Any applicant for a permit who desires space in which to stand a taxicab on the street shall obtain permission of the property owners or occupants, as required in § 5.50.040. No applicant shall be entitled to space on the street for more than one taxicab, and all applicants for a permit for more than one vehicle shall be required to provide parking space for the remainder of the vehicles off the streets of the city and shall not be entitled to stand the same on public streets longer than necessary to load and unload passengers, except while the vehicle is actually engaged by a passenger.
(`78 Code, § 5.50.090.)