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(7) The name, usual trade description, seating capacity, equipment, motor number, state license number, rated horsepower and factory number of each motor vehicle to be operated or controlled by applicant, and the year in which each automobile was manufactured. (8) The location of any stand at which the taxicabs will remain when not in actual service. (9) The name and address of the person who will be in active charge and control of the taxicab business. (10) The proposed fares. (11) The color scheme or insignia to be used to designate the vehicles of the applicant. (Code 1970, § 27-3) Sec. 90.163. Fees. No certificate required under this division shall be issued or continued in operation unless the holder thereof has paid an annual license fee established by the city council and a fee each year for each vehicle operated under a certificate of public convenience and necessity. The fees shall be paid to the city to compensate the city for its superintendence of the taxicab business operated under this article and for the use of the city streets, alleys and public ways. (Code 1970, § 27-7) Sec. 90.164. Public hearing. (a) Upon the filing of an application for a certificate under this division, a time and place shall be set for a public hearing thereon. Notice of the hearing shall be given to the applicant and to all persons to whom certificates of public convenience and necessity have been previously issued. Due notice shall also be given to the general public by publication of the notice, at least ten days prior to the date set for the hearing, in a newspaper of general circulation in the city. (b) Any interested person may file with the city council a statement in support of or opposition to the issuance of a certificate. (Code 1970, § 27-4) Sec. 90.165. Issuance. If the city council, after the public hearing required by section 90.164, finds that further taxicab service in the city is required by the public convenience and necessity and that the applicant is fit, willing and able to provide the public transportation and to conform to this article, the city council shall issue a certificate stating the name and address of the applicant, the number of vehicles authorized under the certificate and the date of issuance; otherwise the application shall be denied. (Code 1970, § 27-5) Sec. 90.166. Insurance required. Each holder of a certificate of convenience and necessity for the operation of a taxicab business shall at all times during the term of the certificate maintain a policy of liability insurance issued by an insurance company authorized to do business in the state on each and every motor vehicle operated under the terms of the certificate in the amount of $100,000.00 for bodily injury to any one person; in the amount of $300,000.00 for injuries to more than one person which are sustained in the same accident; and $100,000.00 for property damage