Upon receipt of the approval of the Planning Commission, and upon the furnishing of a performance bond by the applicant in the sum of twenty-five thousand dollars ($25,000), the Building Inspector shall issue the permit applied for. The bond shall be in a form and with a surety approved by the Mayor and shall be conditioned upon the faithful compliance with all provisions of State law and ordinances of the City relating to the drilling and operation of a well for oil or gas; upon restoration by the permit holder and his or her assigns of all streets, sidewalks and other public places affected by such drilling and operation to their former condition prior to such drilling and operation; upon the permit holder's removal of all litter, machinery, derricks, buildings, oil, water or other substances used in or caused by such drilling and operation; and upon the permit holder's holding the City free and harmless from any and all liability arising from the drilling and operation of such well.
(Ord. 221-65. Passed 6-9-65.)