Loading...
R-290-2-804 Resolution No. 290 - A STATE OF TEXAS COUNTY OF Collin ASSIGNMENT OF CABLE TELEVISION FRANCHISE WHEREAS, on August 3, 1978, the City of Allen, Texas, an incorporated municipality organized under the laws of the state of Texas, enacted Ordinance No. 247 granting to Cablevision of Allen, a subsidiary of Media Systems, Inc., a franchise to furnish and supply cable television to the general public in the City of Allen, Texas; and, WHEREAS, Cablevision of Allen, is desirous of assigning unto Media S stems" y ,Inc., said franchise; and, WHEREAS, the City Council of Allen, Texas, deems it to be in the best interests of its citizens to approve said assignment; NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, Cablevision of Allen, a subsidiary of Media Systems, Inc., hereby irrevocably assigns, transfers, and conveys unto Media Systems,Inc=�., that certain cable television franchise granted by virtue of Ordinance No. 247 of the City of Allen, Texas, together with all rights, privileges and licenses incident thereto. In further consideration of the assignment contained herein, Media Systems,-inc:, hereby agrees to assume all liabilities in anyway associated with said franchise, and further agrees to accept all terms and perform all conditions therein contained. Cablevision of Allen hereby warrants that it is not in default of any term or condition under said franchise. U In accordance with the terms of Ordinance No. 247 of the City of Allen, Texas, which ordinance prohibits the assignment of said cabletelevision franchise without'.the prior approval of the City, the City, by its execution hereof, hereby approves this assignment. EXECUTED this A—Iai— day of February, 1980. Cityo SAZenexas Ca isio of By: By: Mayor G rge R. Gunter, TTEST : Medi City Secretary 1