§ 45-6. Bond or cash deposit.

Before the issuance of a permit, the applicant and the owner of record of the premises shall execute and file with the Town Clerk a bond approved by the Town Attorney of the Town of North Hempstead in the amount of five thousand dollars ($5,000.) per acre proposed to be mined with a surety company licensed to do business in the State of New York and conditioned upon the faithful performance of the conditions contained in this ordinance, the observance of all other municipal ordinances, and to indemnify the Town of North Hempstead for any damage to town property. In the event of a default, such bond shall be forfeited to the Town of North Hempstead. In lieu of such a bond, a cash deposit or deposit of negotiable securities may be made with the Comptroller of the town.