(A) Before commencing the drilling of an oil and gas well within the city, the person, firm, or corporation desiring to drill a well shall first obtain a permit from the city. The applicant shall, at the time of making application for the drilling permit, deposit with the City Clerk a fee of $200, payable to the city. If the city grants the application, the fee shall be retained by the city. If a license is not granted, the city shall retain the sum of $100 for administrative expenses and the balance of the fee shall be returned to the applicant.
(B) No permit or renewal permit shall be assigned or transferred to any other person, firm, or corporation unless a notice of transfer is filed with the city, giving the name of the assignee. A fee of $100 shall accompany the notice of transfer. No transfer shall be complete until all of the requirements of this section shall have been met.
(D) All persons, firms, or corporations having obtained a license for oil or gas wells within the city, which wells are producing oil or gas, shall pay an annual license renewal fee of $200 per each well which continues to produce oil or gas at any time during the calendar year. The fee shall be due and payable by December 31 of each year and shall be paid to the City Clerk.