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Ordinance No. 1584 <br />Page Six <br /> <br /> E. All the information contained in the verified application <br /> for a certificate, and the report and findings of the <br /> Police Chief; <br /> <br /> F. Engineering factors related to the proposed location of <br /> a Closed Stand for the applicant's exclusive use; and <br /> <br /> G. All other such information or material that the City <br /> Council deems pertinent to the issuance of a Certificate. <br /> <br /> 6.40.070 Indemnity Bond or Liability Insurance Required. <br /> After the City Council has authorized the issuance of a <br /> Certificate, but before the Police Chief issues the <br /> Certificate, there shall be in full force and in effect <br /> insurance for each Taxicab in the amount of at least two <br /> hundred fifty thousand dollars for bodily injury to any one <br /> person; in the amount of at least one million dollars for <br /> injuries to more than one person which were sustained in the <br /> same accident; and one hundred thousand dollars for property <br /> damage resulting from any one accident. Said insurance shall <br /> benefit any person who shall be injured or who shall sustain <br /> damage to property proximately caused by the negligence of a <br /> the Owner, the Owner's employees and agents, or a Driver. A <br /> certificate of insurance consistent with this section shall be <br /> filed with the City Clerk and shall be issued by an insurance <br /> company authorized to do business as stated in Section <br /> 6.40.020(L). <br /> <br /> 6.40.080 License Fees. <br /> <br /> After the City Council has authorized the issuance of a <br /> Certificate, but before the Police Chief issues the <br /> Certificate, the Owner shall pay the City's business license <br /> fee for the right to engage in the Taxicab business as set <br /> forth in Resolution 92-100, as said Resolution may be amended <br /> from time to time. <br /> <br /> 6.40.090 Certificate - Transfer. <br /> <br /> No Certificate may be sold, assigned, mortgaged or otherwise <br /> transferred without the consent of the City Council. <br /> <br /> 6.40.100 Certificate - Duration. <br /> <br /> Every Certificate issued under this chapter shall be issued <br /> for a period of five years subject to revocation in a manner <br /> prescribed in this chapter. <br /> <br /> <br />