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whether or not the safe use of the streets by vehicles and pedestrians will be preserved <br /> and such other relevant facts as he shall deem requisite or advisable. <br /> 7. COUNCIL REVIEW. The Council shall consider said report and may make <br /> such additional investigation as it deems advisable and shall determine whether or not the <br /> public convenience and necessity requires the proposed taxicab service and whether or <br /> not such license shall be granted and shall cause the applicant to be notified accordingly. <br /> 8. INSURANCE. Each operator must carry public liability insurance on each <br /> licensed taxicab in the amount of Fifty Thousand Dollars ($50,000.00) minimum for each <br /> person, and One Hundred Thousand Dollars ($100,000.00) minimum for each accident <br /> for death or personal injury, and property damage in the amount of Ten Thousand Dollars <br /> ($10,000.00) for each accident. Such insurance must be kept in force at all times and if <br /> any such insurance expires, such operator must at once cease operation of any taxicabs on <br /> the streets of the City. Certificates of all insurance must be kept on file in the Financial <br /> Management Department at all times. Such insurance company must be one licensed to ', <br /> do business in the State of Illinois. <br /> 9. ISSUANCE OF LICENSE. The Financial Management Department shall <br /> issue all licenses hereunder only (a) upon favorable action by the Council, and; (b) upon <br /> evidence that applicant has filed his certificates of insurance with a showing that all <br /> required insurance policies are in force and effect, and; (c) upon certificate or report by <br /> an ASE certified mechanic that each vehicle to be used complies with requirements <br /> hereinafter set out, (d) upon payment of the fees required, and (e) certificate from a State <br /> of Illinois official testing station . <br />