Minutes 09/14/1954 - Laserfiche WebLink

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2~ TuESDAY SEP'1"i:l.mrn 14, 1954 ,.-- Section 7. Bedore any driver shall operate a [JUS for t11e transporta,tion of pass8Clgers unc.er tl1i:::; Ordinance, he shall seeur.a o. permit fron the same Cit~T departments fror.1 ".inich perrEits are issued to ta::;:i 'Jrivers, attesting to ilis physical, mental, and moral fi tness and capacH:.y lor the said position, and he must comply witJl tho cnol'al l?cWc, of Virf).nie- as to cllaui'feurls license. Section 3. The OYJDer of said francf'ise shall adopt such rllles and re::;ulai.:,ions as will insure the c om:fort aYld safety of passengers, and to this end may prohibit smokir~ upon ve>icle:3, should snch prohibition be eloomed necessary for the safety and comfort of its natroIlS. ~ Section 9. To insure a proper 2.nd adequate sJstem of accountinG" the said busses S "Iall be equipned 'Nith EB ters, and the mTn.er of t.he franchise c3hall install a standard systor~l of bookkeeping, 2nd furnis'1. the CitJ- '.v:Lth an armu2...1. financial statE::ment prepal~ec; by a Certified Public Accounta.nt. It s1: 311 make qU2Tterly settlements with the City throuf,h such officer as tile Council shall desiGnate, who may inspect ;].r1d audit the :JrCln tee I s books at tho City IS e=qle nse. ~~ i~ i Section 10. The compensation to be p2.id to t'18 sBi d City for me privileges herein granted and the: llse of ::._ts streets and ot1or f;:ccili'c,ies by th.e holder of this franchise shall be tvro per cent (2%) of the L'Y'oSS receipts derived Cron the carriage of ~Jassenc:c2:'s. 'fne Grantee shall pay i.'or vehicle license tags as 'eql1::rcd by the City but may deduct the alilount p2.~~:::_ for same in computing its liabilities to the City under said two p9r cent (2%) of cross receipt.s derived from tnG carriace of passengers. No other privileC:2 or l:_cense tax except the regular ad valorem property tax shall t)C levied by the City against Grantee. No person, firm, or corporation o:peratinf~ under this orc'inance s[] all acquire ccny ve:3ted riGhts or interest in the streets ,:mci 't:V)"ua,Ys of the City of Martinsville. Grantee shall hceve the o~)tion of cO::1tinuin~' under this franchise for ar~ adeli tional fift'2en (15) yeaTS, provided, tIle parties agree on the C:S_ty IS compensation for said period sixty (60) <.la.ys "efore -t1:le expiration of the first fifteen-year period. Section 11. Upon the Granting 0_:_" this franc11ise andlefore proceedir.g to operate thereunder, tre said Grantee shaJ_l enter into 2~ 1::;ond, with surety to be ap,:)roved by the Cit;r Attorney, in the penalty of not less thaYJ two thousand dollaY'", U'i2,000.00) ccnclit:i.oned thC1t the o~)erato:~ lmdor said fra;'lchise will conform and comply "rLth the conditions of this orcEmnce and of the franchise grarted thereunder, and will indemnify and save harm.less the said City of Martinmr:_J.le from any ami all claim.s and demands on account of injuries or damar;es occcLsioned by ~>he nec).if;eIlce of the operator Wider sai,1 i'rancn:i_se, its agents or employees, under any ZJ1.G all opera tians und er?cllcl :~)UTS1.)J::,nt to the terms of this frardr:L.se. Upon COr.l~)l_:Lance with the te:e]T1S of tllis section, a certificate allowing the s aid Grantee to begin opora toLons under the terms oi' this ordinance all d the franchise granted. hereunder sh all be issued and si:ned by the l\layor and by t.he Clerk of City COlillCil. - Section 12. Grantee shall carry at all t:5-Des dur~;_nf, the term of thj5 franchise an insuranco policy to be approved ;;y tho C:Lty J-\ttorney covering rroperty dama.:;e of not ]BeiS than (310,000.00 and pU'Jl:Lc liability insurance for perC30hal injuries of not less than ;.~25, 000.00 for one pers on, and 050,000.00 for onr or flore persons for one accident, on each bus oper2"ted under this franchise.