2682                               County Local Laws

(b)  The consent or approval of the Council to any assignment, lease
transfer, sublease, or mortgage of this franchise shall not constitute a
waiver or release of the right of Howard County in and to the streets.

(c)   The Grantee shall promptly notify the Council of any actual or
proposed change in, or transfer of, or acquisition by any other party of,
control of the Grantee. The word "control" as used herein is not limited
to majority stock, ownership, but includes actual working control in what-
ever manner exercised. Every change, transfer, or acquisition of control
of the Grantee shall make this franchise subject to cancellation unless and
until the Council shall have consented thereto. For the purpose of determin-
ing whether it shall consent to such change, transfer or acquisition of
control, the Council may inquire into the qualifications of the prospective
controlling party, and the Grantee shall assist the Council in any such
inquiry. If the Council does not schedule a hearing on the matter within
sixty (60) days after written notice of the change or proposed change and
the filing of a petition requesting its consent, it shall be deemed to have
consented. In the event that the Council adopts a resolution denying its
consent and such change, transfer, or acquisition of control has been
effected, the Council may cancel such franchise unless control of the
Grantee is restored to its status prior to the change, or to a status ac-
ceptable to the Council.

(d)   Nothing in this section shall be deemed to prohibit a mortgage
or pledge of the Community Antenna Television System, or any part
thereof, or the leasing by the Grantee from another person of said Com-
munity Antenna Television System, or part thereof, for financing pur-
poses or otherwise. Any such mortgage, pledge or lease shall be subject
and subordinate to the rights of Howard County under this contract or
applicable law.

14.724.    Restrictions on the Company, its Officers and Directors.

Neither the Grantee nor any officer or director of the Grantee shall
hold, directly or indirectly, any stock or other beneficial ownership inter-
est in any other company owning or operating: a Community Antenna
Television System within Howard County; any radio or television broadcast
station whose signals are carried on the Community Antenna Television
System on a regular basis; any television broadcast network other than a
network consisting entirely or substantially of community antenna tele-
vision systems; or any newspaper or magazine whose principal circulation
market is Howard County, Maryland, except that ownership by an officer
or director of less than one per cent (1%) of the outstanding stock of any
company whose securities are listed or admitted to trading on a national
securities exchange shall not be deemed a violation of this section. No
officer or director of the Grantee shall be an officer or director of any
company owning or operating businesses of the types heretofore mentioned.

14.725.    Cancellation and Expiration.

(a) The Council shall have the right to cancel this franchise if the
Grantee fails to comply with any material and substantial provisions of
this Act, or any reasonable order, direction or permit issued by any How-
ard County agency pursuant to such material and substantial provision,
or any rule or regulation promulgated by the Council which is reasonable
in light of, and consistent with any provision of this Act, or any reasonable
order, direction or permit issued by any Howard County agency pursuant
to any provision of this Act. Such cancellations shall be by resolution of
the Council duly adopted in accordance with the following procedures: