As used in this article, the following terms shall have the meanings indicated:
Includes any automobile or motorcar, commonly called "taxi," "autocab," "omnibus" or by whatever name or designation it may now or hereafter be known or designated, engaging in the business of carrying passengers for hire, which is held out, announced or advertised to operate or run or which is operated or run over any of the streets of the City, and particularly accepts and discharges such persons as may offer themselves for transportation from points or places within the City upon the terms, provisions or conditions prescribed in this chapter, or which is hired by charter or for a particular contract or by the day or hour or other fixed period to transport passengers to a specified place or places or which charges a fare or price agreed upon, in advance, between the operator and the passenger. Nothing contained in this section shall be construed to include any motor vehicle, by whatever name or designation, used and employed solely in transporting school children or teachers or autobuses which are subject to the jurisdiction of the New Jersey State Public Utility Commissioners of the Interstate Commerce Commission.