No person, firm or corporation acting in the capacity of an escrow agent in any real estate transaction involving the sale of any premises situated in the metropolitan area as defined in Section 535.01 (a) which is supplied with City water shall disburse any funds unless the provisions of Section 535.41 have been met.
(Ord. No. 963-72. Passed 9-18-72, eff. 9-20-72)