(a) Any person desiring to operate a taxicab shall file an application with the Mayor and set forth the following:
(1) The number of taxicabs to be operated;
(2) The name, factory number, State license number and seating capacity of the same;
(3) The name of the owner;
(4) Whether regular or special transfer service is to be maintained;
(5) The fare or schedule of fares to be charged.
(b) Prior to the approval of the application for a license the Mayor shall make investigation into the character and financial responsibility of the applicant.