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NATURAL RESOURCES § 102-159 4bolv the wells were first commenced. The permittee will indemnify and hold the city harmless from any and all liability growing out of or attributable to the granting of such permit,including the payment of any expenses incurred by the city for any legal action which may be filed by either party hereto by reason of seeking or recovery of damages to the city. If at any time,the city council shall deem any permittee's bond to be insufficient for any reason,it may require the permittee to make an additional cash bond.If after completion of a well,the permittee has complied with all of the provisions of this article, such as removing the derrick, clearing the premises,etc.,he may apply to the city council to have the cash bond reduced to a sum of not less than $1,000.00 for the remainder of the time the well produces without reworking, and be given a refund of the amount of reduction. During reworking operations, the amount of the bond shall be increased to the original amount. (2) In addition to the bond required in subsection (1) of this section, the permittee shall carry a policy of standard comprehensive public liability insurance,including contrac- tual liability covering bodily injuries and property damage, naming the permittee and the city, issued by an insurance company authorized to do business within the state, such policy in the aggregate shall provide for the following minimum coverages: a. Bodily injuries: $1,000,000.00, one person and $3,000,000.00, one accident; and b. Property damage: $1,000,000.00. (3) The permittee shall file with the city secretary certificates of such insurance coverage 46000, as stated in subsection(2)of this section,and shall obtain the written approval thereof by the city secretary,who shall act thereon within ten days from the date of such filing. Such insurance policy shall not be cancelled without written notice to the city secretary at least ten days prior to the effective date of such cancellation.If the insurance policy is cancelled, the permit granted shall terminate, and the permittee's rights to operate under the permit shall cease until the permittee files additional insurance as provided in this section. (Code 1970, § 16-14; Ord. No. 1659, § 1(16-8), 8-14-89) Sec. 102-159. Issuance or refusal. (a) The city council,within 30 days after the filing of the application for a permit to drill and operate a well,shall determine whether or not the application complies in all respects with the provisions of this article, and if it does, the city council shall then fix the amount of the principal of the bond and insurance provided for in section 102-158, and after such determi- nation shall issue a permit for the drilling and operation of the well applied for. Each permit issued under this article shall: (1) By reference have incorporated therein all the provisions of this article with the same force and effect as if this article were copied verbatim in the permit. (2) Specify the well location with particularity to lot number, block number and correct legal description. CD102:9