Laserfiche WebLink
<br />" <br /> <br />from the cable company an amount of money equal to the withdraw- <br />ing municipality's pro rata share of the quarterly programming <br />monies. Pro rata shall mean that percentage which the municipal- <br />ity would have had of the total votes of the Commission, had all <br />ten municipalities remained members of the Commission. Addition- <br />ally, the withdrawing municipality shall receive a pro.rata share <br />of any portion of the $650,000 payment made to the Commission <br />which the Commission has not specifically designated for the <br />repair or replacement of equipment or facilities. <br />Section 4. In the event of dissolution, the Commission <br />shall determine the measures necessary to affect the dissolution <br />and shall provide for the taking of such measures as promptly as <br />circumstances permit, subject to the provisions of this Agreement <br />Upon dissolution of the Commission all remaining assets of the <br />CommIssion, after payment of obligations, shall be distributed- <br />among the then existing Members in proportion to the most recent <br />Member-by-Member breakdown of the franchi-se fee. as 'reported by.. <br />the Grantee. The Commission shall continue to exist after <br />dissolution for such period, no longer than six months, as is <br />necessary to wind up its affairs but for no other purpose. After <br />dissolution, all initial Members of the Commission shall receive <br />their pro rata share of any quarterly annual and. lump sum <br />payments made by the cable company pursuant to "A Resolution <br />Transferring Community Television Programming Responsibilities." <br /> <br />12 <br />