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<br />Seotion 6. In case there should be filed with the O~.t1 <br />Secretary and pending at the same time applioations for permit.! <br />to drill on aar single drilling blook within the limits of the <br />Cl ty made by more than one applioant, th.at application shall bf9 <br />granted, if otherwise suffioient, whioh shall be made by the <br />person holding the greater a rea of ground w1 thin the drilling <br />blook by ownership in fee or by lease or other contract authori.i,g <br /> <br />- ...~/,.' <br /> <br />. <br /> <br />above provided. the obligation shall then be upon the permittee, <br />hie heir., suocessors and aS8igns, to make 8$ttlement with IUch <br />owner on the terms provided in Option 2 above, providing for the p <br />ment of a one-eight (l/S) royalt,. Jf the owner of a lot or lotEl, <br />block or blocks, tract or tracts shall exercise Option 1 above mld <br />treat his interest as a working interest, as therein1l'OTided, ,thct <br />permi tt.. sball be enti tlea to reimburse himself for suoh owner',! <br />proportio nate part of the oosts out of such owner' 8 proportionat.e <br />part of the oil. ga8 and casinghead gas or the value thereof be- <br />fore making deliveries of products or settlement for the Talue <br />thereof. It option 1 il exercised by the owner of any lot or lots <br />block or blooks, traot or tracts, BUch. owner shall. within the I~ <br />time provided for notice of hie eleotion above set forth, file <br />with the City Clerk a bond or other obligation executed by such owrer <br />as prinoipal and by an authori~ed mrety oorapar.t1' as surety. in lIlhi h <br />suoh pr1noipal and surety agree, bind and obligate themselves t(~ <br />pay to the permittee, bis heirs, eucoe~sor8and8S8ignS currentl~r .~ctl <br />month that pzoport1on of the aotual and necessary oosts and ex- <br />penses involved in the drilling, completion and operation of su.~h <br />well that the number of .quare feet embraoed within the lot or <br />lots. blook or blooks, traot or tracts of suoh owner bears to the <br />total aomber of square feet in such drilling blook, s uoh. bond to <br />be approved by the KaJar and held by the Oity Olerk for the benef.i <br />of the benefioiaries therein. Permits shall be issued in all euo <br />oases upon the oondition that the permittee, his heirs, sucoessor <br />and SBsigns ahall make settl Em'Jlt in accordance with the provieiiods <br />hereof. <br /> <br /> <br />-- <br /> <br />'. -'- ........ <br /> <br />e <br /> <br />-1- <br /> <br />,e ) <br /> <br />e <br /> <br />e <br />