The Mayor shall investigate and hold a hearing as to each application for a license for a taxicab. If the Mayor finds from such investigation and hearing that the public convenience and necessity justify the operation of the vehicle for which a license is desired, and approves the proposed schedule of fares, he or she shall forthwith notify the applicant of his or her finding. Within 60 days thereafter the applicant shall furnish the Mayor with any additional information required, and if the Mayor then finds that such vehicle is a safe and fit conveyance and that it complies with all the requirements of these Codified Ordinances, he or she shall notify the Clerk of Council, who shall issue a license to the applicant upon payment of the proper license fee and the furnishing of the bond or insurance required. If the applicant does not comply with the requirements of this section within 60 days, the affirmative finding of the Mayor shall be null and void.
If the Mayor finds from such investigation and hearing that the public convenience and necessity do not justify the operation of the vehicle for which a license is desired, he or she shall forthwith notify the applicant of his or her finding.
No license to operate any public vehicle shall be issued or renewed by the Mayor and no person shall operate any public vehicle, or permit the same to be operated, unless and until the applicant deposits with the Village a policy or policies of liability insurance issued by a responsible insurance company, approved as to sufficiency by the Mayor and as to form by the Law Director, providing indemnity for or protection to the insured against loss in the amounts provided for in § 868.05 and agreeing to pay, within the limits of the amounts fixed in § 868.05 to any judgment creditor who has filed his or her suit or filed notice of a claim for such loss with the Mayor during the license year in which the injury occurred or six months thereafter, any final judgment rendered against the insured by reason of the liability of the insured to pay damages to others for bodily injuries, including death at any time resulting therefrom, and for damages to or destruction of property sustained during the terms of such policy by any person other than the insured and employees of the insured, and resulting from negligent operation, maintenance or use of such licensed public vehicle.
The policy of insurance aforesaid and the bond given in lieu thereof, as hereinafter referred to, shall provide that in case the vehicle is operated, maintained or used with the consent or acquiescence of the owner, by one other than the owner, his or her agent or employee, and an injury results to person or property as indicated above, due to the negligent operation, maintenance or use of such vehicle, that the insurer or the obligors in the bond, as the case may be, shall pay to any judgment creditor of such person so maintaining, using or operating such vehicle, any final judgment rendered against such person so maintaining, using or operating such vehicle, provided that such judgment creditor has filed his or her suit or filed notice of claim for such loss in all respects as is provided for the judgment creditor of the insured in the foregoing paragraph.
The policy or policies of insurance and the bond or bonds hereinbefore required shall be valid and effective for the same period for which the license is issued.
(Ord. 3-1965, passed 3-23-1965)