731.04 INVESTIGATION AND HEARING OF LICENSE APPLICATION; VEHICLE INSPECTION; INSURANCE OR BOND; LICENSE DISPLAY.
   The Mayor shall investigate and hold a hearing upon each application for a license to operate a taxicab. If the Mayor finds upon such investigation and hearing that the public convenience and necessity do not justify the operation of the vehicle for which the license is desired, he shall forthwith notify the applicant of his findings. If he finds from the investigation and hearing that the public convenience and necessity do justify the operation of the vehicle or vehicles for which the license is desired, he shall so notify the applicant without delay. Within sixty days thereafter, applicant shall furnish and file with the Clerk of Council 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 an authorized motor vehicle inspection station in the City, or if none exists from a neighboring city in Ohio, 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.
   (c)    The name of each person who will operate such taxicab, with the driver's license number of each such person.
   (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 Treasurer, and as to legality by the Solicitor, providing indemnity for or protection to the applicant against loss resulting from the operation of each such taxicab to the extent of ten thousand dollars ($10,000) on account of injury or death of one person in any one accident; twenty thousand dollars ($20, 000) on account of injury or death of more than one person in any one accident; and five thousand dollars ($5,000) 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 ten thousand dollars ($10,000), twenty thousand dollars ($20,000) and five thousand dollars ($5,000) respectively, as above set forth, with at least two approved persons as sureties or one approved corporate surety approved as to sufficiency by the Treasurer and as to legality by the Solicitor.
   (e)    Thereupon, the Mayor shall examine such supporting information and documents, and being satisfied that 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 be exhibited in a prominent place in each taxicab at all times.
(Ord. 6-7-54. Passed 6-7-54.)