1724ORDINANCE NO.~
AN ORDINANCE TO AMEND ORDINANCE NO. 1040, DATED DECEMBER 4,
1980, REGULATING AND LICENSING TAXI-CABS IN THE CITY OF WEST
MEMPHIS, ARKANSAS, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST
~:
MEMPHIS, ARKANSAS:
SECTION l: Section one of Ordinance No. 1040, dated December
4, 1980, is amended as follows:
No Certificate of Public Convenience and Necessity shall be
issued or continued in operation unless a Bond signed by a solvent
surety company authorized to do business in Arkansas is filed in
the amount of Five Thousand Dollars, ($5,000.00), conditioned upon
said applicant, establishing, maintaining and continuing the
proposed service until such time as the permit issued to applicant
is canceled, withdrawn, or has expired. It is further provided
that the holder shall provide continuous tax-cab service in the
City of West Memphis on an exclusive basis and will continue to do
so unless sixty (60) days Notice in writing is given the City of
West Memphis, Arkansas, to abandon the concession, which Notice
must be sent by Registered Mail, addressed to the City of West
Memphis, City Hall, 205 South Redding St., West Memphis, Arkansas,
72301.
The applicant, may, in lieu of bond, file a Liability
~. ~
Insurance Policy, issued by an insurance company authorized to do
business in this State, or the franchise holder may purchase a
Certificate of Deposit in the amount of Five Thousand Dollars
($5,000.00) with interest to go to the holder, from a bank in the
City of West Memphis, Arkansas.
k
Liability Insurance shalt be maintained on all vehicles
operated by the franchise holder in the City of West Memphis,
Arkansas,. in the. following amounts:
Fifteen Thousand Dollars ($15,000.00) property damage;
Twenty Five Thousand Dollars ($25,000.00) each person;
Fifty Thousand Dollars ($50,000.00) for each accident that
might occur while such taxi-cab service is being operated in
the City of West Memphis, Arkansas.
~.
SECTION 2. All ordinances or parts of ordinances in conflict
herewith are hereby repealed.
PASSED AND APPROVED this
19~.
ATTEST:
~s~ day of FE$r2yA~Q~~
~`'C.~
AL BOALS, Mayor
DAN CRXF~', Cit~jele
SPONSORED BY:
C~
RECEIVED
+~, CITY CLERK OFFICE
'i/ATE oZ - / o~ - _~ GO t Z.. O C7 ,..acti