Any municipal corporation may:
(A) Regulate the use of carts, drays, wagons, hackney coaches, omnibuses, automobiles, and carriages kept for hire or livery stable purposes;
(B) License and regulate the use of the streets by persons who use vehicles, or solicit or transact business thereon;
(C) Prevent and punish fast driving or riding of animals, or fast driving or propelling of vehicles through the public highways;
(D) Regulate the transportation of articles through such highways and prevent injury to such highways from overloaded vehicles;
(E) Regulate the speed of interurban, traction, and street railway cars within such municipal corporation.
Effective Date: 10-01-1953 .