1953 ORD GRANTING TO LEONARD BOONE AND MCKINLEY JOHNSON FRANCHISE TO USE PUBLIC STREETS, ALLEYS AND HIGHWAYS OF COP

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alleys and public ways, and the rights of the grantees herein to use said streets shall at all times be subservient to the right of the governing body of the City of Paris to fully exercise its rights or control over said streets, alleys and public ways. Section 6. The grantees shall, during the life of this franchise, pay to the City of Paris at the office of the City Clerk in lawful money of the United States a sum equal to two (2) per cent of tYe gross receipts and total fares collected and other income derived from the operating of said taxicab business, whk h remittance shall be made monthly on or before the lOth day of the month following the month for which such respective remittances are made, and shall be accompanied by a verified statement of the gross receipts .for such preceding month. The grantees shall at all times keep a system of books and records which meet the approV_ al of the City Clerk of the City of Paris and which adequately re- flect upon inspection the amount of such gross receipts for each day of each month during such franchise, which books shall at all times be subject to inspection by the City Clexk or any other de- signated agent or official of the City of Paris. The payments stipulated and provided in this section shall be in lieu of any other tax or assessment or charge by the City of Paris which may nornr or may hereafter be in force during the term of this .fran- chise, excluding only ad valorem taxes. Any neglect, omission or refusal by the grantees herein to file such verified statement of gross receipts monthly, as re- quired, or to pay such specified percentage of said gross re- ceipts to the City of Paris when due and as specified, sha.ll ipso facto work a forfeiture of this franchise and of all rights hereunder. Section 7. The City of Paris expressly reserves the right to modify, amend, alter, change or eliminate any of the provi- sions of this franchise, during the Zife of the same, for the following purposes, to-wit: (1) To eliminate or delete from the same such conditions as then prove obsolete or impractical; (2) To impose such additional conditions upon the grantees as may be just and reasonable, such conditions to be those as may be deemed necessary for the purpose of insuring adequate service to the public. Section 8. Notwithstanding what may be said in any other potion of this instrument with reference to the termination thereof, this right is granted subject to the provisions of Article l, Section 17 and 26 of the Constitution of the State, the applicable state laws, charter provisions and such future laws as may be enacted by the legislature, or amendments to the Constitution and the Charter of the City of Paris. Furthermore, the governing body of the City of Paris reserves the absolute right upon notice and a hearing, which said notice shall be given to the grantees not less than thirty (30) days before such hearing, to absolutely termirxate this grant for any viola- tions of the terms and provisions of this ozdinance.