The Clerk is authorized to charge the following amounts on all checks returned to the town which have been determined to have insufficient funds.
(A) First time a check is returned from bank: $10.
(B) Second time a check is returned from bank: $15 additional or 5% of the face amount of the check or draft, whichever is greater, not to exceed $150.
(C) All such charges collected shall be deposited into the General Fund as miscellaneous income pursuant to all applicable regulations imposed by the State Board of Accounts.
(Ord. 300, passed 9-7-1993)