(A) The permittee shall notify the Building Inspector in writing of the sale, assignment, transfer, conveyance, or exchange of any well within 30 days after such sale, assignment, transfer, conveyance, or exchange, and the new owner thereof shall succeed to all the rights and obligations of permittee under the permit applicable to such well, upon the filing by the new owner of a faithful performance bond as provided in § 120.018 to cover its future operation and maintenance of such well.
(B) The notice shall contain the following:
(1) The name and address of the person to whom such well is sold, assigned, transferred, conveyed, or exchanged;
(2) The name and location of the well;
(3) The date of sale, assignment, transfer, conveyance, or exchange;
(4) The date when possession was relinquished by the former permittee.
('81 Code, § 5.40.100) Penalty, see Ch. 13