Ownership
These taxis are required to be replaced every eight years, or they may choose to have their licence acquired by Yellow-Top Cab and become a hirer of the taxi company. These taxis are expected to eventually cease to exist, however, as all new taxi drivers are required to hire their taxis from any of the Taxi Operator License holders.
When taxi drivers reach the age of 73, they are required to surrender their license. If they die before reaching 73, STTA (see below) will then sell the license to another driver, who may continue to drive until he/she turns 73.
Read more about this topic: Yellow-Top Taxis
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)