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<br />(b) To fix such rates for service to the public as are <br />not in conflict with the 'express provisions hereof as will <br />provide for grantee a reasonable and fair rate of return <br />upon the fair value of the property used and useable in <br />connection with the rendering of service to the public under <br />this franchise; <br /> <br />(c) To make such other rules and regulations as may be <br />reasonably necessary to facilitate adequate service to be <br />rendered to the public under this franchise, any such rules <br />and regulations when adopted to be binding upon the grantee <br />herein. <br /> <br />Scction 14. Motor vehicles operated by grantee undcr <br />this franchise shall be known as "public service vchiclcs" <br />and when not in use in thc exercise of the privilegcs <br />granted hercin each of such vehicles shall be stationed or <br />parked at the headquarters of the grantee herein, which <br />headquarters shall be located on private property. <br /> <br />Section 15. Thc word "taxicabs" as used in this <br />ordinance shall mean any passenger vehicle with not more <br />than two seats and a normal capacity not in excess of six <br />persons, which is not operated over a fixed route or routes <br />and which is engaged for the purpose of carrying a passenger <br />or passengers, by special trips to and from specified <br />addresses as designated by any such passenger or passengers. <br /> <br />Section 16. That the grantee shall promptly pay <Ill <br />lawful ad valorem taxes, and such other levies and assess- <br />ments, if any, that may be lawfully imposed upon it. <br />Failure to pay any of such charges or either of them shall <br />be deemed a breach of the privilege granted herein and the <br />City, upon the happening of such cvent, may declare the <br />rights of the grantce hereunder forfeited for such breach. <br /> <br />Section 17. This grant is made upon the express <br />conditions that the nonexercise of the power to regulate <br />rates and charges which tbe grantee may charge to the public <br />in tbe operation of its business shall never be construed as <br />an acquiescence or recognition o[ the justness or correct- <br />ness of said grantee's establishcd rate, and that so long as <br />the governing body of the Ci ty of Paris docs not exercise <br />its legislative and governmental power to fix and regulate <br />the rates that the grantee herein shall charge to the <br />public, the question of property values used and useful in <br />the rendering of the servicc prior to rate regulation shall <br />nevcr stop the City [rom determining the real or actual <br />value of property used or useful in rendcring such service. <br />If, and when, the City Council or other governing body shall <br />exercise the po\~er to fix the ra tes to be charged for such <br />service in. the City of Paris no allowancc in the \~ay of said <br />rate shall be madc as compensation for any property used or <br />consumed in rendering the 5ervice by the grantee herein for <br />such service. If, and when, the City Council decides to <br />regulate rates, then at sllch time the Council will fully <br />exercise its rate regulatory power under the provisions of <br />law applicable thereto, and the failure to provide under <br />t-hi<: nrrlin:lnrp ,-hp m:1rhinr.or\T f-nr '-h,:. ~("lm;n;~t-r~"';\1t:\ <br /> <br />" <br />- <br />- <br />