(A)   Whenever any premises abutting on any such vault, space, room or structure for which a permit has been issued shall be conveyed, or whenever the interest or lease or right of occupancy of the person holding the permit shall be transferred or 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 § 98.087.
   (B)   A fee as set out in the fee schedule 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, § 37-70)