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,r AMk <br />Seation 5, That the grantee 9hs11, during the life of said franahise, pay to <br />the City of Parist at the offioe of the City Secretary, in lawful money of the United <br />Statess two (2) per aent of the gros$ reoeipts measured by the total fares Qollscted <br />and other income derived from the operation of the taxioab serviae, whioh said re- <br />mittanee aha7.l be made monthly on or before the seventh day of eaah csalendar month <br />for the preQeding calendar month. The aompenaation pravided for in this seatian shal.l <br />be in lieu of any other fess, or aharges, imposed by any other ordinauce'nows or here- <br />after, in Portse during the life hereof, but shall not release the gra.ntee from the <br />payment of ad valorem tauces levied, or to be Iev3ed, on property it owns. <br />Seotion 6. It shall be the duty of the grantee to file with the Mayor of the <br />City of Paris asworn statement ahowing all reaeipts, whieh sai.d verified statemsnt <br />shall be filed wj.thin five (5) days following the end of eaah month. The Grantee <br />herein shall be required to inetall and exiequately keep a system of bookkkeeping to be <br />approved by the Mayarg whiah books shal]. he subject to inspeation of the governing <br />body of the City of Paris and suah personp or persons, as the City of Yaris may desig- <br />nate., or either of them, $o as to enable the City of Paris to cheak the correctneas <br />of the aaQOUnts kept and in order to enable it to Qompute the amount of the groae re- <br />aeipts tax that may be d.ue to the City, <br />Any negleot, omisgi.on or refusal by said grantee to file said veriPied statement <br />or to pay the said percentage vf,the said gross receipts at the time or in the manner <br />hereinbefore provided, shall ipso faato work a f'orfeiture of said franchi.se and of all <br />rights thereunder to the City of raris. <br />Secttion 7. The City of :'aris expreasly reservee the right to modify, amend, alter.. <br />change or eliminate any of the pravisions of this franchisep durirsg the life of the <br />same, for Lhe following purpoaea, to-rr3.t s <br />(1) To elimi.nate or delete from the sarne suah Qonditions as then prove absolete <br />or impracitical; <br />(2) T'o impose 8uoh additional eonditions up4n the grantee as may be juat and <br />reaaona.blet suoh conditions to be t.Yioae as may be deemed neaeasary for the purpoae of <br />inauring adequate service to the publia. <br />Seation 8. Notwithstandi.ng what may be said in any other portion of thia inatru- <br />ment with referenoe to the termination thereof, this right is f;rantsd subjeat to the <br />provisions of Artiale I, Section 17 and 26 of the uonstitution of the State, the appli- <br />Qab1e state laws, eharter provisionsp and sueh future laws as may be endated by the <br />legislature, or amendments to the Conatitution and the Charter of the City of Pariao <br />-2- <br />