Title
TO APPROVE THE MERGER OF SBC AND AMERITECH NEW MEDIA, INC., WHEREBY AMERITECH WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF SBC.
Body
WHEREAS, Ameritech New Media, Inc. ("Franchisee", a subsidiary of Ameritech Corporation ("Ameritech"), owns, operates, and maintains a cable television system ("System") in the City of Gahanna, Ohio ("Franchising Authority"); and
WHEREAS, SBC and Ameritech have entered into an Agreement and Plan of Merger ("Transaction"), whereby Ameritech will become a wholly-owned subsidiary of SBC; and
WHEREAS, Franchisee has provided the Franchising Authority with Federal Commissions Commission Form 394 and other information (collectively, the "Application"); and
WHEREAS, the Franchising Authority has reviewed the Application submitted by Franchisee; and
WHEREAS, Franchisee will continue to hole the Franchise and own, operate, and maintain the System after the Transaction;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Franchising Authority hereby consents to and approves the Application.
Section 2. That the consent and approval of the Application shall be effective upon the effective date of this ordinance.
Section 3. That the Franchisee hereby acknowledges and confirms that: a) the Franchise is in full force and effect; b) all material obligations of the Franchises with respect to the operation of the System are set forth in the Franchise, and the Franchisee has made no material commitments and owes no material obligation to the Franchising Authority other than those specifically stated in the Franchise, subject to application provisions of federal, state, and local law; and c) the Franchisee is in compliance in all material respects with the terms and conditions of the Franchise.
Section 4. That all formal actions of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that...
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