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ARTICLE XII. <br /> MISCELLANEOUS <br />SECTION 1. TRANSFER OF OWNERSHIP OR CONTROL <br /> <br />A. This Franchise shall not be assigned or transferred, either <br /> in whole or in part, or leased, sublet or mortgaged in any <br /> manner, nor shall title thereto, either legal or equitable <br /> or any right, interest or property therein, pass to or vest <br /> in any person without the prior written consent of City, <br /> which consent shall not be unreasonably withheld. Further, <br /> Grantee shall not sell or transfer any stock or ownership <br /> interest so as to create a new controlling interest except <br /> with the consent of City, which consent shall not be unreas- <br /> onably withheld. The transfers described in this paragraph <br /> shall, in the sole discretion of City, be considered sale or <br /> transfer of Franchise within the meaning and intent in the <br /> following paragraph. <br /> <br />B. Any sale or transfer of Franchise, including a sale or <br /> transfer by means of a fundamental corporate change, re- <br /> quires the written approval of City. Any sale or transfer <br /> of Franchise shall be subject to the provisions of Board <br /> rules prohibiting certain ownership. The parties to the <br /> sale or transfer of Franchise shall make a written request <br /> to City for its consent. City shall reply in writing within <br /> 30 days of actual receipt of the request and shall indicate <br /> its approval of the request or its determination that a pub- <br /> lic hearing is necessary. City shall conduct a public hear- <br /> ing on the request within 30 days of such determination if <br /> <br />74 <br /> <br /> <br />