Every
franchise granted shall be subject to the right of the City, whether
reserved therein or not, to prescribe and regulate the rates, fares,
rentals or charges made for the service rendered under such franchise;
to require such reports, accounts or special information about its
affairs to be furnished, as the council may prescribe or deem necessary
or convenient, for the purpose of fixing such rates, fares, rental
or charges, or for any other lawful purpose, to be made in such form
and verified by such persons as the council shall prescribe, to have
full and free access, at any and all reasonable times, to all books,
records and papers of such franchise holder with the right to examining
the same and privilege of taking copies of the same or any part thereof.