If the owner sells or transfers title to a taxicab or limousine for which a license has been issued, or in the event a vehicle for which a license has been issued has been destroyed, he is entitled as a matter of right, upon written application to the Director of Police Services made within 45 days after such sale, transfer or destruction, to have a new license issued for the taxicab or limousine replacing the one so sold, transferred or destroyed. Licenses and permits issued under this chapter are not transferable with the vehicles sold or transferred. If a taxicab is withdrawn from service for a period of 45 days without written permission from the City Manager first being secured, the license for such taxicab shall be automatically cancelled and the number of taxicabs authorized by the owner's permit shall thereafter be reduced by one or more as the case may be.
('64 Code, § 22-33) (Ord. 627, passed 3-24-83) Penalty, see § 10.97