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$15,000 for any single occurrence for injury to or destruction of property, indemnifying all
<br />persons for any and all damages, personal injuries, or property damages sustained as a result of
<br />the negligent operation of any motor vehicle by the grantees, their agents or employees, and
<br />shall pay all premiums due thereon when due. It is expressly provided that such insurance
<br />policy, or policies, shall, and must, be written and issued by a reputable insurance underwriter,
<br />or underwriters, authorized to do business in the State of Texas, with the City of Paris as an
<br />additional insured, subject to approval by the City Attorney of the City of Paris, and the
<br />grantees, or their insurance carrier or carriers, shall deliver a copy of any such policies to the
<br />City Clerk of the City of Paris, 150 1st Street S.E., Paris, Texas 75460, or furnish to said City
<br />Clerk a current letter or certificate from such company, or companies, evidencing the fact that
<br />such insurance is in full force and effect at all times during the effective period of this franchise,
<br />and specifically noting thereon that the City of Paris is an additional insured. All such policies
<br />shall be written so that the City of Paris will be notified of cancellation or of any restrictive
<br />amendment of the policies at least thirty (30) days prior to the effective date of such cancellation
<br />or amendment. Notice shall be by certified mail, return receipt requested, addressed to the City
<br />of Paris at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-
<br />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
<br />grantees on account of any such injury or damage.
<br />Section 11.
<br /> 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)
<br />days after the same has been so established, this franchise shall automatically be forfeited.
<br />Section 12.
<br /> 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
<br />of Paris by motor vehicle in numerical order, beginning with the number 1, which number shall,
<br />at all times, be displayed at some convenient location on both sides of said vehicles.
<br />Section 13.
<br /> That it shall be the duty of the City Council of the City of Paris to enforce
<br />the provisions of this ordinance and all applicable regulations, which, when approved by the
<br />City Council, shall become binding upon the grantees herein. Among other things, the City
<br />Council shall, from time to time during the term of this franchise, have the power and authority
<br />to 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
<br />the express provisions hereof and as will provide for grantees a reasonable and
<br />fair rate of return upon the fair value of the property used and useable in
<br />connection with the rendering of service to the public under this franchise; and,
<br />(3) To make such other rules and regulations as may be reasonably
<br />necessary to facilitate adequate service to be rendered to the public under this
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