[Ord. of 12-3-1945, § 1]
It shall be unlawful for any person to operate within the City
a taxicab or motor vehicle for the transportation of persons for hire
without first procuring from the City Clerk a license therefor.
[Ord. of 12-3-1945, § 2]
The applicant for a license to operate a taxicab or motor vehicle
for hire shall file with the City Clerk an insurance policy issued
by an insurance company authorized to do business in the State, which
insurance policy shall bind the obligors thereunder to make compensation
for injuries to persons and loss or damage to property resulting from
the negligent operation of such taxicab or motor vehicle, to the minimum
extent provided by State law. No license required by this Article
shall be issued unless such policy of insurance is first filed in
the office of the City Clerk.