(A) For the purposes of this subchapter, the term TAXICAB means any vehicle carrying passengers for hire.
(B) No person, firm, or corporation within the town shall engage in intra-city business without first having obtained from the Town Clerk/Treasurer a license therefor, and without having complied with all other provisions of this section and the provisions of 47 O.S.
(C) For the purpose of regulating the taxi business within the town, there shall be assessed a license fee against each person, firm, or corporation engaged in the business of carrying passengers for hire, in the sum of $25 per year for each motor vehicle operated by said person, firm, or corporation; said fee shall be payable in advance for each year of operation, or fractional part thereof.
(D) Any person, firm, or corporation engaged in the taxi business within the town is required to insure each motor vehicle engaged in said business, up to $25,000 for injury to or death of one person, up to $50,000 for injury to or death of more than one person, and up to $25,000 for property damages, with an insurance company licensed to do business in the state. A copy of such policy on each motor vehicle engaged in such business must be filed with the Town Clerk/Treasurer at the time of payment of said license fee.
(Prior Code, Ch. 19, Art. 2, § 11) Penalty, see § 113.99