Howard County                                   2681

(d)   The security fund including the amount represented by the surety
bond deposited pursuant to this section shall become the property of
Howard County in the event that the franchise is cancelled by reason of
the default of the Grantee. The Grantee, however, shall be entitled to the
return of such security fund, or portion thereof, as remains on deposit
with Howard County at the expiration of the term of a franchise, pro-
vided that there is then no outstanding default on the part of the Grantee.

(e)  The rights reserved to Howard County with respect to the secu-
rity fund are in addition to all other rights of Howard County, whether
reserved by this Act or authorized by law, and no action, proceeding or
exercise of right with respect to such security fund shall affect any other
right Howard County may have.

14.720.    Employment Regulations.

(a) The Grantee will not refuse to hire or employ, nor bar or dis-
charge from employment, nor discriminate against any person in com-
pensation or in terms, conditions or privileges of employment because of
age, race, creed, color, national origin or sex.

14.721.    Foreclosure.

Upon the foreclosure or other judicial sale of all or a substantial part
of the Community Antenna Television System, or upon the termination
of any lease covering all or a substantial part of the Community Antenna
Television System, the Grantee shall notify the Executive of such fact,
and such notification shall be treated as a notification that a change in
control of the Grantee has taken place, and the provisions of Section 14.721
of this Act, governing the consent of the Council to such change in control
of the Grantee shall apply.

14.722.    Receivership.

The Council shall have the right to cancel a franchise issued pursuant
to this Act one hundred and twenty (120) days after the appointment
of a receiver, or trustee, to take over and conduct the business of the
Grantee whether in receivership, reorganization, bankruptcy, or other
action or proceeding, unless such receivership or trusteeship shall have
been vacated prior to the expiration of said one hundred and twenty (120)
days, or unless:

1.   Within one hundred and twenty (120) days after his election or
appointment, such receiver or trustee shall have fully complied with the
provisions of this Act and remedied all defaults thereunder; and,

2.   Such receiver or trustee, within said one hundred and twenty
(120) days shall have executed an agreement duly approved by the Court
having jurisdiction in the premises, whereby such receiver or trustee as-
sumes and agrees to be bound by each and every provision of this Act.

14.723.    Restrictions Against Assignment.

(a) A franchise issued pursuant to this Act shall not be assigned or
transferred, either in whole or in part, or leased, sublet, or mortgaged in
any manner nor shall title thereto, either legal or equitable, or any right,
interest or property therein, pass to or vest in any person, either by the
act of the Grantee or by operation of law, without the consent of the
Council. The granting, giving or waiving of any one or more of such
consents shall not render unnecessary any subsequent consent or consents.