Upon the issuance of a taxicab owner's license by the Township Committee, the Township Clerk shall issue a certificate of compliance in duplicate showing that the owner of the taxicab has complied with the terms and provisions of this Article
III and has been duly issued a taxicab owner's license. The certificate of compliance shall recite the name of the insurance company, the number and date of the expiration of the policy or bond, a description of the taxicab insured thereunder, and the vehicle registration number of the same. The duplicate certificate of compliance shall be filed with the New Jersey Motor Vehicle Commission before any such car is registered as a taxicab. The original certificate of compliance shall be posted in a conspicuous place within the taxicab.