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Any certificate issued under this chapter shall automatically expire and be deemed revoked and of no effect if the owner to whom it is issued:

A. Fails to have a permit issued to him to operate a bus or automobile for hire within sixty days from the date of issuance of such certificate; or

B. If, after commencing operations, he shall suspend operations or cease or engage in the business of selling transportation for hire within the city for a period of forty-five days.

(Ord. 2217 NCS §2 (part), 2005.)