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I <br />I <br /> <br /> Group W must maintain with the City a bond in the sum of $100,000.00 <br />conditioned upon the faithful performance of Group W of the franchise, and <br />further oonditioned upon the terms and requirements of Section 5. <br /> <br /> ARTICLE IX. DEFAULT <br /> <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br /> <br /> City shall notify Group W in writing of violations of the franchise. <br />Group W shall have thirty days to cure such default, or be subject to the proce- <br />dures of Section 1. <br /> <br /> If Group W is in default of any of the franchises of the cities of <br />Andover, Anoka, Champlin or Ramsey, Minnesota, any ~one of those cities may <br />declare Group W in default of ~]] four franchises. <br /> <br /> Upon the fo~eclcsure or judicial sale of the System, the provisions of <br />the franchise, governing consent to transfer or change in cwnership shall apply. <br /> <br /> City shall have the right to cancel the franchise 120 days after the <br />appointment of a receiver or trustee. <br /> <br /> I <br />'1 <br /> I <br />I <br />I <br /> <br /> Group W may not abandon any portion of the System. Any such abandon- <br />ment may be deemed a cause for termination of the franchise. <br /> <br /> ARTICLE XI. PURCHASE OF THE SYSTEM <br /> <br /> The Section provides for the City's right to purchase a system, either <br />pursuant to the terms and conditions of a bona fide purchase offer which Group W <br />is willing to accept regarding the system, or in the event of forfeiture, revo- <br />cation or termination of this franchise. <br /> <br />I --7-- <br /> <br /> <br />