If the Mayor determines that such applicant will conduct his business in accordance with the provisions of this chapter and the laws of the State regarding motor vehicles and that the applicant is financially responsible to carry on such business and that a liability insurance policy, in the amounts of one hundred thousand dollars ($100,000) each person and three hundred thousand dollars ($300,000) each occurrence, has been obtained by the applicant with respect to his business and upon payment of an annual fee of one thousand dollars ($1,000), such license shall be granted to the applicant. The license may be renewed from year to year upon applicants paying the required annual license fee and furnishing the liability insurance required hereunder.
(Ord. 77-8. Passed 11-7-77.)