The Director of Inspections shall issue a permit to drill a gas or oil well upon receipt of an application, duly approved by the Planning Commission, and upon the applicant's furnishing a surety bond in the sum of two hundred thousand dollars ($200,000) approved by the Mayor and conditioned upon the following:
(a) The faithful observance of all provisions of law relating to drilling a gas or oil well;
(b) Restoration of streets, sidewalks, utilities, public grounds and private grounds and all other places in the City which may be damaged, to their former condition;
(c) Clearing the area of all litter, machinery, derricks, buildings, oil or other substances accumulated in the drilling operation;
(d) Paying any and all damages for property damages or personal injuries arising out of the drilling operation; and
(e) Saving and holding the City free and harmless from any and all liability arising out of the granting of such permit and operation of the drilling thereunder.
(Ord. 1973-56. Passed 6-21-73.)