(A) In determining whether the public convenience and necessity require the franchising of taxicabs, the City Council shall, among other things, take into consideration the following factors.
(1) Whether or not the public convenience and necessity require the proposed or additional taxicab service within the city.
(2) The financial responsibility of the applicant and the likelihood of the proposed service being permanent, responsible, and satisfactory.
(3) The number and condition of equipment.
(4) The schedule of proposed rates to be charged.
(5) The number of taxicabs now operated and the demand for increased service, if any, and whether or not the safe use of the streets by the public, both vehicular and pedestrian, will be preserved, and whether or not adequate provision has been made for off-street parking of the taxicabs.
(6) The experience of applicant in the taxicab business.
(7) Any other relative facts as may be deemed necessary and advisable.
(B) Before making any decision with respect to the issuance of a certificate of convenience and necessity, the Council, or a committee thereof, shall make a full and complete investigation of all facts, and may, if it so desires, subpoena witnesses and utilize the service of the Chief of Police or any other officer or employee of the city.
('58 Code, § 18-5)