In the event of any recovery of any final judgment and termination of final appeal proceedings, if any, against the owner or operator of any taxicab, for damages on account of bodily injuries or death or for damage to property (other than injuries, death, or property damage of the owner or owner's employee) resulting from the ownership, maintenance, or use of a taxicab in the city, and nonpayment thereof for a period of 30 days thereafter, the director of public service and safety shall forthwith revoke all licenses of all the taxicabs of the owner.
('59 Code, § 761.18) Penalty, see § 115.99