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<br />grantees herein.
<br />
<br />Section 14. That motor vehicles operated by grantees under this franchise shall be known
<br />as "taxicabs" and, when not in use in the exercise of the privileges granted herein, shall be stationed
<br />or parked at the headquarters of the grantees, which headquarters shall be located on private
<br />property .
<br />
<br />Section 15. That the word "taxicab," as used in this ordinance, shall mean any passenger
<br />vehicle with not more than three rows of seats and a normal capacity not in excess of seven
<br />passengers which is not operated over a fixed route or routes and which is engaged for the purpose
<br />of carrying a passenger, or passengers, by special trips to and from specified addresses as designated
<br />by any such passenger or passengers.
<br />
<br />Section 16. That the grantees shall promptly pay all lawful ad valorem taxes and such other
<br />levies and assessments, if any, that may be lawfully imposed upon them. Failure to pay any of such
<br />charges, or either of them, shall be deemed a breach of the privilege granted herein, and the City,
<br />upon the happening of such event, may declare the rights of the grantees hereunder forfeited for such
<br />breach.
<br />
<br />Section 17. This grant is made upon the express condition that the non-exercise of the power
<br />to regulate rates and charges which the grantees may charge to the public in the operation of their
<br />business shall never be construed as an acquiescence or recognition of the justness or correctness of
<br />said grantees' 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 grantees shall
<br />charge to the public, the question of property values used and useful in the rendering of the service
<br />prior to rate regulation shall never stop the City from determining the real or actual value of property
<br />used or useful in rendering such service. If, and when, the City Councilor other governing body
<br />shall exercise the power to fix the rates to be charged for such service in the City of Paris, no
<br />allowance in the way of said rate shall be made as compensation for any property used or consumed
<br />in rendering the service by the grantees for such service. If, and when, the City Council decides to
<br />regulate rates, then, at such time, the Council will fully exercise its rate regulatory power under the
<br />provisions of law applicable thereto, and the failure to provide under this ordinance the machinery
<br />for the administration, legislative, or executive control of such matter shall not preclude the Council
<br />from fully exercising that power and providing suitable provisions to enforce such power.
<br />
<br />Section 18. That any unwarranted and intentional neglect, failure, or refusal of the grantees
<br />to comply with any of the conditions and stipulations contained in this franchise shall thereupon
<br />immediately, ipso facto, effect a forfeiture hereof, and the City Council may, thereupon, declare this
<br />franchise forfeited and may exclude the grantees from further use of the streets of the city under this
<br />franchise, and the grantees shall thereupon and immediately surrender all rights in and to the same,
<br />and this franchise shall become null and void and of no effect.
<br />
<br />Section 19. That the grant of this franchise shall be and is hereby expressly conditioned upon
<br />the right of the City Council to adopt an ordinance or ordinances regulating the activities authorized
<br />herein, and upon adoption of said ordinance or ordinances, the City Council reserves the right at its
<br />discretion to supersede this ordinance with the requirements of said regulatory ordinance or
<br />ordinances, even if the term of this ordinance has not expired.
<br />
<br />Section 20. That within ten (10) days after the passage of this ordinance by the City Council,
<br />the grantees herein shall file with the City Clerk, in writing, the acceptance of the terms and
<br />provisions of this grant.
<br />
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