A taxicab licensed to operate under the taximeter plan of charging shall comply with the following:
(a) Be equipped with a taximeter. No person shall charge any higher rate of fare than is recorded in the reading face of such taximeter except that, at the option of the passenger, an hourly rate as hereinafter described may be used.
(b) After sunset, the face of every taximeter shall be illuminated by a suitable light so as to throw a continuous steady light thereon. No person shall use, permit to be used or drive for hire a taxicab equipped with a taximeter which shall be in such condition as to be inaccurate by more than five percent to the prejudice of the passenger.
(1943 R.O., Ch. II, Art. D.)