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0094 IA 0 =IAN= $li • • AN 6tananCE ENf1TLEDz AN ORDINANCE '10 PROVIDE PM , THE °PEPTIC/it OF A SYSTEM FOR THE TRANSPORTATION OF PASSENGERS WITHIN THR CA'Y OF JACKSONVILLE, ARKANSAS, BY MOrIR =BUO; CR N1'IMI A FRANCHISE FOR TIE OPEMTtON OF SUCH A SYSTEM TO THE INTER CITY TRANSIT COMPANY, AND FOR OTHER PURPOSES". WHEREAS, the inoreasixtt growth in population of the City of Jacksonville; the devalopnent of housing amt residential misers at considereble diotenoe from the central and business portion of the city; and industrial and business expansion providing employuent for many resident therein, have created a need for a passenger transportation system to serve the convenience and necessity of the inhabitants of the city; end, WHSREAS, the Inter City Transit Company, a partnership, offers to provide and operate snob transportation system and service for the earring° of passengers by motor -bus within the City of Jacksonville upon terms and oonditiaas which are deemed advantageous to the City; and, =ERAS, in order to justify such operation and to assure t!n rendition of the proper character of serade° to meet the public needs of the City it is deemed advisable to grant a Franchise therefore to the said Inter City Transit Companny; NOW, THEREFORE. BE IT GIDAINED BY THE COJNC1L OF THE CITY OF JACKSONVILLE, ARKANSAS: SECTION 1. The inter City Transit. Company, a partnership. having its principal office in the City of North Little Ronk Arkandas, its suoessars and assigns (hereinafter called the "operator ") be and it is hereby granted the sole end exclusive right, privi.lepe aid authority to provide, conduct, operate and maintain a service and system for the Transportation of passengore by motor -bus, through over and upon the inblio streets. roads and throughfaree within the corporate limits of the City of Jacksonville, Arkansas. as said limits are now or may be during the term hereof, and to do and perform any and all things neoeasari3y and normally incident to and required by such business. for the time and upon the terms, conditions and limitations set forth in this ordinance. SECTION 2. Subjeot to earlier termination for any of the reasons heroin provided, tbn terms 02 the franchise here granted and conferred shall commence upon the date this ordinance becomes offeotive and stall extend therefrom for a period of five years. SECTION 3. In consideration of the grant of snob exolusive franchise, and in lieu of any end all other municipal tax, licenses or fees for the privilege of operating and engaging in such transportation business and upon the properties of the operator therein utilized, tam Operator shall pay to the City of Jacksonville a sum equal to eight (8%) per cent of the gross income realized exclusively from the operation of snid system within the City of Jacksonville, in the transportation of passengers whose carriage originates within the corporate limits of the City. SECTION la. Payment of the amounts due the City from the Operator under the provisions Of SECTION TWEE of this ordinance shall be made monthly during the term of *portion under this franchise. SECTIOI 5. For the transportation of passengers under the operation authorized in the grant of this ordinance the operator is authorized to collect a fare of ten cents (.10¢) per passenger for each sure -many trip. SECTION 6. The Operator shall at all times comply with all safety and insmnms requirements provided by the lean of Arkansas in respect to such business. The Operator shall at ell times during its operation hereunder. provide service and equipment adequate to the convenience and necessity of the inhabitants of tee City. and shall establish such routes, regular schedules and stops as will rescuable and most - conveniently conform to passenger travel requirements within the City, Should the Operator and tie City fail to agree in the event of any dispute respecting the service and the suffioienoy thereof ae required in this ordinance, such dispute atoll be submitted to arbitration by three arbitrators, ono of whom shall be ehoson by each of the parties hereto and a third to be selected by those two. The decision of such arbitrators. or any two thereof, shall be final and eonalusive respecting such issue. SECTION 7. If the Operator shall fail or refuse to inflame any obligation upon it incumbent under this ordinance, the City of Jacksonville shall have the right to revoke this franchise, hawing first given the Operator thirty (30) days written notice there, evidencing the action of the City Council tailoring such revocation. SECTION 8. If at any time the volume of business enjoyed by the Operator hereunder shall diminish to such an extent that continued operti.on cannot be maintained except at a loos, the Operator shall have the right to surrender the franchise here granted, free from any liability, penalty or obligation in respect thereto. after first having given thirty (30) days notice of such intention to the City. SECTION 9. This Ordinance shall become effective as a contrast between the City of Jacksonville and the Inter City Transit Company by indorsement made hereon by the Operator accepting the torus and conditions hereof, following passage of sumo by the City Council. SECTION 10. This ordinance being necessary for the preservation of"the public peace, welfare and safety of the citizens of Jaakconrrillo, Arkansas, an emergency is declared to exist, and this ordinance shall be in force and offset from ani after its passage. PASSED T'TS DAT OF Jae 12 l%8. _. - -° 2 e; j MITCH ATTEST; RNCCRIMR The terms and conditions of this ordinance accepted end agreed to this .- Y -..._. day .1958. INTERCITY TRANSIT OOMEAVYt •