It shall be unlawful for any person to conduct a taxicab business within the city unless a written franchise therefor shall have first been obtained from the city council. Such franchise shall be in the form of an annual taxicab permit authorizing the operation of a stated number of taxicabs and incorporating the provisions of this article and article XI of the city charter.
(1999 Code, sec. 4.501)
Every person who is required to have a franchise to conduct a taxicab business shall file with the city secretary a written application signed by such applicant and stating the following:
(1) 
The name and place of residence, sex, age, customary calling or occupation of the applicant and the character and value of his assets, and what portion, if any, of such assets are exempt from forced sale, the liabilities of such applicant, and how, if at all, such liabilities are secured, and whether any other person owns any title or interest in the taxicab business for which such franchise is required.
(2) 
The name, usual trade description, equipment, rated horsepower, and factory number of each taxicab and, as nearly as practicable, the year in which it was manufactured or first used.
(3) 
The stand or stands at which the taxicab will remain while not in actual service.
(4) 
The kind of written assurance which the applicant desires to furnish the city.
(5) 
The rated seating capacity of each taxicab to be operated.
(6) 
If the applicant is a corporation, the name and place of residence of the officers of such corporation, the amount of its capital stock and the amounts thereof fully paid up, the character and value of its assets, its liabilities, and the security thereof, and such corporation shall file with its application a duly certified copy of its charter and bylaws.
(1999 Code, sec. 4.502)
It shall be the duty of the city secretary, when an application for a franchise is filed under the provisions of this article, at the next regular meeting of the city council following the filing of such application, to call the attention of the council thereto. Upon consideration of such application, the city council may grant or refuse such franchise as in their discretion may seem to the best interest of the citizenship of the city and the public in general.
(1999 Code, sec. 4.503)
Before any franchise shall be issued under the provisions of this article, the city council shall first determine that the public convenience and necessity requires the existence of such taxicab business within the city.
(1999 Code, sec. 4.504)
Every franchise issued under the provisions of this article shall be valid until the same has been voluntarily surrendered by the holder thereof or has been revoked by the city council, unless a specific term is assigned thereto by the city council, but in no event more than five (5) years. Such franchise shall be nonexclusive.
(1999 Code, sec. 4.505)
Each franchise issued under the provisions of this article shall be nonassignable. If the holder is a corporation, no more than ten (10) percent of the capital stock may be transferred without prior approval of the city council. Any transferees must meet the same requirements of an applicant.
(1999 Code, sec. 4.506)
(a) 
The city council shall have the right to revoke or suspend any permit or permits authorized to a franchisee issued under the provisions of this article for misrepresentation of facts given in the application for or violation of any applicable section of this code, ordinances of the city or state laws.
(b) 
The city council shall, after fifteen (15) days’ notice to the permittee and the taxicab driver of the grounds of such violation, conduct a hearing to hear evidence with reference to such violation. For any violation of this article for which specific provisions are not prescribed for suspension or revocation, the city council may suspend the permit or permits of the permittee for a period of time not to exceed fifteen (15) days, or revoke the right of a taxicab driver to operate within the city or take any other action authorized by this article or the city charter.
(1999 Code, sec. 4.507)
In lieu of the insurance requirements provided for herein, the franchisee may file with the city a certificate of self-insurance issued by the state department of public safety in accordance with the provisions of the Texas Motor Vehicle Safety Responsibility Act, which shall apply to all taxicabs and all drivers operating in the city.
(1999 Code, sec. 4.508)
If self-insurance certificates are not provided, the maximum amount of insurance required by this article shall be:
(1) 
For the injury or death of any one (1) person in any one (1) accident, $20,000.00.00;
(2) 
For total liability in any one (1) accident or personal injuries or death, $40,000.00.00;
(3) 
For injury or destruction of property in any one (1) accident, $15,000.00; or
(4) 
The maximum amount of liability insurance required by the state, but never less than the amounts set out in subsection (1), (2) or (3) above.
(1999 Code, sec. 4.509)