Title 5 - Business Licenses and Regulations

5.51 Oil & Gas

5.51.130 Transference.

Any permit may be transferred except when the transference is the result of the death of the permittee or when the transference is the result of a judgment rendered by a court of competent jurisdiction, subject to the following conditions:

  1. A.
    Written notice shall be required at least 10 days prior to such transfer;
  2. B.
    The transferee shall post the required cash or bonds and provide satisfactory evidence of insurance in conformance with this chapter, prior to such transference and such cash or bonds and insurance shall become effective before or at the time of transferences; and
  3. C.
    The transferee shall submit new assurances in conformance with this chapter.

(History: Ord. OG-1165 §13, 82)

Effective on: 1/1/1901