(A) The annual fee, payable in advance, for the license shall be in an amount as determined by the City Council from time to time for each taxicab operated. Whenever the number of cabs so operated shall be increased during the license year, the licensee shall notify the City Clerk of the change and shall pay the additional fee.
(B) This fee shall be in lieu of any other vehicle fee required by ordinance, and the City Clerk shall issue suitable tabs or stickers for the number of cabs covered by each license. The tag or sticker shall be displayed in a prominent place on each taxicab while it is in use, and may be transferred to any taxicab put into service to replace one withdrawn from service.
(C) The licensee shall notify the Clerk of the motor number and state license number of each cab operated and of the corresponding municipal tag or sticker number.