HomeMy WebLinkAboutResolution No. 1988-19RESOLUTION NO. 88-19
A RESOLUTION ACKNOWLEDGING AND CONSENT-
ING THE MERGER OF CITY GAS COMPANY AND
N.U.I. CORPORATION AND ASSUMPTIONS OF
FRANCHISE OBLIGATIONS BY ELIZABETHTOWN.
GAS COMPANY OF NEW JERSEY PURSUANT TO
NATURAL GAS FRANCHISE OF THE CITY OF
CAPE CANAVERAL, FLORIDA) PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Cape Canaveral•, Florida by Ordinance
No. 5-66 granted a natural gas franchise (the "franchise") to
City Gas Company, a Florida Corporation; and
WHEREAS, the City of Cape Canaveral is aware of no default
on the part of City Gas Company with respect to the franchise and
desires to grant its consent to the merger of the Company with
Elizabethtown Gas Company, a wholly owned subsidiary of N.U.I.
Corporation, a public utility holding company of the State of New
Jersey;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Cape Canaveral, Florida, as follows$
SECTION 1. The City Council of the City of Cape Canaveral
hereby consents to and approves the merger of City Gas Company
with Elizabethtown Gas Company of New Jersey, a wholly owned
subsidiary of N.U.I. Corporation, a public utility holding
company based in New Jersey whereby Elizabethtown Gas Company
will assume all of the duties and obligations under the franchise
effective upon the date of merger.
SECTION 2. The City of Cape Canaveral acknowledges that as
of the date hereof, the franchise is in full force and effect and
is held and owned by City Gas Company of Florida and the rights
and privileges granted thereunder inure to the benefit of City
Gas Company of Florida and its designated assignees and that City
Gas Company is in full compliance with the franchise.
SECTION 3. In the event said merger is not affected, for
any reason, the terms and conditions of the franchise shall
remain in full force and effect as to the franchise, City Gas
company of Florida.
SECTION 4. The City of Cape Canaveral confirms that the
franchise was granted on the 18th day of January, 1966 for a term
of thirty (30) years.
RESOILMION NO. 88-19
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MICROFILMED JUiJJE 89
SECTION 5. This Resolution shall become effective immediate-
ly upon its adoption.
ADOPTED BY the City Council of the City of Cape Canaveral,
Florida this 5th day of April , 1988.
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RESOLUTION NO. 88-19
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