§ 21-19. Release from bond.

(a)

The city attorney is hereby authorized upon request of the surety to release the surety on the bond required herein from future liability on such bond upon the conditions hereinafter provided and as further limited by subsection (b) hereof:

(1)

If the permit has terminated and become inoperative as herein provided.

(2)

If the permittee has filed with the city attorney notice of his intention to surrender his permit and abandon the premises covered thereby.

(3)

After receipt of written notice from the surety advising of cancellation no sooner than thirty (30) days after being mailed or delivered to the city.

(b)

Such release of future liability shall in no manner impair any liability which may have accrued prior to the release of future liability herein authorized. Such release shall not be issued until the permittee shall have first complied with all requirements of this chapter relating to the abandoning and plugging of a well. The bond shall be retained by the city in its custody and will not be returned to the surety.

(Ord. No. 716, § 1(Exh. "A"), 2-12-96)