The utility may require all applicants for service to tender a cash deposit equal to the billing for the estimated amount of service to be used by the applicant for a period of 60 days, but not less than $30 per meter, as a guarantee against nonpayment of bills. Such guarantee shall not make the guarantor liable in an amount exceeding the charge for a period of 60 days. The cash deposit minus any unpaid amount of service shall be returned to the customer upon discontinuance of service and presentation of the original deposit certificate by the customer. If the monthly bill is in excess of the deposit amount the utility may require an additional sum to be deposited with the utility. The additional sum and the original deposit shall not exceed the amount for an estimated 60 days of service.
('82 Code, § 36-9-2-1(d)) (Ord. passed 12-10-57; Am. Ord. passed 11-22-68; Am. Ord. passed 4-13-76; Am. Ord. passed 5-18-82)