2037 ORD GRANTING YELLOW CAB CO OF PARS A FRANCHISE TO USE PUBLIC STREETS, ALLEYS AND HIGHWAYS OF COP

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(a) To make reasonable orders respecting character, extent, quality and standard of service of grantee to be provided under this franchise; (b) To fix such rates for service to the public as are not in conflict with the express provisions hereof as will provide for grantee a reasonable and fair rate of return upon the fair value of the propertyLSed and useable in connection with the ren- dering of service to the public under this franchise; (c) To make such other rules and regulations as may be rea- sonably necessary to facilitate adequate service to be rendered to the public under this franchise, any such rules and regula- tions when adopted to be binding upon the grantee herein. Section 14. Motor vehicles operated by grantee under this franchise sh:all be known as "public service vehicles" and when not in use in the exercise of the privileges granted herein each of such vehicles shall be stationed or parked at the headquar- ters of the grantee herein, which headquarters shall be located on private property. Section 15. The word "taxicabs" as used in this ordinance shall mean any passenger vehicle with not more than two seats and a normal capacity not in excess of six persons, which is not operated over a fixed route or routes and which is engaged for the purpose of carrying a passenger or passengers, by spe- cial trips to and from specified addresses as designated by any such passenger or passengers. Section 16. That the grantee shall promptly pay all lawful ad valorem taxes, and such other levies and assessments, if any, that may be lawfully imposed upon it. Failure to pay any of such charges or either of them shall be deemed a breach of the privilege granted herein and the City, upon the happening of such event, may declare the rights of the grantee hereunder forfeited for such breach. Section 17. This grant is made upon the express condi- tions that the the nonexercise of the power to regulate rates and charges which the grantee may charge to the public in the operation of its business shall never be construed as an ac- quiescence or recognition of the justness or correctness of said grantee's established rate, and that so long as the governing body of the City of Paris does not exercise its le- gislative and governmental power to fix and regulate the rates that the grantee herein shall charge to the public, the ques- tion of property values used and useful in the renderin g of the service prior to rate regulation shall never stop the City from determining the real or actual value of property used or useful in rendering such service. If, and when, the City Council or other governing body shall exercise the power to fix the rates to be charged for such service in the City of Paris no allowance in the way of said rate shall be made as compensation for any property used or consumed in rendering the service by the grantee herein for such service. If, and when, the City Council decides to re- gulate 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 ma- chinery for the administrative, legislature or executive control of such matter shall not preclude the Council from fully exercis- ing that power and providing suitable provisions to enforce such power.