HomeMy WebLinkAboutRES 2441 CITY OF RENTON , WASHINGTON
RESOLUTION 2441
A RESOLUTION1 GRA11TING APPROVAL OF AN INTERNAL
CORPORATE REORGANIZATION INVOLVING TELEPROMPTER
CORPORATION AND ITS WHOLLY-OWNED SUBSIDIARIES
WHEREAS , Northwest Cablevision, Inc . ("Northwest") , a
subsidiary of Teleprompter Corporation ("Teleprompter") , is the
cable television franchisee in Renton, Washington ; and
WHEREAS , on August 18 , 1981 , Westinghouse Broadcasting
Company, Inc. , a subsidiary of Westinghouse Electric Corporation
("Westinghouse") , acquired control of Teleprompter ; and
WhEREAS , it is proposed that the wholly-owned subsidiaries
of Teleprompter be reorganized into Teleprompter, which would be
reorganized into Group W Cable , Inc its parent corporation, as
set forth in a letter application,-:.dated February 22 , 1982 ; and
TvJ-riEREAS , approval has been requested as to the Proposed
transactions ;
NOW, THEREFORE , BE IT RESOLVED that the Renton City Council
hereby grants its approval , as requested, to permit the reor;anizatioi)
of Northwest into Teleprompter and of Teleprompter into Group W
'Cable , Inc . , its parent corporation, all as set forth in the letter
application dated February 22 , 1982 .
PASSED BY THE CITY COUNCIL this 15th day of March , 1982 .
Z-
Delores A. M ac , ty Clete
APPROVED BY THE MAYOR this 15th day of March , 1982 .
Barbar. Shinpoch , Mayor
Approved as to form:
Lawrence J . ,la en, Citv Attorney