(A) Any application so filed with the City Clerk shall be presented to the Mayor and Council by the City Clerk. If such application is approved by the Mayor and Council, and the applicant has paid the fees as provided in this chapter, and has filed with the City Clerk a certificate of the insurance carrier certifying that there is in effect insurance as provided in this section, the City Clerk shall thereupon issue a separate license to the applicant for the operation of each taxicab authorized by the Mayor and Council in the application. The policy of insurance shall be issued by an insurance carrier authorized to do business in the state and it shall insure the owner and operator of the taxicab business, his agents, and employees while in the performance of their duties against loss from any liability imposed by law for damages including damages for care and loss of services because of bodily injury to or death or any person and injury to or destruction of property caused by accident and arising out of the ownership, use or operation of such taxicab or taxicabs, subject to minimum limits, exclusive of interest and cost, with respect to each such motor vehicle as follows: $25,000 because of bodily injury to or death of one person in any one accident and, subject to the limit for one person, to a limit of not less than $50,000 because of bodily injury to or death of two or more persons in any one accident, and if the accident has resulted in injury to or destruction of property to a limit of not less than $25,000 because of injury to or destruction of property of others in any one accident.
(B) Each such license shall bear the date of issuance thereof, the name of the applicant to whom it is issued, a complete description of the vehicle for which it is issued and the name of the insurance carrier thereon.
(`83 Code, § 16-105) (Ord. 87-16, passed 9-8-87; Am. Ord. 2016-11, passed 3-21-16; Am. Ord. 2016-38, passed 10-17-16)