OLIVER, Justice.
For several years plaintiff had owned and operated all the taxicabs in Knoxville. They were five in number. The only taxicab ordinance then in effect was Number 290, which merely regulated fares. However, without any authorizing ordinance, the city had been granting licenses and collecting a license fee of $20 per year for each taxicab.
In November, 1950, plaintiff sold the taxicabs and business to Forrest Core and agreed not to reenter the...
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