The service deposit required for electrical service shall be promptly paid upon demand by all customers of the electrical system. From the said deposit shall be deducted all delinquent electrical charges. The service deposit shall be collected by the Utilities Superintendent and immediately turned over to the Municipal Treasurer who shall keep the said fees in a trust fund for the customers of the electrical system. Said Fund shall be put out at interest separate and apart from other funds. Interest arising therefrom shall be expended solely for the repair of equipment and property of the municipal electrical system.
(2005 Code, § 3-910)