2001-040-ORD GRANTING STEVE B RANEY AND WENDY L RANEY DBA YELLOW CAB EXTENSION OF EXISTING FRANCHISE

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policies to the City Clerk of the City of Paris, 150 1st Street S.E., Paris, Texas 75460, or furnish to said City Clerk a current letter or certificate from such company, or companies. evidencing the fact that such insurance is in full force and effect at all times during the effective period ofthis franchise, and specifically noting thereon that the City of Paris is an additional insured. All such policies shall be written so that the City of Paris will be notified of cancellation or of any restrictive amendment of the policies at least thirty (30) days prior to the effective date of such cancellation or amendment. Notice shall be by certified mail, return receipt requested, addressed to the City of Paris at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037. The grantees shall well and truly pay directly to every judgment creditor who has been injured through the negligent operation of any motor vehicle by the grantees, their agents or employees, or whose property has been damaged, any amount, or amounts, of money that shall have been awarded by final judgment of any court of competent jurisdiction against such grantees on account of any such injury or damage. Section 11. In the event of the failure of grantees to fully discharge any claim for damages established by final judgment of a court of competent jurisdiction within sixty (60) days after the same has been so established, this franchise shall automatically be forfeited. Section 12. Every taxicab operated by grantees under this franchise shall, at all times, have painted, or otherwise impressed upon the front doors thereof, easily visible signs bearing proper identification of the company operating under this franchise. All such vehicles shall be owned by and registered in the names of the grantees, and no other vehicle may be used under this franchise. Each of such vehicles shall be registered with the City Clerk of the City of Paris by motor vehicle in numerical order, beginning with the number 1, which number shall, at all times, be displayed at some convenient location on both sides of said vehicles. Section 13. It shall be the duty of the City Council of the City of Paris to enforce the provisions of this ordinance and all applicable regulations, which, when approved by the City Council, shall become binding upon the grantees herein. Among other things, the City Council shall, from time to time during the term of this franchise, have the power and authority to promulgate effective regulations concerning the following, to-wit: (1) To make reasonable orders respecting character, extent, quality and standard of service of grantees to be provided under this franchise; (2) To fix such rates for service to the public as are not in conflict with the express provisions hereof and as will provide for grantees a reasonable and fair rate of return upon the fair value of the property used and useable in connection with the rendering of service to the public under this franchise; and, (3) To make such other rules and regulations as may be reasonably necessary to facilitate adequate service to be rendered to the public under this franchise, any such rules and regulations, when adopted, to be binding upon the grantees herein. Section 14. Motor vehicles operated by grantees under this franchise shall be known as "public service vehicles" and, when not in use in the exercise ofthe privileges granted herein, shall be stationed or parked at the headquarters of the grantees, which headquarters shall be located on pri vate property. Section 15. The word "taxicab", as used in this ordinance, shall mean any passenger vehicle with not more than three rows of seats and a normal capacity not in excess of seven passengers which is not operated over a fixed route or routes and which is engaged for the purpose of carrying