1559 ORD GRANTING TO JACK ABSHIRE AND M L BRISTOW A FRANCHISE TO USE PUBLIC STREETS, ETC OF COP

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fares collected and other income derived from the operation of said BUS business, which remittance shall be made monthly on or before the lOth day of the month following the mbnth for which such respective remittances are made, and shall be accompanied by averified statemel4t of the gross re= ceipts for such'preceding month. The grantees shall at all times ke~p a system of books and records which meet the approval of the City Clerk of the City of Paris and which adequately reflect`upon inspection the amount of such gross receipts for eac~ day of each month during such franchise, which books shall at all times be subject to inspection by the : City Clerk or any other designated agent or official of the City of Paris. The payments stipulated and provided in this sertion shall be in lieu of any other tax or• assessment or charge by the City of Paris which may now or may hereafter be in force during the term of this franchise, excluding only ad valorem taxes. Any neglect, omission or refusal by the grantees herein ta file such veri- fied sta.tement of gross receipts monthly, as required, or to pay sitch speci- fied percentage of said gross receipts to the City of Paris when due and as specified, shall ipso facto work a forfeiture of this franchise and of all rights he reunde r. ' Section 7. The Gity of Paris expressly reserves the right to modify, amend, alter, change or eliminate any of the provisions of this tranchise, uur,ing the li.fe 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 se,rvice to the public. Section 8. Notwithstanding what may be said in any other portion of this instrument with reference to the termination thereof, this right is granted t subject to the provisions of Article 1, Section 17 and 26 of the Constitution of the State, the applicable state laws, charter prowisions, 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 C-o-ernine Body of the City of Pa,ris reserves the absolute right upon notice and a hearing, which sai'd notice shall be given to the grantees not less than thirty (30) days before such hearing, to absolute"ly terminate thi,s grant 'for any violation of the terms and provisions of this ordinance. Section 9. Said BUSSES sha11 be ogerated upon definite and fixed routes within the City Limits of the City of Pari`s, and that the initial stage of operation of BUSSES sha11 be operated in accordance with the application for this franchise and along the routes proposed therein, and a copy of which application is hereby referred to and made a part hereof for the beginning route of operation. That any change of said route shall first be submitted to the Governing Body of the City of Paris and approved by the Governing Body of the City of Paris. Section 10. At all times durinjz the effective period -of this franchise grantees shall have procured and kept irn full force and effect policy or poli- cies af public liability insurance, covering each motor vehicle to be operated and operated under this franchise, conditioned that the holder of the fran- cliise shall well and truly pay to the Mayor of the City of Paris, or his successor in office for the benefit of every judgment creditor who has bee:n injured through the negligent operation of any such motor vehicle by the grantees or their employees, or will well and truly pay directly to any such judgment creditor who has been injured, or whose property has been damaged, any amount or amounts cf money that shall have been awarded by final judgment