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Chapter 62. 1 <br /> change in the principal stockholders , owner or manager must <br /> be immediately co�unicated to the City Clerk, <br /> 5. Each operator must carry public liability insurance <br /> on each licensed Iivery vehic_le in the amount of Fifty <br /> Thousand Dollars ($50 ,000) minimum for each person, and One <br /> Hundred Thousand Doliars ($100 ,000) mini�um for each accident <br /> for death or personal injury, and property damage in the <br /> amount of Five Thousand Dollars ($5 , 000) for each accident. <br /> Such insurance must be kept in force at all ti�es and if any <br /> such insurance expires , such operator must at once cease <br /> operation of any livery vehicles on the streets of the City. <br /> Certificates of a11 insurance nust be kept on file in the <br /> office of the City Clerk at all times . Such insurance company <br /> must be one licensed to do business in the State of Illinois. <br /> 6 . A license for a livery vehicle may be transferred <br /> by the City P1a.nager from one such vehicle to another belonging <br /> to the same owner by naking application therefor upon forms <br /> tc be provided bv the City Clerk and payment of a transfer <br /> fee of Three Dollars ($3.00) . <br /> 7o No licenses issued hereunder may be renewed or trans- <br /> ferred except upon proof of compliance with the terms of this , <br /> Chapter for original. issuance of such licenseo '' <br /> 8 , No vehicle shall be licensed until it has been examined I, <br /> at an official testing station licensed by the State of Illinois �� <br /> and a certificate of safety issued thereon and said vehicle is <br />