HomeMy Public PortalAbout88-025 (02-16-88)RESOLUTION 88-25
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LYNWOOD APPROVING AND CONSENTING TO THE MERGER
OF A SUBSIDIARY OF CONTINENTAL CABLEVISION,INC.
WITH AMERICAN CABLESYSTEMS CORPORATION
WHEREAS, American Cablesystems of California, Inc., a
California corporation, ("American") is the holder of the cable
television franchise granted pursuant to Ordinance No. 1295, as
~ amended, which franchise is currently in full force and
effect; and
WHEREAS, American has advised the City that its parent
corporation, American Cablesystems Corporation, a Delaware
Corporation ("ACC) has entered into an agreement whereby
Continental Cablevision Acquisition Co., Inc., a wholly-owned
subsidiary of Continental Cablevision, Inc., a Delaware
corporation ("Continental") would be merged with and into ACC and
ACC would become a wholly-owned subsidiary of Continental; and
WHEREAS, no change in the legal form of American will be
caused by said merger, nor will any amendments or extensions of
the cable television franchise be sought as a result of said
merger; and
WHEREAS, American and Continental desire to seek the approval
and consent of the City of Lynwood, to the extent required of such
merger.
NOW THEREFORE,the City of Lynwood does hereby resolve as
follows:
SECTION 1: The City Council of the City of Lynwood
~, acknowledges and, to the extent required, approves the merger of
a wholly-owned subsidiary of Continental into American's parent,
ACC, whereby ACC would become a wholly-owned subsidiary of
Continental.
SECTION 2: The City Clerk shall certify to the adoption of
this Resolution and shall cause the same to be processed in the
manner required by law.
PASSED,
of Februar;
APPROVED AND ADOPTED THIS 16th day
,, 1988.
PAU``L H. RICHARDS II, Mayor
City of Lynwood
v°~
ATTEST:
ANDREA L. HOOPER, City Clerk
AP ED S TO FORM: AP~PRO,V_E(D A~S TO~CON~TENT:
Ci torney DONALD J. SER, Asst. Mgr.
of Lynwood City of Lynwood
cableres 2-2-88
1
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood,
do hereby certify that the above and foregoing resolution was
duly adopted by the City Council of said City at a regular
meeting thereof held in the City Hall of said City on the
16th day of February 1988, and passed by the following
vote:
AYES: COUNCILMEMBER HEINE, IIENNING, MORRIS, 1VELLS, kICHARDS
NOES: NONE
ABSENT: NONE
i
City Clerk, City of Lynwoo~-
STATE OF CALIFORNIA )
ss.
COUNTY OP LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood,
and Clerk of the City Council of said City, do hereby certify
that the above and foregoing is a full, true and correct copy of
Resolution No. 88-25 on file in my office and that said
resolution was dopted on the date and by the vote therein stated.
Dated this 2Znd day of February 1988.
,~~ ~~~~ ~
City Clerk, City Lynwood