96-024 ORD GRANTING STEVE B RANEY AND WENDY L RANEY DBA YELLOW CAB COMPANY A FRANCHISE TO USE PUBLIC STREETS, ALLEYS AND HIGHWAYS OF COP

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such service. If, and when, the City Council decides to regulate rates, then, at such time, the Council will fully exercise its rate regulatory power under the provisions of law applicable thereto, and the failure to provide under this ordinance the machinery for the administration, legislative or executive control of such matter shall not preclude the Council from fully exercising that power and providing suitable provisions to enforce such power. Section 18. Should it be determined that any clause, condition, or covenant of this franchise is, for any reason, illegal or unenforceable, such clause, condition or covenant shall be disregarded, and the existence of the same shall not affect the remaining clauses, conditions or covenants of this franchise. Section 19. That any unwarranted and intentional neglect, failure or refusal of the grantees to comply with any of the conditions and stipulations contained in this franchise shall thereupon immediately, ipso facto, effect a forfeiture hereof, and the City Council may, thereupon, declare this franchise forfeited and may exclude the grantees from further use of the streets of the City under this franchise, and the grantees shall thereupon and immediately surrender all rights in and to the same, and this franchise shall become null and void and of no effect. Section 20. Within ten (10) days after the passage of this ardinance by the City Council, the grantees herein shall file with the City Clerk, in writing, the acceptance of the terms and provisions of this grant. Section 21. Introduced, read and passed on first reading on March 11, 1996, at a regular meeting of the City Council of the City of Paris; read and passed on second reading on April 8, 1996, at a regular meeting of the City Council of the City of Paris; and, read and passed on third and final reading on May 13, 1996, at a regular meeting of the City Council of the City of Paris, the same being three (3) separate regular meetings of the City Council of the City of Paris, and the last reading being not less than thirty (30) days from the first. This ordinance shall become effective sixty (60) days from the date of the third and final reading. PASSED AND ADOPTED on third and final reading t' h day of May, 1996. Eric S. Clifford, Mayor ATTEST: 11--m si~~ * I C~'- 1Viattie Cunningham, City Clerk APPROVED TO ORM: T. K. aynes, ty Attorney 4