§ 5. Transfer of ownership or control.

(a)

Assignment or Transfer. This Franchise shall not be assigned or transferred without the prior approval of the City Council of the City of Altus which shall not be withheld unreasonably. The purchaser, assignee, or transferee must demonstrate to the satisfaction of the City Council of the City of Altus, its financial and technical ability to operate and maintain the System.

(b)

Notice. The Franchisee under this document shall give the City of Altus written notice of any proposed purchaser, assignee, or transferee of this Franchise and should the City fail to call a meeting of the City Council to consider and act upon such proposed sale, assignment or transfer within sixty days following receipt of written notice of such proposed sale, transfer, on assignment, the City shall be deemed to have consented to the proposed sale, transfer, or assignment.