1210                      LAWS OF MARYLAND.                   [CH. 485

dure or legal redress prescribed, by this sub-title or otherwise,
be deemed guilty of a misdemeanor and, upon conviction, be
subject to a fine of not less than five dollars ($5) nor more
than fifty dollars ($50) for the first offense, and a fine of not
less than ten dollars ($10), nor more than one hundred dol-
lars ($100), for each additional or subsequent offense. No
permit shall be assigned or transferred until the Commis-
sion, upon written application setting forth the purpose
terms and conditions of such assignment or transfer, shall, after
investigation, approve the same. The Commission may amend,
or, for sufficient cause shown, suspend or revoke any such per-
mit. Each permit shall be evidence of authority to operate
only the particular taxicab therein designated, and shall con-
tinue in force and effect, unless suspended or revoked, for the
calendar year for which it is issued. Upon application, at the
termination of each calendar year, the Commission may renew
any permit, or issue a new permit for the ensuing year.

361B. The owner of every taxicab for which a permit is
required under the provisions of this sub-title, shall, before
operating or continuing to operate the same on public streets
or highways in this State, either (1) take out a liability insur-
ance policy, or policies, in some responsible insurance company
authorized to transact business in this State, insuring such
owner against liability for personal injury or injuries, to a
passenger or passengers in such taxicab, or to a member or
members of the general public, resulting from an accident or
accidents, casualty or casualties, in which such taxicab may
become involved, through the recklessness or negligence of its
owner or operator as well as against any damage to property,
resulting from such an accident or accidents, casualty or
casualties; said policy or policies to be in such reasonable form
or forms as to amount or amounts of insurance, and other re-
spects, as may be approved by the Commission; or (2) enter
into, and deposit with the Commission, a bond or bonds, with
some responsible casualty or surety company or companies,
authorized to do business in this State, as surety or sureties,
undertaking to indemnify any such passenger or passengers,
member or members of the general public, against any such
personal injury or injuries, or damage to property; said bond
or bonds, to be made out to the State of Maryland, as obligee.
for the use or benefit of any and all such passengers or mem-
bers of the general public, and to be in such reasonable form
or forms, as to amount or amounts of indemnity, and other