It shall be unlawful for any person, firm or corporation to operate any car, bus, or taxicab for the purpose of carrying passengers for hire, without first furnishing proof to the town that the car, taxicab or bus or its owner has a personal and property damage or a liability insurance policy in some reliable company doing business in the state, in an amount of $10,000 to $20,000 or, in lieu thereof, can post a justified bond in the sum of $11,000.
(Prior Code, § 6-1020) (Ord. passed 1-2-1950) Penalty, see § 112.99
Statutory reference:
Authority for a municipality to regulate taxicabs, see G.S. § 160A-304