(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 shall have obtained a taxicab license as herein provided covering such vehicle.
(b) Every such taxicab license shall expire on December 31 for the year in which issued. Licenses issued on or after July 1 of any year shall be issued at one-half the annual license fee herein provided.
(c) The annual license fee for each taxicab shall be twenty-five dollars ($25.00).