ARTICLE IV
Forfeiture
In addition to all other rights and powers reserved or pertaining to the City, the City reserves as an additional and as a separate and distinct remedy the right to revoke this franchise and all rights and privileges of the grantee hereunder in any of the following events or for any of the following reasons:
(a) Grantee fails after thirty (30) days prior written notice to comply with any of the provisions of the ordinance granting this franchise or has, by act or omission, violated any term or condition thereof;
(b) Any provision of such ordinance shall be finally adjudged by a court of law as invalid or unenforceable and the City Council further finds that such provision constitutes at that time a consideration material to the continuance of the franchise granted herein;
(c) The grantee becomes insolvent, unable or unwilling to pay its debts or is adjudged a bankrupt;
(d) All or part of the grantee’s facilities should be sold under an instrument to secure a debt and are not redeemed by the grantee within sixty (60) days from such sale;
(e) The grantee attempts to or does practice any fraud or deceit in its conduct or relations with the City or subscribers, under this franchise; or
(f) The City condemns all of the property of the grantee within the City by lawful exercise of eminent domain.