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Hire business to be rendered to the public under this license, any such <br />rules and regulations, when adopted, to be binding upon the Licensee <br />herein. <br />"(18) That Vehicles for Hire operated by Licensee under this License shall be <br />stationed or parked at the principal offices of the Licensee, which principal offices <br />shall be located on private property during hours in which said Vehicles for Hire are <br />not engaged in the exercise of the privileges granted herein and during which a driver <br />is not occupying the Vehicle; and in any event, no unoccupied Vehicle for Hire may be <br />parked on any property other than at the principle offices of Licensee other than for <br />normal, momentary breaks in operation of the Service. <br />"(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 it. <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 <br />the rights of the Licensee hereunder forfeited for such breach. <br />"(20) That this grant is made upon the express condition that the non- <br />exercise of the power to regulate rates and charges which the Licensee may charge to <br />the public in the operation of their business shall never be construed as an <br />acquiescence or recognition of the justness or correctness of said Licensee's <br />established rate, and that, so long as the City Council of the City of Paris does not <br />exercise its legislative and governmental power to fix and regulate the rates that the <br />Licensee shall charge to the public, the question of property values used and useful in <br />the rendering of the service prior to rate regulation shall never stop the City from <br />determining the real or actual value of property used or useful in rendering such <br />service. If, and when, the City Council or other governing body shall exercise the <br />power to fix the rates to be charged for such service in the City of Paris, no allowance <br />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, <br />the City Council decides to regulate rates, then, at such time, the Council will fully <br />exercise its rate regulatory power under the provisions of law applicable thereto, and <br />the failure to provide under this ordinance the machinery for the administration, <br />legislative, or executive control of such matter shall not preclude the Council from <br />fully exercising that power and providing suitable provisions to enforce such power. <br />"(21) That any unwarranted and intentional neglect, failure, or refusal of the <br />Licensee to comply with any of the conditions and stipulations contained in this <br />license shall thereupon immediately, ipso facto, effect a forfeiture hereof, and the City <br />Manager or designee may, thereupon, declare this license forfeited and may exclude <br />the Licensee from further use of the streets of the city under this license, and the <br />Licensee shall thereupon and immediately surrender all rights in and to the same, and <br />8 <br />