§ 31.043 DEEMED CONTRACT.
   The banks and collection agents designated in §§ 31.041 and 31.042, respectively, shall receive the payment of taxes and water bills respectively for the city, as set forth in §§ 31.041 through 31.044, and shall comply with the terms thereof, as though a formal contract had been entered into between the banks and the city.
(‘83 Code, § 31.48)