In addition to all other fees and charges provided in this chapter, and prior to the issuance of a permit for drilling as herein provided for, the applicant for such a permit shall enter into a binding contract, in writing, with the City, in and by which it is agreed that such applicant will deliver to the City, free of cost, in the pipeline to which such well may be connected, a one thirty-second share of such oil or gas as is produced by such well and shall pay to the City, in cash, monthly, such one thirty-second share of such products so long as any gas or oil is so produced.
(Ord. 288. Passed 7-18-60.)