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

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(a) To make reasonable orders respecting character, ex- tent, quality and standard of service of grantees to be pro- vided 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 pro- vide for grantees a reasonable and fair rate of return upon the fair value of the property used and useable in connection with the rendering of service to the public under this franchise. (c) To prescribe the number of taxicabs to be operated by grantees, applying thereto the principles of public necessity and convenience; (d) To make such other rules and regulations as may be reasonably necessary to facilitate adequate service to be ren- dered to the public under this franchise, any such rules and regulations when adopted to be binding upon the grantees herein. Section 13. Motor vehicles operated by grantees under thisfranchise shall be known as "public service vehiclestP and when not in use in the servic e of the privileges granted here- in, each of such vehicles shall be stationed or parked at the headquarters of the grantees herein, which headquarters shall be located on private property. Section 14. The word °'taxicabss' 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 special trips to and.from specified addresses as designated by any such passenger or passengers. Section 15. That the grantees shall promptly pay all law- ful ad valorem taxes, an d such other levies and assessments, if any, that may be lawfully imposed upon it. Falure 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 o.f such event, may declare the rights of the grantees hereunder for- feited for such breach. Section 16. This grant is made upon the express conditions that the non-exercise of the power to regulate rates and charges which the gran-Eees may charge to the public in the operation of its business shall never be construed as an acquiescense or re- cognition of the justness or correctness of said grantees' es- tablished rate, and that so long as the governing body of the City of Paris does not exercise its legislative and governmental power to fix and regulate the rates that the grantees herein shall charge to the public, the question of property values used and useful in the rendering of the service prior to rate regula- tion shall never stop the City from determining the real or ac- tual 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 ser- vice 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 grantees herein for such service. If, and when, the City Council decides to regulate rates, then at such time the Council will fully exercise its rate regulatory