(A) For water service, upon filing of application for service, the applicant shall pay a deposit with the Town Clerk in an amount established by a schedule of fees adopted and amended from time to time by the Town Board, a copy of which schedule shall be maintained and available for review during normal business hours at the Town Hall.
(B) (1) Such deposit, or so much thereof as is not needed to pay delinquent bills, shall be returned to the customer on termination of use of the water system.
(2) All such proceeds shall be maintained in a separate bank account, and the Town Clerk and Treasurer is authorized, empowered, and hereby directed to withdraw the deposit of a subscriber of so much thereof as is necessary to pay the delinquent bill of such customer.