Whenever any premises abutting on any such vault, room or structure for which a permit has been issued is conveyed or whenever the interest or lease or right of occupancy of the person holding the permit is transferred or conveyed, the grantee or transferee must make application for a transfer of the permit to him or it, and must furnish a bond as is required in Section 12.20.030. A fee of two dollars shall be required for such transfer, and upon the payment of the fee and the full compliance with the contents hereof a new permit shall be issued.
(Prior code § 18.604).