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No permit shall be granted to any owner if the common council of the city finds that such owner is not capable of conducting the transportation service contemplated and in compliance with the pr visions of this chapter, or who has been an habitual or intentional law violator. No person whose application for permit has been denied shall be eligible to renew the application for a period of six months, or to operate or participate directly or indirectly in the proposed operation for a period of six months from the date of application. The granting or refusal of licenses pursuant to this chapter shall be done by the common council of the city, acting by resolution. No license shall be issued by the council unless the council shall first have ascertained:

A. That the applicant is financially responsible and adequately equipped to perform the service proposed.

B. That the equipment listed is safe for operation.

C. That the operation proposed is not contrary to the public interest.

D. That the service proposed will not be attended with substantial damage to the streets or danger to other users thereof or to the public.

E. That the granting of such license will not result in the impairment of the maintenance of adequate mass transportation within the limits of the city. (Ord. 2179 §5 (part), 1946).