721.02 PERMIT; FEE AND BOND.
   (a)    Any person, firm, association or corporation desiring to drill a well for oil and/or gas within the corporate limits of the Municipality shall make application for a permit to the Fiscal Officer.
   (b)    A fee of five thousand dollars ($5,000) shall be paid to the Municipality at the time such application is filed. This fee shall be for the purpose of defraying the expenses of administration and enforcement of regulatory ordinances concerning drilling oil and/or gas wells within the corporate limits of the Municipality and to defray the expenses of inspections of oil and/or gas well sites prior to and during drilling and at the time such wells are pulled and plugged.
   (c)    Any person, firm, association or corporation at the time of application shall also file with the Fiscal Officer a surety bond with liability on the bond conditioned upon compliance with this chapter until time of completion of drilling, plugging or abandonment of such well or wells. The bond shall be in the amount of two thousand dollars ($2,000) for one well or in lieu of a bond for each well, a blanket bond for all wells in the amount of five thousand dollars ($5,000).
(Ord. 586. Passed 4-6-64.)