1143 ORD GRANTING FRANCHISE TO HEREINAFTER NAMED GRANTEE FOR PRIVILEGE OF OPERATING MOTOR VEHICLES ON STREETS ETC OF COP

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Ik ~dft~ AM6 a . use said streeta sha11 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 sa3.d streets, alleys and public ways. Section 5. 3'hat the grantee shall., during the life of said franchise., pay to the City of Paris, at the office of the City Secretary, in lawful money of the United 9tates two (2) per cent of the gross receipts measured bg the total fares collected and other income derived from the operation of the taadcab service, mdiich said remittance shall be mad,e monthly on or before the seventh day of each calendar month for the pre- ceding cal.endar month. The compensation provicled for in this section shall be in lieu of any other fees, or charges., imposed by any other ordinance now., or hereafter,, in force during the life hereof, but shall not release the grantee frcam the payment oP ad valorem taxes levied., or to be levied, on property it owns. Seetion 6. It sha11 be the dzty of the grantee to file with the Mayor of the City of Paris a sworn statement showing all receipts, which said verified statement sha11 be fi.led within five (5) days following the end of each month. The grantee herein shall be required to instal.l and adequately keep a system of bookkeepiug to be approved by the Mayor., which books shall be subj ect to inspection of the governing body of the City of Paris and such person., or persons., as the City of Paris may desig- nate., or either of them., so as to enable the City of Paris to check the correctness of the accaunts kept and in order to enable it to compute the amunt of the grosa re- ceipts tax that may be due to the City. Any negleet.. omission or refusal by said grantee to file said verified state- msnt., or to pay the said percentage of the said gross receipts at the t3.me or in the manner hereinbefore provided, shall ipso facto work a forYeiture of said franchise and of all rights thereunder to the City of Paris. Section 7. The City of Paris expressly reserves the right to modify, amend, alter, change or eliminate any of the provisions of this franchise, duri.ng the li.fe of the same, Yor the following purposes., to-wit: (1) To eliminate or delete fmm the same such conditions as then prove obsolete or impractical; (2) To impose such additional conditions upon the grantee as may be 3ust and reasonable, such conditions to be those as may be deemed necessary for the purpose of insuring adequate service to the public.