No license issued under the terms of this subchapter shall be transferred from one vehicle to another unless:
   (A)   The vehicle for which it was initially issued is permanently removed from service;
   (B)   The new vehicle is inspected in the manner set forth in § 119.30, and the written report evidencing that the lights, brakes, and steering apparatus of the vehicle are in good mechanical condition is filed with the City Secretary; and
   (C)   Proof that such vehicle has been added to the policy of public liability insurance required by § 119.50 is filed with the City Secretary.
('68 Code, § 35-33)  (Ord. 1782, passed 3-20-95)  Penalty, see § 119.99