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insured under the required coverage. It is expressly provided that such insurance policy, or policies,
<br />shall, and must, be written and issued by a reputable insurance underwriter, or underwriters,
<br />authorized to do business in the State of Texas, subject to approval by the City Attorney of the City
<br />of Paris; and the Grantees, or their insurance carrier or carriers, shall deliver a copy of any such
<br />policies to the City Clerk of the City of Paris, 150 1 st Street S.E., Paris, Texas 75460, or furnish to
<br />said City Clerk a current letter or certificate from such company, or companies, evidencing the fact
<br />that such insurance is in full force and effect at all times durmg the effective period of this franchise.
<br />All such policies shall be written so that the City of Paris will be notified of cancellation or of any
<br />material change to the policies at least thirty (30) days prior to the effective date of such cancellation
<br />ar amendment. Notice shall be by certified mail, return receipt requested, addressed to the City of
<br />Paris at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037.
<br />The Grantees shall promptly respond to all claims filed against them for injury or damage
<br />to property arising from the operator of their taxi-cabs; and well and truly pay directly to every
<br />judgment creditor who has been injured through the negligent operation of any motor vehicle by the
<br />Grantees, their agents or employees, or whose property has been damaged, any amount, or amounts,
<br />of money that shall have been awarded by final judgment of any court of competent jurisdiction
<br />against such Grantees on account of any such injury or damage.
<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 />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 or operated by Grantee
<br />on the streets of the City of Paris under this Franchise Ordinance. Each of such vehicles shall be
<br />registered with the City Clerk of the City of Paris by motor vehicle in numerical order, beginning
<br />with the number 1, which number shall, at all times, be displayed at some convenient location on
<br />both sides of said vehicles.
<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 herem. 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 />(1) To make reasonable orders respecting character, extent, quality, safety
<br />and standard of service of Grantees to be provided under this franchise;
<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 />(3) To make such other rules and regulations as may be reasonably necessary
<br />to facilitate clean and professional taxicab service to be rendered to the public under
<br />this franchise, any such rules and regulations, when adopted, to be binding upon the
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