(A)   In determining whether the public convenience and necessity require the franchising of the taxicab or taxicabs the Board of Aldermen shall, among other things, take into consideration the following factors:
      (1)   Whether or not the public convenience and necessity require the proposed or additional taxicab service within the town;
      (2)   The financial responsibility of the applicant and the likelihood of the proposed service being permanent, responsible and satisfactory;
      (3)   The number and condition of equipment;
      (4)   The schedule of proposed rates, if required by the Board of Aldermen, to be charged;
      (5)   The number of taxicabs now operated and the demand for increased service, in any, and whether or not the safe use of the streets by the public, both vehicular and pedestrian will be preserved, and whether or not adequate provision has been made for off-street parking of the taxicabs;
      (6)   The experience of applicant in the taxicab business; and
      (7)   Other relative facts as may be deemed necessary and advisable.
   (B)   Before making any decision with respect to the issuance of a certificate of convenience and necessity the Board of Aldermen, or a committee therefore shall make a full and complete investigation of all facts, if it so desires, subpoena witnesses and utilize the services of the Chief of Police and any other officer or employee of the town.
(Prior Code, § J-II-6)