HomeMy WebLinkAbout17-87 - Res. McCaw Cablevision of SW WA to Cooke CableVision Inc. RESOLUTION NO. 17-87
A Resolution approving the transfer and assignment of the
stock of McCaw Communicationsof Southwest Washington,
Inc. , the sole shareholder of McCaw Cablevision of
Southwest Washington, Inc. , the holder of rights to
construct, operate, and maintain a community antenna -
television system in Mason County, Washington.
THE BOARD OF MASON COUNTY COMMISSIONERS ( "BOARD" ) DOES
ORDAIN AS FOLLOWS:
WHEREAS, McCaw Cabievision of Southwest Washington, Inc.
( "McCaw" ) , the present holder of community antenna television
(CATV) franchise rights in Mason County has notified the County
of the transfer of the stock of McCaw Communications of Southwest
Washington, Inc. (the sole shareholder of McCaw Cablevision of
Southwest Washington, Inc. ) from McCaw Cable Properties, Inc. , a
Washington corporation ( "Seller" ) to Cooke CableVision Inc. a
Nevada corporation ( "Buyer" ) ;
WHEREAS, it appears to the Board that Buyer is financially
capable of owning McCaw and that McCaw will continue to own,
operate and maintain the system in conformity with Resolution
Nos. 18-84, 126-81 and 57-81, as amended;
NOW, THEREFORE, the Board-hereby approves and consents to
the transfer of tae stock of McCaw Communications of Southwest
Washington, Inc. to Buyer with the further right of McCaw
Cablevision of Southwest Washington, Inc. to assign its interests
under the Franchise for security purposes only to such financial
institutions as may be selected by Buyer to finance the
acquisition of the stock and the operation of the cable system.
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This Resolution shall be effective only upon the
completion of the sale of substantially all of the stock to
Buyer, and if such sale is not consummated, this Resolution shall
be of no force or effect whatsoever .
Buyer, by its signature hereon, agrees to exercise its
control of McCaw Cablevision of Southwest Washington, Inc. in
accordance with the terms and conditions of Resolution Nos . 18-
84, 126-81 and 57-81, as amended, and this Resolution, which are
accepted in full.
PASSED BY THE BOARD OF MASON COUNTY COMMISSIONERS THIS 24th DAY
OF IYVWKYPA� /, 1987.
March� �-
MASON,QOUNTY, WASHIN
By �; P
irman
Member
Member
ATTEST:
By
Clerk of the Board
APPROVED:
By
County Engineer
APPROVED AS TOFORM:
By
rosecuting ttorney
CEPTED IN FULL:
COOKE CABLEVISION INC.
B
Y
It
D: 1.:f /,72-7 EXECUTIVE VICE P ESIDENT
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