(A) Whenever an owner sells or transfers title to any taxicab for which licenses have been granted and the vehicle is retired from use as a taxicab, and, within the 30 days after such sale or transfer, purchases another taxicab, the City Manager or designee shall, as a matter of right, upon written application within 30 days of the purchase, issue new licenses for the operation of no greater number of taxicabs than those so sold or transferred, provided the owner has complied with all the provisions of this chapter.
(B) Any owner whose taxicabs, for which licenses have been granted, have been destroyed involuntarily or who voluntarily destroys any taxicab, will, as a matter of right, upon written application to the City Manager or designee within 30 days after the destruction, be issued new licenses for the operation of no greater number of taxicabs than those so destroyed, upon satisfactory evidence presented to the City Manager or designee of the destruction, provided the owner has complied with all the provisions of this chapter.