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<br />and against any and all damages, personal injuries, or property damages sustained as a result of the
<br />negligent operation of any motor vehicle by the grantees, their agents or employees, and shall pay
<br />all premiums due thereon when due. Said policy shall also list the City of Paris, its elected officials,
<br />officers and employees as additional insured under the required coverage. It is expressly provided
<br />that such insurance policy, or policies, shall, and must, be written and issued by a reputable insurance
<br />underwriter, or underwriters, authorized to do business in the State of Texas, subject to approval by
<br />the City Attorney of the City of Paris; and the grantees, or their insurance carrier or carriers, shall
<br />deliver a copy of any such policies to the City Clerk of the City of Paris, 150 1 st Street S.E., Paris,
<br />Texas 75460, or furnish to said City Clerk a current letter or certificate from such company, or
<br />companies, evidencing the fact that such insurance is in full force and effect at all times during the
<br />effective period ofthis franchise. All such policies shall be written so that the City of Paris will be
<br />notified of cancellation or of any material change to the policies at least thirty (30) days prior to the
<br />effective date of such cancellation or amendment. Notice shall be by certified mail, return receipt
<br />requested, addressed to the City of Paris at the following address: City Clerk, City of Paris, P. O.
<br />Box 9037, Paris, Texas 75461-9037.
<br />
<br />The grantees shall well and truly pay directly to every judgment creditor who has been
<br />injured through the negligent operation of any motor vehicle by the grantees, their agents or
<br />employees, or whose property has been damaged, any amount, or amounts, of money that shall have
<br />been awarded by final judgment of any court of competent jurisdiction against such grantees on
<br />account of any such injury or damage.
<br />
<br />Section 11. That in the event Grantee fails to provide the City with a current Certificate of
<br />Insurance with appropriate insurance coverage for all vehicles operated under this Franchise
<br />Ordinance and/or Grantee fails to fully discharge any claim for damages established by final
<br />judgment of a court of competent jurisdiction within sixty (60) days after the same has been so
<br />established, such failure shall constitute grounds for termination of this franchise.
<br />
<br />Section 12. That every taxicab operated by grantees under this franchise shall, at all times,
<br />have painted, or otherwise impressed upon the front doors thereof, easily visible signs bearing proper
<br />identification of the company operating under this franchise. All such vehicles shall be owned by
<br />and registered in the names of the grantees, and no other vehicle may be used under this franchise.
<br />Each of such vehicles shall be registered with the City Clerk of the City of Paris by motor vehicle
<br />in numerical order, beginning with the number 1, which number shall, at all times, be displayed at
<br />some convenient location on both sides of said vehicles.
<br />
<br />Section 13. That it shall be the duty of the City Council of the City of Paris, by and through
<br />its City Manager, to enforce the provisions of this ordinance and all applicable regulations, which,
<br />when approved by the City Council, shall become binding upon the grantees herein. Among other
<br />things, the City Council shall, from time to time during the term of this franchise, have the power
<br />and authority to promulgate effective regulations concerning the following, to-wit:
<br />
<br />(1) To make reasonable orders respecting character, extent, quality, and
<br />standard of service of grantees to be provided under this franchise;
<br />
<br />(2) To fix such rates for service to the public as are not in conflict with the
<br />express provisions hereof and as will provide for grantees a reasonable and fair rate
<br />of return upon the fair value of the property used and useable in connection with the
<br />rendering of service to the public under this franchise; and,
<br />
<br />(3) To make such other rules and regulations as may be reasonably necessary
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