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engaged for the purpose of carrying a passenger, or passengers, by special trips to and from <br />specified addresses as designated by any such passenger or passengers. <br />Section 19. That the Licensee shall promptly pay all lawful ad valorem taxes and <br />such other levies and assessments, if any, that may be lawfully imposed upon them. <br />Failure to pay any of such charges, or either of them, shall be deemed a breach of the <br />license granted herein, and the City, upon the happening of such event, may declare the <br />rights of the Licensee hereunder forfeited for such breach. <br />Section 2Q. This grant is made upon the express condition that the non -exercise of <br />the power to regulate rates and charges which the Licensee may charge to the public in the <br />operation of their business shall never be construed as an acquiescence ies�cence or recognition of <br />the justness or correctness of said Licensee's established rate, and that, so long as the City <br />Council of the City of Paris does not exercise its legislative and governmental power to fix <br />and regulate the rates that the Licensee shall charge to the public, the question of property <br />values used and useful in the rendering of the service prior to rate regulation shall never <br />stop the City from determining the real or actual value of property used or useful in <br />rendering such service. If, and when, the City Council or other governing body shall <br />exercise the power to fix the rates to be charged for such service in the City of Paris, no <br />allowance in the way of said rate shall be made as compensation for any property used or <br />consumed in rendering the service by the Licensee's for such service. If, and when, the <br />City Council decides to regulate rates, then, at such time, the Council will fully exercise its <br />rate regulatory power under the provisions of law applicable thereto, and the failure to <br />provide Linder this ordinance the machinery for the administration, legislative, or executive <br />control of such matter, shall not preclude the Council from fully exercising that power and <br />providing suitable provisions to enforce such power, <br />Section 21. That any unwarranted and intentional neglect, failure, or refusal of <br />the Licensee to comply with any of the conditions and stipulations contained in this license <br />shall thereupon immediately, ipso facto, effect a forfeiture hereof, and the City Council may, <br />thereupon, declare this license forfeited and may exclude the Licensee from further use of <br />the streets of the city under this license, and the Licensee shall thereupon and immediately <br />surrender all rights in and to the same, and this license shall become null and void and of <br />no effect, <br />Section 22. That the grant of this license shall be and is hereby expressly <br />conditioned upon the right of the City Council to adopt an ordinance or ordinances <br />regulating the activities authorized herein, and upon adoption of said ordinance or <br />ordinances, the City Council reserves the right at its discretion to supersede this ordinance <br />with the requirements of said regulatory ordinance or ordinances, even if the term of this <br />ordinance has not expired. <br />Section 23. That within ten (10) days after the passage of this ordinance by the <br />City Council, the Licensee herein shall file with the City Clerk, in writing, the acceptance of <br />the terms and provisions of this grant, <br />