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,I <br /> <br /> A Resolution Granting Approval <br /> ~o:the-Me~er O£Vision Cable Communications, Inc. <br /> ahd a Subsidiary'of The Newhouse Group,_Inc. <br /> <br /> WHEREAS, .Vision ~ie:d~unioaO'i~bns, Inc. ("v£sion") <br /> is the cable telsvision'~Panoh{see in Cabarrus County; and <br /> WHEREAs, The Newhouse G~oup, Inc. ("Newhouse") propoBes <br />~.to.ac~ufbe~con~ol. of V~ion"through a merger between Vision <br /> and ~subsidiaPy .of-New~ouse, as.set forth in s letter <br /> application from Vis~on to the County dated May 4, 1981; <br /> and <br /> WHEREAS, the approval of the Board of Commissioners has <br /> been requested as to the propoDed transaction; <br /> NO~, THEREFORE, BE ~T~RESOLVED that the Board of <br /> Commissioners of Cabarrus County. Jhereby grants its approval <br /> t~ permit Newhouse to ~qui~e dontrol of Vision through the <br /> me~erJ~f~V£siOn.'a~d'a-['subsidiary of Newhouse, all as set <br /> forth:in:(the .lett~r>apQlication from Vision to the County <br /> <br /> -: '/':Fi~THRR '~E~oLgED( ~%h~'!th'e:[~iOard' of Commissioners 0~ <br /> Cabarr~s'(Ooonty hereby~grants its consent:to permit Newhouse <br /> to cause the transfer of the Cabarrus County franchise to any <br /> affiliate of Vision, and the transfer of the stock of such <br /> affiliate to any corporation owned, directly or through inter- <br /> mediary ownership, by the current ultimate parent of Newhouse~ <br /> ~ass~d this day of , 1981, effective <br /> <br /> APPROVED: <br /> <br /> Chairman <br /> <br /> County Clerk <br /> <br /> <br />