> <br /> Section 22. Within thirty (30) days from the date of this ordinance taking <br />effect, the Company shall file with the Clerk of the City Council, its written <br />acceptance thereof; thereupon this ordinance shall be a contract between the City <br />and the Company and be binding on both. <br /> <br /> Section 23. That this ordinance shall take effect and be in force from <br />and after the earliest period allowed by law and Ordinance No. 6-6~ adopted <br />Adopted:February 7, 1966 is hereby repealed.~/~..~/~ ~ J ~~~~~ <br /> ~ /' Mayor ~ - <br /> <br /> <br />