A certificate of convenience and necessity shall constitute a franchise from the city for the operation of taxicabs within the city, subject to the provisions of this chapter, for one year, unless a shorter period of time is specified in the certificate. Applications for renewal shall be filed annually on or before June l, and the City Council shall review all certificates to be considered for renewal at its first regular meeting in the month of June of each year. Renewal applications may be filed by letter stating any change which has occurred from the original certificate or application, such as the average number of pieces of equipment operated during the previous year, and the name of the owners of stock if the franchise shall be a corporation. At the time of renewal each year the City Council may reduce the number of taxicabs authorized to the average number of taxicabs which the applicant has been actually operating during the previous 12 months. The owner of a franchise from the city for the operation of taxicabs within the city shall give the City Council at least 30 days prior notice of intention to cease operating taxicabs under the franchise.
(‘58 Code, § 18-4) (Am. Ord. 22-01, passed 1-3- 22) Penalty, see § 10.99