(1) It shall not be lawful to use as a street service vehicle in a taximeter area any mechanically propelled vehicle which is not a licensed small public service vehicle or which is not fitted in the prescribed manner with a taximeter complying with this Part of this Act and in good order, repair, and condition.
(2) Whenever a mechanically propelled vehicle is used as a street service vehicle in contravention of this section the owner of such vehicle and also the driver of such vehicle shall each be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding ten pounds.
(3) Nothing in this section shall operate to render it unlawful to use for the carriage of passengers for reward in a taximeter area a licensed small public service vehicle which is not fitted with a taximeter where the contract for such carriage of such passengers was not made in a taximeter area.