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Section 10. That the grantees sha11, at all times during the effective period of this
<br />franchise, keep and maintain, in full force and effect, a policy, or policies, of public liability
<br />insurance covering each motor vehicle to be operated under this franchise, providing at least
<br />$20,000 per person and $40,000 for any single occurrence for bodily injury or death, and $15,000
<br />for any single occurrence for injury to or destruction of property, indemnifying all persons for any
<br />and all damages, personal injuries, or property damages sustained as a result of the negligent
<br />operation of any motor vehicle by the grantees, their agents or employees, and sha11 pay a11
<br />premiums due thereon when due. It is expressly provided that such insurance policy, or policies,
<br />sha11, and must, be written and issued by a reputable insurance underwriter, or underwriters,
<br />authorized to do business in the State of Texas, with the City of Paris as an additional insured,
<br />subject to approval by the City Attorney of the City of Paris, and the grantees, or their insurance
<br />carrier or carriers, sha11 deliver a copy of any such policies to the City Clerk of the City of Paris,
<br />1501st Street S. E., Paris, Texas 75460, or furnish to said City Clerk a current letter or certificate
<br />from such company, or companies, evidencing the fact that such insurance is in full force and
<br />effect at a11 times during the effective period of this franchise, and specifically noting thereon that
<br />the City of Paris is an additional insured. All such policies shall be written so that the City of
<br />Paris will be notified of cancellation or of any restrictive amendment of the policies at least thirty
<br />(30) days prior to the effective date of such cancellation or amendment. Notice shall be by
<br />certified mail, return receipt requested, addressed to the City of Paris at the following address:
<br />City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037.
<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
<br />have been awarded by final judgment of any court of competent jurisdiction against such grantees
<br />on account of any such injury or damage.
<br />Section 11. That in the event of the failure of grantees to fully discharge any claim for
<br />damages established by final judgment of a court of competent jurisdiction within sixty (60) days
<br />after the same has been so established, this franchise shall automatically be forfeited.
<br />Section 12. That every taxicab operated by grantees under this franchise shall, at all
<br />times, have painted, or otherwise impressed upon the front doors thereof, easily visible signs
<br />bearing proper identification of the company operating under this franchise. All such vehicles
<br />shall be owned by and registered in the names of the grantees, and no other vehicle may be used
<br />under this franchise. Each of such vehicles shall be registered with the City Clerk of the City of
<br />Paris by motor vehicle in numerical order, beginning with the number 1, which number sha11, at
<br />a11 times, be displayed at some convenient location on both sides of said vehicles.
<br />Section 13. That it sha11 be the duty of the City Council of the City of Paris to enforce
<br />the provisions of this ordinance and a11 applicable regulations, which, when approved by the City
<br />Council, sha11 become binding upon the grantees herein. Among other things, the City Council
<br />sha11, from time to time during the term of this franchise, have the power and authority to
<br />promulgate effective regulations concerning the following, to-wit:
<br />(1) To make reasonable orders respecting character, extent, quality, and
<br />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
<br />the rendering of service to the public under this franchise; and,
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