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Section 15. Assignmg~nt or transferv-Approval required. No certificate may be assigned or transferred except upon approval of th Board Section 16. Substitution of vehicles, Transfer of liability Insurance. The person tS ~hom a certificate has been issued may, by appropriate end ~rse- merit thereon by the Examining Bureau, substitute another vehicle or vehicles for the vehicle or vehicles for which certificates were granted. In such instance, the liability insurance or bond shall also be transferred to such substitute vehicle ~ or vehicles. The same rule shall also apply in case o~ destruction of taxicabs or Ln case o5 their replacement. Section 17. Suspension or revocation. Certificates may be suspended or revoked by the Board, upon recommendat~ ~n of the Ex~mining Bureau, at any time in case: (~) The Board finds the owner's pas record to be unsatisfactory; (b) The owner fails to operate the taxicab or taxicabs in accordance wit~ the prc ~isions of these Regulations or any amendments hereto; (c) The owner shall cease to operate any taxicab for a period of thirty ~on- secuti~ days without obtained permission from the Examining Bureau for the cessation of suc~ operation; (d) The failure ~o operate a taxicab for which the owner holds a certificate as a taxi¢ ~b on call for eight hours out of any twenty-four hour day for at least f Zve days es ~h week; (e) And for any other reason hereafter designated by the Board. No certificate shall be revoked unless and until forty-eight hour's notice of hear ~ing shall have been given to the holder of such certificate and such heaming is duly hs ~ thereon. Section 18. Suspended or revoked certificates to be surrendered to the Examin~ ~g Bureau. A~y..ce~tificate which shall have been suspended or revoked by the Board ~hall im~edia~eIy surrendered to the Examining Bureau, together with the corresponding memorat - dura cer~ificate, and the operation of any taxicab or taxicabs covered by such ce ~ifica~ ~s shall c~ase. Division III - Specifications for Vehicles. Section19. Vehicles to be in good running condition - Four wheel brakes - Bump ~rs. No certificate shall be granted for any vehicle u~less said vehicle is i good running condition in all respects. Said vehicle must be equipped with front and rear bumpers and with standard four wheel brakes. Section 20. Separate color schemes for each company. Ail taxicab~ owners or companies shall adopt a separate color scheme fo~ paint- ing of '~heir cabs distinct from that of a~her cab owz~ers or companies. Ail taxi mbs of each ow mer or company shall be of the same color scheme. Section 21. Names and numbers to be painted on taxicabs. The name of the taxicab company, taxicab number, and telephone number of the company shall be painted on both sides and on the rear~ of each cab with letters and numbers at least four inches high on the sides and with at least a six inch cab ~mber on the :ear. The paint must be of per,~uent nature and the colors used for !ett ~ring numbers must be in sharp contrast, with the color of the surface paint to which :~t is applied so as to be visible at a reasonable distance, especially at hight time m~der street Lights. No lettering or numbers will be acceptable which have been paint,~d upon a sheet of metal or other material which in turn can be removed or detached so a~ to coz- ceal th, identity of_the cab company and the cab number. DSvigion IV Rules for Operation. Section 22. Registration and licenses required. registe No person shall operate a motor vehicle as a taxicab until such vehicle ms be~ ~d in accordance with all the requirements of this State and ~11 proper ~tcenses D~ve be ;n obtained therefor. Section 23. Operation ~nerally. , Every taxicab shall be operated in accordmace with the laws of the ~tat, of N~rth C ~rolina and in accordance with these Regulations with due regard for the ~afety, c~mfort and convenience of passengers and for the sale and careful treatment of ,he I general public. Section124. Cabs to be operated by owner or authorized agent. Cnntracts betwe~ owner INo taxicab shall be operated except by the owner thereof or by a duly au' horize~ agent aSd employee of the owner to whom such owner pays a fixed and definite wag, or a fixed c~mmission or percentage on the gross amount received from the operation o~ such taxicab~ or a combination waEe and commission. INo owner of any taxicab shall enter into any contract, agreement or unde~ sta~iiz~ with an ~ driver by the terms of which such driver pays to such owner a fixed or i etermi~ ~ ble sum per day for the use of such taxicab and is entitled to all, or a portion of ~he proc ~eds of oper ~tion over and above the fixed or determinable sum. Division V - Records and Report of Accidents. Section 25. Records to be kept with the Examining Bureau - Notice of Change. Every compa%y shall maintain on file with the Examining Bureau its name, busines address ~ all business telephone numbers listed in its name, and the names of all owners, the ~nm ,s of all drivers and their license numbers and addresses, and shall, wit]~in for~ eight h ,urs after any change in connection therewith report such change or chang, s to the Em~g Bureau. Section 26. Heport of accidents. Ail accidents from or in connection with the operation of taxicabs whichf esult in inji~ to any person or property shall be .reported to the Examining BureaumwiShin itwenty-~our hours from the time of the o£~Urrence on forms to be furnishedby thelExamin~ ~reau.