(a) Within sixty (60) days after the applicant has been notified that the public convenience and necessity do justify the operation of the vehicle or vehicles for which he is seeking a certificate, the applicant shall furnish and file with the City Manager the following:
(1) A full transcript of the information appearing on the certificate of title of each vehicle for which a license is desired, and the state license number of each vehicle;
(2) A certificate from the Ohio Highway Patrol or other acceptable agency certifying that each vehicle for which a license is desired has been inspected and tested and found to meet the standards fixed by statute and that each such vehicle is roadworthy and safe for operation as a taxicab;
(3) The name of each person who will operate such taxicab, with operator's license number of each such person; and
(4) An insurance policy or bond as follows:
A. A policy or policies of liability insurance issued for the life of the certificate applied for or longer, by a responsible insurance company, approved as to sufficiency by the City Finance Director and as to legality by the City Law Director providing indemnity for or protection to the applicant against loss resulting from the operation of each such taxicab on account of injury or death of any person or persons resulting from an accident for property damage caused in any accident and for uninsured motorist protection. The amount of such insurance coverage shall be determined by the City Manager.
B. In lieu of the policies of insurance above described, applicant may furnish a bond binding the principal and sureties to liability for the payment of a judgment or judgments to the extent of an amount established by the City Manager for insurance as above set forth, with at least two (2) approved persons as sureties or one (1) approved corporate surety approved as to sufficiency by the City Finance Director and as to legality by the City Law Director.
C. Such policy shall contain a clause obliging the insurance company or bonding surety to give no less than ten (10) days' notice in writing to the City Manager of any cancellation of the bond or policy or policies. In the event that the said insurance or bond lapses during the life of the certificate and coverage is not immediately restored by the owner or operator, the certificate shall be canceled by the City Manager and the taxicab license shall be revoked.
(b) The failure of the applicant to file documentation pursuant to subsection (a) hereof within the sixty (60) day period shall result in the revocation and nullification of the City Manager's finding under Section 737.03(c).
(Ord. 1988-57. Passed 9-27-88.)