Whenever any premises abutting on any such vault, room, space or structure for which a permit has been issued shall be conveyed, the grantee or transferee must make application for a transfer of the permit to him, her or it, and must furnish a bond as is required in § 152.33
. A fee of $2 shall be required for such transfer, and upon payment of the fee and the full compliance with the contents hereof a new permit shall be issued.
(Prior Code, § 4-1A-5)