All taxicabs and jitneys hauling passengers in the city shall carry indemnity insurance while operating in or out of the city. The insurance shall be in the sum of not less than the minimum level of liability insurance required by G.S. Chapter 20, Article 9A (Motor Vehicle Safety and Responsibility Ace of 1953) to cover injury to one or more persons on account of the operation of the taxicab or jitney.
('58 Code, §§ 18-12 and 18-13) (Am. Ord. 04-01, passed 1-5-04