Any person, firm, association or corporation desiring to drill a well for oil and/or gas within the corporate limits of the City shall make application for a permit to the Safety-Service Director. A fee of two thousand dollars ($2,000) shall be paid to the City at the time application is filed, 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 City, and to defray the expenses of inspections of oil and/or gas well sites prior to and during drilling and at the time the wells are pulled and plugged. The person, firm, association or corporation at time of application shall also file with the Safety-Service Director a surety bond with liability on the bond conditioned upon compliance with this chapter until the time of completion of drilling, plugging or abandonment of the 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).