Ord 1981-076 - Laserfiche WebLink

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the payment of any fees, licenses or charges other than those required by the statutes of the State of Texas; the regularly levied and assesed taxes on its property located in the City of San Marcos; a quarterly street rental charge consisting of an amount equivalent to 2 percent of all gross receipts of the Company on operations originating or terminating within the corporate limits of the City of San Marcos. Respective quarterly street rental payments shall be received by the City no later than the tenth day of the months of January, April, July and October. E. Rates of Fares: Subject to change as hereinafter provided, the services of the Company shall be offered and performed on the basis of rates of fare approved by ordinance of the San Marcos City Council. F. Rate of Fare Adjustment: The Company's rates of fare may be changed by the express approval of the City Council of the City of San Marcos upon sixty days prior notice to the City Council of such proposed rate schedule change and upon public hearing. The proposed rate schedule shall also be published by Company within thirty days after such filing of notice with the City Council and prior to any public hearing on the matter at least once in a newspaper of general circulation within the City. G. Insurance: The Company shall procure insurance against liability arising out of injury or death to any person or property damage caused by the negligent or willful mis- conduct of the Company, its servants, agents or employees or by the unsafe condition or operation of its vehicle or equipment, and said insurance shall be in a minimum amount of $100,000 for any one person, and $300,000 for any one accident for personal injury or death, and $100,000 for property damage. Said policy or policies shall be main- tained in force during the term herein provided, and a copy thereof shall be furnished to the City. In addition to the foregoing, Company indemnifies and agrees to hold harmless the City from any and all claims for damages arising by virtue of any negligence or willful misconduct of the Company, its agents, servants and employees. H. Conditions of Franchise Granted: The rights, powers and authority herein granted are granted subject to the Constitu- tion and laws of the United States and the State of Texas, the Charter of the City of San Marcos, and the ordinances and codes of the City of San Marcos, as the same now exist or may hereafter be amended so as to constitute reasonable regulations protecting the health, safety and welfare to insure safe, efficient and continuous mass transit service, all of which enumerated provisions are incorporated herein by reference and made a part hereof as fully as though the same had been copied herein verbatim. I. Manner of Giving Notice: Notice to the Company may be given by leaving a written copy thereof at the office of a designated agent of Company in the City of San Marcos during ordinary business hours. Notice to the City may be given by leaving a written copy thereof at the office of the City Secretary during ordinary business hours. J. Public Convenience and Necessity: The Company has established by clear, cogent and convincing evidence, and the San Marcos City Council has so found and determined, that the present and future public convenience and necessity require the 1