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

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Ah Ank Adsk - ihich shall be loeated on private property and not on any of the streets, alleys., highxays, or public places of the City of Paris. The word "Taxicab" as used in this ordinance sha]1 mean ar~y public motor vehicle not corrveying more than ~ passengers, not operating over a fixed raute, or routes., and carrying a passenger, or passengers., by special trips to and from par- ticular addre9ses as dasignated by the passenger., or passeagers. The stands hereby authorized are sub3ect to the control of the Police Departmerit and subjeet to change at the will of the City Council. Section 14. 2hat the grantee sYia11 promptly pay all lawful ad. va.l.orem talaes., and such other levies and assessments., if any., that may be lawfully imposed upon it. Failure to pay any of such eharges or e ither of them shall be deemed a breach of the privilege granted herein and th e City., upon the happening of such eeent, raay declare the rights of the grantee hereunder forfeited for sueh breach. Section 15. This grant is made upon the express conditions that the non- exereise of the power to regulate rates and charges which the grantee may charge to the public in the operation of its business shall never be construed as an ae- quieseence or recognition of the 3ustness or correctness of said grantee's estab:tished rate, and that so long as the govern:ing body of the City of Paris does not e"rcise its legislative and government,al power to fix and regulate the rates that the grantee herain shall charge to the public, the question of property values used and nseful in the rendering of the service prior to rate regulation sha11 never stop the city froa detexmining the real or actual value of property used or useful in rendering such service. If., and when, the City Council., or other governing body shall exerci se the power to fix the rates to be charged for such service in the City of Paris no 8,210w- ance in the may of said rate shall be made as compensation for any property u,sed or consumed in rendering the service by the grantee herein for such service. If., and when., the City Council decides to regulate rates., then at such time the Council Wi1.1 fu11y exercise its rate regalatory power uncYer the provisions of law applicable t.here- to., and the failure to provide under this ordinance the machinery for the aclm,inistra- tive., legislative or executive control of such matter shall not preclude the Cauncil from fully exercising that power and providing suitable provisions to enforce stich powero