No person, firm, partnership or corporation shall open or dig a trench in any public road, street or highway of this borough without having first done each of the following:
A.
Made a written application therefor to the Borough of Woodstown, in the County of Salem, on forms to be provided by it and supplied a map or sketch of the project.
B.
Paid the proper fee to said borough for such opening or trench in the amount specified by § 78-18.
C.
Given the borough a cash or surety company bond, in the amount specified, to guarantee that the opening or trench made by the permittee will be properly closed. Upon completion of the work in a satisfactory manner, the performance bond or cash will be released in return for a maintenance bond or cash to guarantee that the road, street or highway over the opening or trench will remain in good condition for at least one year after the closing by the permittee. The minimum amount of each maintenance bond shall be 25% of the amount of the performance bond but shall not be less than $25. A utility company may, in lieu of giving a separate performance bond and a separate maintenance bond on each project, keep in continuing effect and posted with the Borough Clerk a combination performance and maintenance bond for $10,000 by the permittee and a surety company licensed to do business in New Jersey, which bond shall guarantee both performance and maintenance by the utility company in regard to street openings as required by this chapter and shall be approved as to form by the Borough Solicitor.
D.
Received from the borough a written permit for the specific opening or trench.