(A)   Each applicant for service shall be required to place a deposit with the city to guarantee the payment of all water, sewer, and rubbish charges.
   (B)   The amount of this deposit shall be established by resolution of the city council.
      (1)   Public agencies shall not be required to make deposits. Industrial, commercial, or church customers may be exempted from placing deposits providing said customer established credit references satisfactory to the city. Should the required deposit exceed $250, a corporate surety bond in a form satisfactory to the city attorney may be deposited in lieu of cash.
      (2)   A deposit shall be required from all customers who are sent a final notice five or more times within any two-year period, and from every customer whose service is disconnected for nonpayment of water charges. After the deposit has been held for two consecutive years, during which service has been continuous and no final notices were required to be sent, the deposit shall be automatically refunded without interest by the city.
      (3)   Upon the disconnection of any service, the deposit may be applied to any outstanding water, sewer, or rubbish bills, and any balance of deposit then remaining in the hands of the city shall be returned to the person by whom such deposit was made.
(`64 Code, Sec. 33-13) (Ord. No. 1009, 1771)