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Paris to fully exercise its rights or control over said streets, alleys and public ways. Section 6. The grantee shall, during the life of this franchise, pay to the City of Paris at-the office of the City Clerk in lawful money of the United States, a sum equal to $50.00 per vehicle used in the operation of said taxicab business, which remittance shall be made annually on or before the 10th day of December each year. The payments stipulated and provided in this section shall'be in lieu of any other tax or assessment or charge by the City of Paris which may now or may hereafter be in force during the term of this franchise, excluding only ad valorem taxes. Any neglect, omission or refusal by the grantee herein to pay such tax when due and specified, shall ipso facto work a forfeiture of this franchise and of all rights hereunder. Section 7. The City of Paris expressly reserves the right to modify, amend, alter, change or eliminate any of the provisions of this franchise, during the life of the same, for the following purposes, to -wit: (1) To eliminate or delete from the same such conditions as then prove obsolete or impractical; (2) To impose such additional conditions upon the grantee as may be just and reasonable, such conditions to be those as may be deemed necessary for the purpose of insuring adequate service to the public. Section S. Notwithstanding what may be said in any other portion of this instrument- with reference to the termination thereof, this right is granted subject to the provisions of Article 1, Section 17 and 26 of the Constitu- tion of the State, the applicable state laws, charter provisions and such future laws as may be enacted by the Legislature, or amendments to the Constitution and the Charter of the City of Paris. Furthermore, the City Council of the City of Paris reserves the absolute right upon notice and a hearing, which said notice shall be given to the grantee not less than thirty (30 ) days before such hearing, to absolutely terminate this grant for any violations of the terms and provisions of this ordinance. Section 9. That it shall hereafter be unlawful for the grantee, its officers; agents or employees', operating any automobile for hire within the City of Paris, to cruise. Cruising shall consist of seeking, searching or soliciting employment while operating an automobile for hire, by repeatedly and persistently driving such automobile for hire to and fro on the public streets of the City of Paris and offering accommodations thereof to prospective passengers, either by signal, word of mouth or by carrying a sign with the word "Vacant" thereon, or some other word of similar import or otherwise or in any manner whatsoever operating said vehicle upon the public streets of the City of Paris for the purpose of soliciting passengers or driving an automobile for hire upon the public streets while unoccupied by a passenger without having a fixed destination thereof. Section 10. At all times during the effective period of this franchise grantee shall have procured and kept in full forge and effect policy or policies of public liability insurance, covering each motor vehicle to be operated and operated under this franchise, conditioned that the holder of the franchise shall well and truly pay directly to every judgment creditor who has'been injured through the negligent