Upon approval of the consumer’s application provided and filed with the City Clerk and upon the payment of a deposit of $75, if accompanied by a letter of credit reference from the consumer’s prior utility supplier, or a deposit of $150, if no letter of credit is furnished, which deposit shall be received from all residential customers as a guarantee of payment of all electric service charges to the City Clerk, the city shall connect said consumer at consumer’s expense to the city electric power line, providing an electric meter and do so under the rules and regulations as established by the Electric Commissioner. Commercial consumers shall pay a meter deposit based on an average monthly billing of similar business with a like electrical demand, but in no event less than $75 if accompanied with a letter of credit reference from the consumer’s prior utility supplier and, without said letter, a deposit of $150.
(Prior Code, § 3-1104)