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<br />CTION
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<br />SECTION
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<br />8. SALE OR TRANSFEJ OF THE ,E ITTEE'S S STEM
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<br />Th P . t t h,1 ~ t > II I f·! . .
<br />e erml ee s a'T~ no t n >er or assJ¡.gn ~ ts ~nterest
<br />in any permit iSS\,1~.' d in O'I,o,qance here'fith, other than
<br />a general assignm~:t;¡lt of t ..' i.' rmittee' s fntire assets or
<br />a pledge of the a~/3ets asoi',lateral on I a loan I without
<br />the prior written auth ~I tion of ~he City. For
<br />purposes of this ~.,ection . ¡!merger or cionsolidation of
<br />the Permittee wit~!!anothe : tnpany shall not be deemed a
<br />transfer or assig,,ment. el i qssignment ¡ of the right to
<br />a non-affiliate c~mpany ~ p' qce a line J cable or fiber
<br />optic cable Withiry.i' a perm' . '1(:1 conduit o~ duct-bank of a
<br />Permittee is subj~çt to t > quirement pf an additional
<br />teleoommunication I Fermit l ¢il! the apPlicrble fees.
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<br />9. EXISTING SYSTEM~i ' ,: i
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<br />A. Lines or oables 0l~ priva :: ]'pmm,,:ni~atiqn s);'stems which
<br />had been construct:ed or . c:; d wlthln t~e Clty streets,
<br />public ways or t,;µblic ,q'les prior fO the date of
<br />enactment of thisíul,ordina ,¡I were permit¡ted to be there
<br />only by virtue of ,: a revo > > Ie license. I Such lines and
<br />cables may remain I :ithin . 1>' ity street~ I public ways or
<br />publ ic places prov,~ded th ,;r ~!vate communlications systems
<br />owners comply witþ.... the p ~;V.' .' ..isions of tljJ.is Ordinance as
<br />they relate to thr... exist' 1 ;11 ines and ctbles.
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<br />Except as hereinai~.. ter pr .:.1,: :edl the pr1visions of this
<br />Ordinance shall ~ecome ~'> 'ctive as to pre-existing
<br />private communicap:ions s :,~! s on Janua y 1, 1996. The
<br />private communica.t:iL..·ons s s,>e'~ß companieìor owners which
<br />have facili ties wl~thin t ~r' ',i'ty street on the date of
<br />enactment of this I :Ordina ~I II hall have ,ntil January 1/
<br />1996 to obtain pe~~its fo ~'eir existi~g system, to pay
<br />the applicable feei¡ prorat ,I;S of Januar I 1, 19'96, and to
<br />fully comply Withl"the pr "'i:~ns of thi Ordinance.
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<br />The applicable fe~ for li,e >¡ cables, nd fiber optics
<br />which we~e eXisti,~.:.g.:. W. ith·~.i,t e City streets, public ways
<br />and publ1C placesl:!on Jan :' Ill/ 1995, s all be prorated
<br />over a two year ~:;transit' ,ë:i;! period. ,The fee for the
<br />first calendar ye;:iI=' appl' bi e to the e:xjisting lines and
<br />cables shall be f~.iftY p ~'~ t (50%) 04 what otherwise
<br />would be due in:1 accor c:' with th~ terms of this
<br />Ordinance. The fEff for t :: ~II> cond year hall be seventy-
<br />fiv7 1?erce:nt (7~¡%) of ~II> actual mount and 100%
<br />beglnn~ng ln yearj :,3. » > Iii I
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