The business license commission at any time, either on its own motion or upon the
application of any licensee, may cause an investigation to be made and hold a public
hearing and after such hearing may modify the rates, operating area, number of taxicabs,
or any other specification or condition of any taxicab operator's license. Notice
of such hearing shall be given to all licensees whose licenses specify a definite
area of operation, any part of which is in the area for which application has been
made, and to any other person whom the commission designates to be given such notice.
