The Town Council hereby adopts the provisions of I.C. 35-43-5-5 thereby establishing a service fee for all insufficient fund checks or drafts. The service fee shall not exceed the greater of $27.50 or 5% (but not more than $250) of the amount due on any insufficient fund check or draft which has not been paid by a credit or financial institution.
(`93 Code, § 9-23) (Ord. 511, passed 10-28-91; Am. Ord. 2003-018, passed 9-8-03; Am. Ord. 2011-016 passed 7-11-11)