All applicants for new licenses shall pay an initial fee, the purchaser of such business shall not be required to pay an additional initial license fee. Annual licenses may be transferred with the sale of the business, upon payment to the Clerk-Treasurer of a transfer fee of $1 per license. An annual license fee of $5 per year per taxicab shall be paid to the Clerk-Treasurer on or before July 1 each year. Once an owner quits the taxicab business, sells or transfers his or her license or fails to renew his or her annual license, he or she shall, upon application for a taxicab license, be regarded as a new applicant and required to pay the initial fee herein provided.
(1996 Code, § 53.03)