9-1-5: DEPOSIT REQUIRED FOR NEW ACCOUNT:
   A.   Requirement; Amount: The town shall establish an account for each parcel of property or unit to which water service is provided. All accounts shall be carried in the name of the property owner of record for real property tax purposes and the agent, tenant, occupant, purchaser or lessee of each parcel of property if different than the record owner(s), all of which shall be jointly and severally responsible for the payment of said account. As security for payment, the town requires a deposit for each account in a new billing name established after the effective date hereof, payable to the town office. The security deposit shall be forty dollars ($40.00).
   B.   Refund Of Deposit:
      1.   The deposit shall be refunded to the person making the deposit or their authorized assignee for the account if the account is current for twelve (12) consecutive months of service and there have been no late charges assessed on the account during the twelve (12) month period or at the time said account is closed and registered in a new name if the account is current at that time.
      2.   If the account is not current after twelve (12) consecutive months, said deposit shall be maintained for additional twelve (12) month periods until the same is current for each month of the entire period. If an account is in arrears, the town shall have authority at any time as determined by the town clerk- treasurer to apply the security deposit or any portion thereof to the arrearage on said account. (Ord. 342, 3-18-2004)