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<br />-, . <br /> <br />J <br /> <br />i I <br /> <br />I <br /> <br />721 <br /> <br />AN ORDINANCE GRANTING A FRANCHISE TO OPERATE A <br />MOTOR BUS BUSINESS: FIXING COM:t'ENSATION FOR THE <br />RIGHTS HERE GRANTED: AND FIXING TERMS AND PRO- <br />VISIONS UNDER WHICH THERIGH'l'S HERE GRANTED MAY <br />BE EXERC ISED .. <br /> <br />BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF <br />SAN MARCOS, TEXAS: <br />Section 1. The City of San Marcos here grants unto <br />Horace Cochran, herein ca lled grantee, a non-exclusive <br />franchise to operate a motor bus business over the streets <br />of said city, fora period of five (5)yeara, beginning <br />September 1, 1959, and terminating August 30, 1964, unless <br />sooner terminated hereunder, all on the terms and conditions <br />herein stated. <br /> <br />Section 2. Ascons1\leration for the rights b.ere (;ranted, <br />grantee agrees, evidenced by his acceptance hereof, as follows: <br />a. To pay to city annua lly a sum of money equa 1 to <br />Fifty Dollars ($50.00) multiplied by the number of busses used <br />in the business during each year, or a sum of money equa 1 to <br />2% of the gross receipts of the business for said year, <br />whichever is the larger sum, the times and methods of making <br />such payments to be fixed by the city. <br />b. To operate said business efficiently, using good, <br />safe equipment and personnel, and to operate the busses on <br /> <br />schedules filed with and approved by the oity. Failure to <br /> <br />operate on schedule sha 11 const! tute default on the part of <br /> <br /> <br />grantee. <br /> <br />c. To oharge not in excess of ten cents (lO~) per <br /> <br />passenger for one continuous passage. <br />d. To oorrect any default hereunder upon request of <br />the city, and failure to correct any such default will be <br />sufficient ground tor city to withdraw and concel all rights <br />granted hereunder. <br />