While the city's population has grown about 6 percent since 1937, no new medallions have been issued.

After some more paperwork, a worker came out to ratchet his new medallion onto the hood.

When the new medallions are made available to taxi fleet owners, they will be nontransferrable.

Moreover, 400 new medallions are to be sold over the next three years, adding to the 11,787 that have existed since 1937.

He fingered the new medallion they had given him.

He had a perfect body and he liked the way the new medallion lay against his chest.

The 400 new medallions could be formally approved next month.

"Where am I going to get $300,000 to buy 25 new medallions?"

An auction was held in 2006 where 308 new medallions were sold.

The city plans to hold two more sales over the next two years, selling a total of 400 new medallions.