Any person or persons, firm, or corporation desiring to operate a taxicab or taxicab service upon or along the streets or other highways within the town, shall, before undertaking so to do, file a signed application form in writing for a license, duly sworn to be the applicant or applicants with the Town Council of the town, which application shall show the following:
   (A)   The name and address of the person, persons, partnership, firm, or corporation desiring the license; if a partnership or firm, the full name and address of each of the members thereof; if a corporation, the name and address of each of the officers thereof.
   (B)   That the applicant is financially able to render taxicab services as applied for and has the financial backing, including liabilities, as required by the town.
   (C)   That the applicant owns and is the sole owner of the taxicabs described in division (D) below, in his service.
   (D)   The make, model, factory number, and state license number of each motor vehicle to be driven and operated as a taxicab.
Penalty, see § 10.99