If an owner sells or transfers title to a taxicab for which a certificate of operation has been issued, or in the event a taxicab for which a certificate has been issued has been destroyed, the owner is entitled, as a matter of right, upon written application to the chief of police, made within fifteen days after such sale, transfer or destruction, to have a new certificate issued, providing the taxi meets those applicable requirements of Section 5.40.110 but for no greater number than sold, transferred or destroyed; provided that such owner has complied with all the provisions of this chapter. (Ord. 512 § 9, 1994: prior code § 10-70)