Any taxicab driver who desires to continue driving any taxicab after the expiration of the period for which he is licensed, shall between December 1 and December 31, apply for a renewal of the taxicab driver's license to the Police Chief as required for the issuance of new licenses and a renewal license shall be issued in the same manner as prescribed for new licenses, upon the same terms and conditions and under the same regulations.
('71 Code, § 743.14)