No permit for the drilling of any such well shall be issued until the applicant shall have file with the City Clerk good and sufficient bond in the amount of $5,000 issued by a bonding or an indemnity company authorized to do business in this state, payable to the People of the State of Illinois, for the use of any person interested and conditioned that the applicant or his or hits assigns will comply with all of the terms and conditions of this chapter in the drilling of a well as herein provided and that all drilling sites will be leveled and restored to their former condition and that all litter, machinery, derricks, buildings and other structures and equipment will be cleared and removed from the premises as soon as the same are no longer needed in connection with the drilling of the well or the production of oil or gas therefrom.
(Ord. 363, passed 6-21-65)