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In addition to all other rights and powers of the city, the city reserves the right, in accordance with the procedures outlined below, to terminate the franchise in the event that any franchisee:

A. Violates any material provisions of this chapter;

B. Becomes insolvent, unable or unwilling to pay its debts, or its adjudged a bankrupt or is subjected to the appointment of a receiver; or

C. Wilfully misrepresents any material fact in any reports required to be filed pursuant to this chapter. (Ord. 93-03 §14 (part), 1993)