§ 50.004 DEPOSIT.

   (A)   (1)   Every applicant for service shall make a cash deposit with the town in the amount set forth in § 50.005 below.

      (2)   The purpose of this deposit is to provide security for the payment of all charges by the customer.

      (3)   The town retains the right to require the customer to increase the deposit a maximum of twice the amount of the highest monthly bill theretofore rendered at the service location.

   (B)   Initial deposits shall be made with the service applications. Additional deposits, if required pursuant to division (A) above, shall be made within 30 days after receipt by the customer of a written request for the same.

   (C)   A separate deposit shall be paid on each installed water meter.

   (D)   No interest shall be paid on the deposit.

   (E)   Upon termination of service, the deposit shall either be applied to any outstanding bill or refunded to the customer, as provided in §§ 50.035 and 50.036.

(1981 Code, § 14-7)