No rate or fare shall be placed in effect, charged, demanded or collected by any carrier for the transportation of passengers by vehicle for its services as regulated by this Chapter until the Mayor and City Council, after a hearing upon its own motion, or upon application, or complaint, has found and determined the rate to be just, reasonable and nondiscriminatory, nor in any way in violation of any provisions herein contained or any provisions of law. In establishing and authorizing such rates or fees, the City shall take into account, and give due and reasonable consideration to the cost of all comparable transportation services performed by all persons, firms or corporations engaged in such transportation services for compensation in the City, whether by virtue of any franchise granted by the Department of Finance and Management Services or otherwise, including length of haul, any additional transportation service performed, or of any accessory service, and to value of the facilities reasonably necessary to perform such transportation service.
(Ord. MC-1625, 2-21-24; Ord. MC-1480, 4-18-18; Ord. MC-943, 6-06-95; Ord. 2078, 11-08-55; Ord. 1987, 7-07-53)