19 - Vehicles for Hire - provides a penalty for failure to obtain license

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license granted herein, and the City, upon the happening of such event, may declare the rights of the Licensee hereunder forfeited for such breach. "(17) That this grant is made upon the express condition that the non- exercise of the power to regulate rates and charges which the Licensee may charge to the public in the operation of their business shall never be construed as an acquiescence or recognition of the justness or correctness of said Licensee's established rate, and that, so long as the City Council of the City of Paris does not exercise its legislative and governmental power to fix and regulate the rates that the Licensee shall charge to the public, the question of property values used and useful in the rendering of the service prior to rate regulation shall never stop the City from determining the real or actual value of property used or useful in rendering such service. If, and when, the City Council or other governing body shall exercise the power to fix the rates to be charged for such service in the City of Paris, no allowance in the way of said rate shall be made as compensation for any property used or consumed in rendering the service by the Licensee's for such service. If, and when, the City Council decides to regulate rates, then, at such time, the Council will fully exercise its rate regulatory power under the provisions of law applicable thereto, and the failure to provide under this ordinance the machinery for the administration, legislative, or executive control of such matter shall not preclude the Council from fully exercising that power and providing suitable provisions to enforce such power. "(18) That any unwarranted and intentional neglect, failure, or refusal of the Licensee to comply with any of the conditions and stipulations contained in this license shall thereupon immediately, ipso facto, effect a forfeiture hereof, and the City Council may, thereupon, declare this license forfeited and may exclude the Licensee from further use of the streets of the city under this license, and the Licensee shall thereupon and immediately surrender all rights in and to the same, and this license shall become null and void and of no effect. "(19) That the grant of this license shall be and is hereby expressly conditioned upon the right of the City Council to adopt an ordinance or ordinances regulating the activities authorized herein, and upon adoption of said ordinance or ordinances, the City Council reserves the right at its discretion to supersede this ordinance with the requirements of said regulatory ordinance or ordinances, even if the term of this ordinance has not expired. "(20) That within ten (10) days after the passage of this ordinance by the City Council, the Licensee herein shall file with the City Clerk, in writing, the acceptance of the terms and provisions of this grant. "Sec. 33-5. Application for permit; issuance or permit; expiration; permit not transferable. 7