A deposit in accordance with the schedule of meter sizes and amounts set forth in the annual fee resolution adopted by the corporate authorities shall be made with each such application, this sum to be retained by the village to ensure the payment of all bills. When service to the applicant is discontinued permanently, this deposit, less any amount still due to the village for services relating to the use of municipal water supply, shall be refunded without interest. Provided that where the applicant for water service is the owner of the premises to be served, no such deposit shall be required. (Ord. 0-12-36, 10-1-2012)