(A) The City Council shall have the power, under such rules as it may adopt, to suspend or revoke any permit issued under the provisions of this chapter; and in case the term of either the bonds or insurance policies mentioned in § 5.32.060 shall expire or the bonds or insurance policies be canceled at any time during the term for which any such permit shall have been granted, the permit shall, by such expiration or cancellation, be automatically suspended until such bonds or insurance policies are reinstated and are again in full force and effect, or have been replaced by new bonds and policies to the approval of the City Council.
(B) It shall be unlawful for any owner or any driver to operate any motorbus after the revocation or during the period of suspension of the permit issued to the owner of such motorbus under the provisions of this chapter.
(`83 Code, § 5.32.120)