727.02 LICENSE FEE.
   (a)    No person, firm or corporation shall operate or cause to be operated a taxicab or proffer the services of any vehicle as a taxicab unless the owner of such vehicle has obtained a taxicab license as provided herein.
   (b)    Every such taxicab license shall expire on the thirty-first day of December for the year in which issued. Licenses issued on or after July first of any year shall be issued at one-half the annual license fee.
   (c)    The annual license fee for each taxicab shall be ten dollars ($10.00).