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(1) No company license may be issued until the holder has <br /> paid an annual license fee of twenty fire one hundred <br /> dollars ($25 . 86) 100 . 00- for the right to engage in the <br /> taxicab business and fifty dollars ($50 . 00) each year for <br /> each vehicle taxicab operated under the company license. <br /> The license fees shall be in addition to any other license <br /> fees or charges established by this section or any other <br /> statute or ordinance. <br /> (2) The license fees for companies and vth±c±es taxicabs as <br /> provided for in this subsection, shall not apply to persons <br /> having a valid <br /> license as of the effective date of this ordinance <br /> until the time the license for such companies and <br /> taxicabs is to be renewed in the year following the adoption <br /> of this ordinance. <br /> (kk) Same-Transferability. No <br /> and necess±ty or compnn-,�- license issued pursuant to this section <br /> may be sold, assigned, mortgaged or otherwise transferred. <br /> (11) Same Suspension or revocation; notice: <br /> (1) A company license issued under the provisions of this <br /> section may be revoked or suspended by the Controller <br /> pursuant to the provisions of section 4-16, if the holder <br /> thereof has : <br /> a. Violated any of the provisions of this section, <br /> b. Discontinued operation for more than ten (10) <br /> days . <br /> C. Violated this Code or any ordinance of the City or <br /> the laws of the United States or the State of Indiana, <br /> the violation of which reflects unfavorably on the <br /> fitness of the holder to offer public transportation. <br /> (2) Prior to suspension or revocation, the holder shall be <br /> given notice of the proposed action to be taken and shall <br /> have an opportunity to be heard, pursuant to section 4-16. <br /> 29 <br />