O-1947-348 - Laserfiche WebLink

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anii conditions of. such bond, then the sum of sa.me sha~l be auto... matically reduced to Five Thousand Dollars ($0,000.00). The clt:'lSr bond above provided for shall run to the City of La ~orte, Te,,:as, for the benefit of all persons" firms or corporations owning lots, blocks or tracts of land in said drill ing block who have no~ elXG= cuted at the time of the filling of such bond or who shall not. exe cute during the term of said bond and prior to the accrual of l~a- bL.ity thereunder leases" drilling contract, rralver or other f'ol'l{d of con tract under VJhich the applicant or his f...ssigns is or are. .t.. and other public placed of the City which may be disturbed in the operations to their former condition will clear the block and lots of all litter, machinery, derricks and buildings erected or uflEld in the drilling or operation of said well whenever the well shall be abandoned or the operation thereof discont lnued; an& that 1ihe applicant or his assigns will pay any and all damages recover~lble at law against him or them suffered by any pepson or corporatton as to property in the City from fire or from oil" gas or wateII ca.used by or originating .from the operations connected T:-.Ii th stlch well. Such bond shall be in the sum of Twenty-five Thousand I~l- la:rs ($25,000.00); provided" however, that if within thirty (ZiO) days after the drilling and completion of said well no claims have been presented against the applicant or his assigns under the term . . '-....:.:... / a well; that the appl icant w Ul restore the sijreest and s ide1.7Ellks the permit be granted and if drilling operations be commenced ther~- under" the applicant and his assigns will comply ~ith the ternls and conditions of this Ordinance in the drilling and operation of .. ,. "'"----' e all persons, firms and corporations concerned, conditioned thut if showing the designation of the lots, blocks o.~ tracts owned 0]:' contr::>lled by the applicant and showing the e:ract location of the proposed well which location shall be as nearly as practicablc! in the center of the drilling block. The application shall also bg acco~panied by two (2) duly executed bonds, each given by the ap- plicant as principal and a surety company aut:~lorized to do bu~~i- ness 1n the State of Texasas surety. One of ;hese bonds shall run to the City of La Porte, Texa.s" for the benefit of the City a.nd -5- ...J _./ . .