1593 ORD GRANTING TO LEONARD BOONE AND MCKINLEY JOHNSON A FRANCHISE TO USE PUBLIC STREETS ETC

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Section 10. At all tirnes during the effective period of this franchise grantees shall have procured and kept in full force and effect policy or poli- cies of public liability insurance, covering each motor vehicle to be operated and operated under this franchise, conditioned that the holder of the fran- chise shall well and truly pay to the Ma.yor of the City of Paris, or his suc- cessor i.n office for the benefit of every judgment creditor who has been in- jured through the negligent operation of any such motor vehicle by the grantees of their employeea, or will well and truly pay directly to any such judgment creditor who has been in3ured, or whose property ha.s been damaged, any amount or amounts of money that sha.ll have been awarded by final judgment of any court of competent jurisdiction against such grantees on account af any such injury or damage, not exeeeding for bodily injury or death to any one per- son the sum of Five Thousand Dollars ($5, 000. 00), or the sum of Ten Thousand Dollars ($10, 000. 00) for all persons injured in any one accident or occaeion, and not exceeding Five Thousand Dollara ($5, 000. 00) for property damages ariaing out of any one accident or occasion. Any such policy of insurance shall further provide that each such cause of action shall survi.ve in case of death of any injured or damaged person for the benefit of the beneficiary of any such person, and shall further provide that such policy shall be subject to successive recoveries during the time that the same may con- tinue in effect. Any such policy of insurance shall be iesued by an approved insurance company, authorized to do business in the State of Texas. Section 11. In the event of the failure of grantees to fully da.scharge any claim for damagea established by final judgment of a court of competent jurisdiction within aixty (60) days after the same has been so eata.blished, this franchise shall automatically be forfeited. Section 12. Every ta.xicab operated by grantees under this franchiae shall at all tixnes have painted or otherwise impressed upon the front doors thereof easily visible signs bearing proper identi.fication of the company operating under such franchise. All such vehicles shall be owned by and re- gistered in the name of the grantees, and no other vehicle may be used un- der this franchise. Each of such vehicles shall be registered with the Gity Clerk of the City of Paris by motor number, and the City Clerk shall assign for each such respective vehicle in numerical order, beginning with the Number 1, a number, which number shall at all times be displayed at some convenient location on both sidea of the same. Section 13, It shall be the duty of the City Manager of the City of Paris to enforce the provisions of this ordinance and all other applicable regula- tions. He shall also recommend to the governing body of the City of Paris from time to time reasonable rules and regulations, which, when approved by the City Council, shall become binding upon the granteea herein. Among other things, the City Council shall from time to time during the term of this franchise have the power and authority to promulgate effective regulations concerning the following, to-wit: (a) To make reasonable orders respecting character, extent, quali.ty and standard of service of grantees to be provided under this franchise; (b) To fix au-ch rates for service to the public as are not in conflict with the express provisions hereof as will provide for grantees a reasonable and fair rate of return upon the fair value of the property used and useable in connection wa.th the renderi.ng of service to the public under this franchise. (c) To preacribe the number of taxicabs to be operated by grantees, applying thereto the principles of public necessity and convenience; - 3 -