Advertisement(s) may be placed on any panel on a pedicab provided that no advertisement shall be placed on the panel that displays the rates required to be posted pursuant to § 20-254 of the Administrative Code of the City of New York or on the signs required to be posted pursuant to § 20-260 of such Code, that no portion of such advertisement shall be reflectorized, illuminated, animated, or extend beyond the panel of the pedicab, and that the content of such advertisement shall not violate any applicable provision of law.