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. � <br /> other insurance covera.ge which is customarily maintained by the transit industry <br /> • ' with respect to similaz transit opzrations. <br /> 12) All insurance policies shall by their terms or by specific endorsement designate <br /> the City and Operator as co-insureds. City shall reimburse Operator for the <br /> premium or other expense to Operator arising from the furnishing by Operator of <br /> the bonds and contracts of insurance required by the Agreement between the City <br /> and Operator. <br /> 13) Operator shall operate said transit system on the days, during the hours and over <br /> the routes with such scheduling, and at such fares as shall be approved or directed <br /> by the City from time to time. <br /> 14) Operator shall collect on behalf of the City and pay over to the City and account <br /> for to the City all revenue, fares and other income arising from the operation of <br /> the transit system, all of which shall be the property of the City. <br /> 15) Operator shall deposit in a ba.nk, or in banks, designated by the City all monies <br /> collected under the provisions hereof at such times and in such manner as may be <br /> directed by the City from time to tune, and shall keep such daily and other <br /> periodic records as City may direct, and shall transmit the same to City in the <br /> manner and form desi�nated by City and shall keep and preserve, or if directed by <br /> City shall deliver to City, such tickets, receipts or other documents or i.nstruments <br /> as City may direct to substa.ntiate the records, bool�s, and accounu of Operator to <br /> be kept by Operator in accordance with accepted �ood accountina practices as <br /> may be directed by the Ciry under the terms hereof, and shall permit Ciry, <br /> throu�h such personnel as it may authorize, to examine and audit said records, <br /> books, and accounts at any and all reasonable times as City may elect, and <br /> Operator shall reimburse the City for any shortage or loss or overchar�e, other <br /> than losses from theft, robbery or other causes beyond the control of Operator or <br /> iu employees, that may be disclosed by such audit or examination. No funds <br /> shall be withdrawn from said bank, or banks, except upon the order of the City. <br /> 16) In addition to the reimbursement elsewhere provided for in this ��eement <br /> between the City and Operator, City shall also pay a fee to Operator for <br /> operation, management and supervision services. Such payments shall be made <br /> in twelve monthly installments on or before the 15th day of each month. City <br /> shall also pay the actual traveling and reasonable per diem eYpenses of <br /> consultants providing the requested assistance set out in Paragraph 3 hereof. <br /> 17) It shall be the responsibility of the Operator to pay without reunbursement by <br /> City, for movi.ng expenses of the Resident Manager, as well as his uainin� costs <br /> and any expense associated with attendin� major conferences, such as the annual <br /> meeting of the American Public Transit Association. <br /> -5- <br />