§ 18-29. Bond as prerequisite.

Latest version.

A surety bond shall be filed with the city in the amount of twenty-five thousand dollars ($25,000.00) along with a permit application for an initial well applied for by an operator after publication of this chapter. If an operator has a twenty-five thousand dollar bond on file, additional bond is not needed for subsequent wells. This bond will be in effect as long as such operator operates wells inside the city. This bond shall be in favor of the city and all persons concerned, conditioned that the permittee will comply with the terms, conditions, and requirements of this chapter.

(Ord. No. 8204, § 6, 4-6-82)

                    
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