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for any single occurrence for injury to or destruction of property, indemnifying all persons for any
<br />and all damages, personal injuries, or property damages sustained as a result of the negligent
<br />operation of any motor vehicle by the grantees, their agents or employees, and shall pay all
<br />premiums due thereon when due. It is expressly provided that such insurance policy, or policies,
<br />shall, and must, be written and issued by a reputable insurance underwriter, or underwriters,
<br />authorized to do business in the State of Texas, with the City of Paris as an additional insured,
<br />subject to approval by the City Attorney of the City of Paris, and the grantees, or their insurance
<br />carrier or carriers, shall deliver a copy of any such policies to the City Clerk of the City of Paris,
<br />150 1st Street S.E., Paris, Texas 75460, or furnish to said City Clerk a current letter or certificate
<br />from such company, or companies, evidencing the fact that such insurance is in full force and
<br />effect at all times during the effective period of this franchise, and specifically noting thereon that
<br />the City of Paris is an additional insured. All such policies shall be written so that the City of
<br />Paris will be notified of cancellation or of any restrictive amendment of the policies at least thirty
<br />(30) days prior to the effective date of such cancellation or amendment. Notice shall be by
<br />certified mail, return receipt requested, addressed to the City of Paris at the following address:
<br />City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037.
<br />
<br /> The grantees shall well and truly pay directly to every judgment creditor who has been
<br />injured through the negligent operation of any motor vehicle by the grantees, their agents or
<br />employees, or whose property has been damaged, any amount, or amounts, of money that shall
<br />have been awarded by final judgment of any court of competent jurisdiction against such grantees
<br />on account of any such injury or damage.
<br />
<br /> Section 11. That in the event of the failure of grantees to fully discharge any claim for
<br />damages established by final judgment of a court of competent jurisdiction within sixty (60) days
<br />after the same has been so established, this franchise shall automatically be forfeited.
<br />
<br /> Section 12. That every taxicab operated by grantees under this franchise shall, at all times,
<br />have painted, or otherwise impressed upon the front doors thereof, easily visible signs bearing
<br />proper identification of the company operating under this franchise. All such vehicles shall be
<br />owned by and registered in the names of the grantees, and no other vehicle may be used under this
<br />franchise. Each of such vehicles shall be registered with the City Clerk of the City of Paris by
<br />motor vehicle in numerical order, beginning with the number 1, which number shall, at all times,
<br />be displayed at some convenient location on both sides of said vehicles.
<br />
<br /> Section 13. That it shall be the duty of the City Council of the City of Paris to enforce the
<br />provisions of this ordinance and all applicable regulations, which, when approved by the City
<br />Council, shall become binding upon the grantees herein. Among other things, the City Council
<br />shall, from time to time during the term of this franchise, have the power and authority to
<br />promulgate effective regulations concerning the following, to-wit:
<br />
<br /> (1) To make reasonable orders respecting character, extent, quality, and
<br /> standard of service of grantees to be provided under this franchise;
<br />
<br /> (2) To fix such rates for service to the public as are not in conflict with the
<br /> express provisions hereof and as will provide for grantees a reasonable and fair rate
<br /> of return upon the fair value of the property used and useable in connection with
<br /> the rendering of service to the public under this franchise; and,
<br />
<br /> (3) To make such other rules and regulations as may be reasonably
<br /> necessary to facilitate adequate servi~e to be rendered to the public under this
<br /> franchise, any such rules and regulations, when adopted, to be binding upon the
<br />
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