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Section 15. That the word "taxicab," as used in this ordinance, shall mean any <br />passenger vehicle with not more than three rows of seats and a normal capacity not in <br />excess of seven passengers which is not operated over a fixed route or routes and which is <br />engaged for the purpose of carrying a passenger, or passengers, by special trips to and from <br />specified addresses as designated by any such passenger or passengers. <br />Section 16. That the Grantees shall promptly pay all lawful ad valorem taxes and <br />such other levies and assessments, if any, that may be lawfully imposed upon them. <br />Failure to pay any of such charges, or either of them, shall be deemed a breach of the <br />privilege granted herein, and the City, upon the happening of such event, may declare the <br />rights of the Grantees hereunder forfeited for such breach. <br />Section 17. This grant is made upon the express condition that the non-exercise <br />of the power to regulate rates and charges which the Grantees may charge to the public in <br />the operation of their business shall never be construed as an acquiescence or recognition <br />of the justness or correctness of said Grantees' established rate, and that, so long as the City <br />Council of the City of Paris does not exercise its legislative and governmental power to fix <br />and regulate the rates that the Grantees shall charge to the public, the question of property <br />values used and useful in the rendering of the service prior to rate regulation shall never <br />stop the City from determining the real or actual value of property used or useful in <br />rendering such service. If, and when, the City Council or other governing body shall <br />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 <br />consumed in rendering the service by the Grantees for such service. If, and when, the City <br />Council decides to regulate rates, then, at such time, the Council will fully exercise its rate <br />regulatory power under the provisions of law applicable thereto, and the failure to provide <br />under this ordinance the machinery for the administration, legislative, or executive control <br />of such matter shall not preclude the Council from fully exercising that power and <br />providing suitable provisions to enforce such power. <br />Section 18. That any unwarranted and intentional neglect, failure, or refusal of <br />the Grantees to comply with any of the conditions and stipulations contained in this <br />franchise shall thereupon immediately, ipso facto, effect a forfeiture hereof, and the City <br />Council may, thereupon, declare this franchise forfeited and may exclude the Grantees from <br />further use of the streets of the city under this franchise, and the Grantees shall thereupon <br />and immediately surrender all rights in and to the same, and this franchise shall become <br />null and void and of no effect. <br />Section 19. That the grant of this franchise shall be and is hereby expressly <br />conditioned upon the right of the City Council to adopt an ordinance or ordinances <br />regulating the activities authorized herein, and upon adoption of said ordinance or <br />ordinances, the Ciry Council reserves the right at its discretion to supersede this ordinance <br />with the requirements of said regulatory ordinance or ordinances, even if the term of this <br />ordinance has not expired. <br />Page 5 of 6 <br />000065 <br />