No license shall be transferred to a new owner or lessee of a vehicle. A certificate of convenience and necessity may be transferred upon approval of the City Council to a corporation in which the original holder owns a majority of the outstanding stock. No license shall be issued unless there is a vehicle owned or leased by the certificate holder which has met the requirements of this chapter to which the license can be affixed. A license shall be surrendered and canceled when the holder no longer has a qualified vehicle for it. No certificate of convenience and necessity or taxi license shall be leased by the holder to another party or entity, or in any manner transferred with or without value.
(Ord. 00-013, passed 10-10-00)