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<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 />Section 14. Motor vehicles operated by grantee under <br />this franchise shall be known as "public service vehicles" <br />and when not in use in the exercise of the privileges <br />granted herein 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. The 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 />personD, 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 all <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 privil~ge granted herein aud [he <br />City, upon the happening of such event, may. declare the <br />rights of the grantee hereunder forfeited for such breach. <br /> <br />Section 17. This grant is made upon the express <br />conditHH1S that the nonexercise ()t tne power to regulate <br />rates and ch~rges which the grantee rnai charge to the public <br />in the operation of its business shall never be construed as <br />an acquiescence or recognition of the justness or correct- <br />ness of said grantee's established rate, and that so long as <br />the governing body of the City of PdtlS does 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 service prior to rate reguldcion shall <br />never stop the City from determining the rei.il or actual <br />value of property used or useful in rendering such service. <br />If, and when, the City Councilor other governing body shall <br />exercise the power to fix the rates to be charged for such <br />service in the City of Paris no allowance in the way of said <br />rate shall be made as compensation for any property used or <br />consumed in rendering the service by the grantee herein for <br />such service. If, and when, the Ci.ty Council decides to <br />regulate rates, then at such time the Council will fully <br />exercise its rate regulatory power under the provisions or <br />law applicable thereto, and the failun~ to proviue under <br />this ordinance the machinery for the administrative, <br />l~gisl t,rp.r'~ O( clk":;JtLve c01t'!:":)1 of such matter shall not <br />preclude the Counci.l from fully exerci.'11.ng that power and <br />providing suitable provisions to enforce such power. <br /> <br /><::a"t-i,," 1~ <br /> <br /><::1-1",,1 ~ it- hO ~ahn"m;narl th.'lt ~n" f"l ~l1C(:l <br />