§ 50.03  BILLING; PAYMENT.
   (A)   (1)   All bills rendered pursuant to this chapter shall be payable within 20 days after the date they are mailed.  If any charges for the collection and pick-up of garbage and refuse shall not be paid within 20 days after the bill is mailed out, a delinquent payment charge of 2% of the amount of the bill shall be added thereto and collected therewith for each month that the charge remains unpaid.  Payments when made shall be first applied to the most recent unpaid bill, then applied to the next most recent unpaid bill, and then continue to be applied in that order until the oldest unpaid bill is finally paid and paid last.
      (2)   When payment of any joint use commercial or business bill falls 120 days in arrears, the city may terminate immediately the garbage and refuse service to the commercial or business entity to whom the bill was issued and/or proceed against the owner(s) and/or occupant(s) in the same manner as if it was a residential dwelling unit.
   (B)   If any payments made by check for garbage and refuse collection fees and the like are returned by the financial institution upon which they are drawn, a $20 handling charge will be added to the account for the dwelling unit for which the payment was made and the owner or occupant and user shall be jointly and severally liable for payment of same.  In addition, no further payments by check will be accepted by the city from the maker of the returned check.
   (C)   All revenues collected from the garbage and refuse collection fee shall be placed in the General Corporate Fund of the city, except that one-third of the revenues upon deposit, up to but not exceeding $70,000, shall be immediately transferred from the General Corporate Fund to a newly created Depreciation Fund, separate and apart from all other funds of the city, as provided in ILCS Ch. 65, Act 5, § 11-19-4, to be used to provide equipment, supplies and material for the garbage and refuse collection provided by the city.
(Ord. 1253, passed 1-17-1995; Am. Ord. 1291, passed 1-30-1996; Am. Ord. 1343, passed 12-5-1996)