Change of ownership of or title to any taxicab shall automatically revoke any certificate previously granted for the operation of such taxicab. The purchaser of any such taxicab may not operate it as a taxicab until and unless he or she has applied for and been granted a certificate of convenience and necessity, as provided in this chapter. For the purposes of this chapter, change of ownership is deemed as taking place, in addition to the other methods usually employed, if the owner of any taxicab leases the same to any person under any lease or arrangement whereby such person shall have the right, upon payment of an amount of money or other consideration, to acquire title at any future date to such taxicab.
(Code 2019, § 18-14) (Code 1961, § 17-14) (Ord. passed 11-10-1975)