HomeMy WebLinkAbout127-85 RESOLUTIONRE.SOL[IPION NO. 127-85
A RESOLUTION CONSENTING TO THE REACQUISITION BY
WARNER ODMMUNICATIONS, INC. OF 50% OF THE OWNERSHIP
OF WARNER AMEX CABLE COMMUNICATIONS HELD BY AMERICAN
EXPRESS COMPANY.
WHEREAS, Warner Communications Inc., sold a 50% ownership interest
in its cable television business (the "Warner Amex Joint Venture")
to American Express Company in 1979; and
WHEREAS, in accordance with the original joint venture agreements
with American Express, Warner Communications Inc. has exercised its
right to reacquire such ownership interest.
NOW, THEREFORE, BE TT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF FAYETIEVILLE, ARKANSAS:
That the transfer of the Fayetteville cable television franchise
from the Warner Amex Joint Venture to Warner Communications, Inc. or
one of its subsidiaries, doing business as Warner Cable Communications,
is hereby approved and consented to in all respects. This Resolution
shall be in full force and effect frau and after its passage and approval.
PASSED AND APPR3VED this 3rd
day of December
APPROVED
, 1985.
BYr?di?riSt
Mayor