No permit shall be granted for the construction of any vault until the owner of the
land abutting on the sidewalk under which such vault is to be constructed has, by
means of a writing in the nature of a covenant running with such land and intended
to bind all future owners thereof, duly executed and admitted to record, stipulated
and agreed that the rights and privileges conferred by such permit shall be at all
times subject to all and singular the terms, conditions and restrictions imposed by
this article.
(Ord. No. 268, § 12; Code 1961, § 36-71)