751.04 ISSUANCE OF LICENSE; REQUIREMENTS.
   The Mayor shall investigate each application to determine whether the public convenience and necessity justify the operation of the vehicle for which a license is desired, and shall notify the applicant of his finding. If he finds from such investigation that the public convenience and necessity do justify the operation of the vehicle or vehicles for which license is desired, he shall forthwith notify the applicant. The Mayor, if he so desires, may conduct such public hearings as he deems advisable to determine the matter of convenience and necessity. Within sixty days thereafter, the applicant shall furnish and file with the Mayor, the following:
   (a)    A full transcript of the information appearing on the certificate of title of each vehicle for which a license is desired, and the State license number of each such vehicle;
   (b)    An unexpired official certificate from the Chief of Police, that each vehicle for which a license is desired has been inspected and tested, and found to meet the standards fixed by statute, and that each such vehicle is roadworthy and safe for operation as a taxicab. Provided further, that in the event a license is issued under this chapter, the licensee shall submit every thirty days a certificate from the Chief of Police that each such vehicle is roadworthy and safe for operation as a taxicab.
   (c)    The name of each person who will operate such taxicab, with chauffeur's license number of each such person.
(Ord. 24-1958. Passed 3-7-58.)
   (d)    A policy or policies of liability insurance issued for the life of the license applied for or longer, by a responsible insurance company, approved as to sufficiency by the Mayor, and as to legality by the Director of Law, providing indemnity for or protection to the applicant against loss resulting from the operation of each such taxicab to the extent of twenty-five thousand dollars ($25,000) on account of injury or death of one person in any one accident; fifty thousand dollars ($50,000) on account of injury or death of more than one person in any one accident; and ten thousand dollars ($10,000) for property damage caused in any one accident.
         In lieu of the policies of insurance above described, the applicant may furnish a bond binding the principal and sureties to liability for the payment of a judgment or judgments to the extent of twenty-five thousand dollars ($25,000), fifty thousand dollars ($50,000) and ten thousand dollars ($10,000) respectively, as above set forth, with at least two approved persons as sureties or one approved corporate surety approved as to sufficiency by the Mayor and as to legality by the Director of Law.
         Thereupon, the Mayor shall examine such supporting information and documents, and being satisfied that the applicant is the owner of any such vehicle, that the same is a safe and fit conveyance, and that satisfactory insurance or bond has been issued and is in force thereon he shall, upon payment of the prescribed license fee, issue a license to the applicant.
         A certified copy of such license shall he exhibited in a prominent place in each taxicab at all times.
(Ord. 76-1960. Passed 9-28-60.)
   (e)    Schedule of fares and rates to be charged passengers for transportation during the period of the license.
(Ord. 24-1958. Passed 3-7-58.)