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Section 14. Motor vehicles operated by grantees under this franchise shall be known as <br />"public service vehicles" and, when not in use in the exercise of the privileges granted herein, shall <br />be stationed or parked at the headquarters of the grantees, which headquarters shall be located on <br />private property. <br /> <br /> Section 15. The word "taxicab", as used in this ordinance, shall mean any passenger vehicle <br />with not more than three rows of seats and a normal capacity not in excess of seven passengers which <br />is not operated over a fixed route or routes and which is engaged for the purpose of carrying a <br />passenger, or passengers, by special trips to and from specified addresses as designated by any such <br />passenger or passengers. <br /> <br /> Section 16. That the grantees shall promptly pay all lawful ad valorem taxes and such other <br />levies and assessments, if any, that may be lawfully imposed upon them. Failure to pay any of such <br />charges, or either of them, shall be deemed a breach of the privilege granted herein, and the City, <br />upon the happening of such event, may declare the rights of the grantees hereunder forfeited for such <br />breach. <br /> <br /> Section 17. This grant is made upon the express condition that the non-exercise of the power <br />to regulate rates and charges which the grantees may charge to the public in the operation of their <br />business shall never be construed as an acquiescence or recognition of the justness or correctness of <br />said grantees' established rate, and that, so long as the City Council of the City of Paris does not <br />exercise its legislative and governmental power to fix and regulate the rates that the grantees shall <br />charge to the public, the question of property values used and useful in the rendering of the service <br />prior to rate regulation shall never stop the City from determining the real or actual value of property <br />used or useful in 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 allowance <br />in the way of said rate shall be made as compensation for any property used or consumed in rendering <br />the service by the grantees for such service. If, and when, the City Council decides to regulate rates, <br />then, at such time, the Council will fully exercise its rate regulatory power under the provisions of law <br />applicable thereto, and the failure to provide under this ordinance the machinery for the <br />administration, legislative or executive control of such matter shall not preclude the Council from <br />fully exercising that power and providing suitable provisions to enforce such power. <br /> <br /> Section 18. Should it be determined that any clause, condition, or covenant of this franchise <br />is, for any reason, illegal or unenforceable, such clause, condition or covenant shall be disregarded, <br />and the existence of the same shall not affect the remaining clauses, conditions or covenants of this <br />franchise. <br /> <br /> Section 19. That any unwarranted and intentional neglect, failure or refusal of the grantees <br />to comply with any of the conditions and stipulations contained in this franchise shall thereupon <br />immediately, ipso facto, effect a forfeiture hereof, and the City Council may, thereupon, declare this <br />franchise forfeited and may exclude the grantees from further use of the streets of the City under this <br />franchise, and the grantees shall thereupon and immediately surrender all rights in and to the same, <br />and this franchise shall become null and void and of no effect. <br /> <br /> Section 20. The grant of this franchise shall be and is hereby expressly conditioned upon the <br />right of the City Council to adopt an ordinance or ordinances regulating the activities authorized <br />herein, and upon adoption of said ordinance or ordinances, the City Council reserves the right at its <br />discretion to supersede this ordinance with the requirements of said regulatory ordinance or <br />ordinances, even if the term of this ordinance has not expired. <br /> <br />4 <br /> <br /> <br />